Benzinga – Galaxy CEO Mike Novogratz is calling for peace between the Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) communities.
What Happened: Novogratz was responding to entrepreneur Mike Alfred’s tweet poking fun at ETH maxis and their suggestion of ETH flipping BTC. “Remember when the 20-year-old crypto VCs said ETH would flip BTC imminently? Too funny.”
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Novogratz highlighted the stark divide between supporters and detractors of Bitcoin and Ethereum, reminding the cryptocurrency community that both these digital assets have strong believers and significant financial backing.
“I don’t understand why many crypto advocates like an either/or proposition. Both BTC and ETH have huge communities that believe in their future and are willing to store a bunch of their wealth in them. Make love not war,” he tweeted.
The discord between the two main factions of cryptocurrency stems from the stark differences in their value propositions and usage. Bitcoin, which is generally seen as a store of value or digital gold, is at odds with Ethereum, which seeks to become a decentralized platform for a variety of applications and smart contracts
I don’t understand why many crypto advocates like an either/or proposition. Both $BTC and $ETH have huge communities that believe in their future and are willing to store a bunch of their wealth in them. Make love not war. https://t.co/qj2o37gKMh
— Mike Novogratz (@novogratz) March 26, 2023
Price Action: At the time of writing, BTC was trading at $27,879, up 0.87%. ETH, at $1,764, was up 0.59% in the last 24 hours, according to Benzinga Pro data.
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