---
title: "Ethereum In Peril? ‘ETH May Not Even Be A Listed Asset In 10 years,’ Says Legendary trader"
url: https://diffcoin.com/ethereum-in-peril-eth-may-not-even-be-a-listed-asset-in-10-years-says-legendary-trader/
description: "Renowned trader and investor Peter Brandt has recently voiced a surprisingly pessimistic view of Ethereum's future. Brandt, known for his trading..."
published: 2023-12-15
updated: 2023-12-15
author: "Mila"
site: "Diffcoin"
---

# Ethereum In Peril? ‘ETH May Not Even Be A Listed Asset In 10 years,’ Says Legendary trader

Renowned trader and investor Peter Brandt has recently voiced a surprisingly pessimistic view of Ethereum’s future. Brandt, known for his trading acumen, has expressed doubts about Ethereum’s longevity as a major digital currency, especially when contrasted with Bitcoin (BTC).

## Ethereum’s Uncertain Future According To Brandt

Brandt’s forecast for ETH, which he shared in a post on X, centers around his belief that ETH lacks the attributes of a solid store of value. Unlike Bitcoin, which has garnered widespread acceptance as a digital gold equivalent, ETH’s functionality and escalating gas fees cast shadows on its long-term viability.

Brandt went as far as to describe Ethereum as a “piece of junk,” a bold statement considering Ethereum’s status as the second-largest cryptocurrency by market cap.

Notably, Brandt’s skepticism particularly stems from ETH’s underlying technical challenges and high transaction costs, which have been a point of contention within the crypto community.

> Ether [$ETH](https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw) is not comparable to [$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw) as a store of value. Why hodl ETH when you can hodl BTC 
> And the functionality and gas price of ETH make the crypto a piece of junk 
> My prediction is that ETH may not even be a listed asset in 10 years
> 
> — Peter Brandt (@PeterLBrandt) [December 14, 2023](https://twitter.com/PeterLBrandt/status/1735433545458520178?ref_src=twsrc%5Etfw)

The trading guru argues that these factors significantly hinder Ethereum’s potential as a reliable investment vehicle, especially when compared to Bitcoin’s more stable and widely accepted financial narrative.

## Mixed Perspective: Ethereum As A Swing Trading Vehicle

Brandt’s bleak outlook on Ethereum doesn’t stop at its long-term viability. Delving deeper into his analysis, he turned to the ETH/BTC chart for further insights. Brandt noted that if ETH/BTC manages to sustain above the $0.48 level, ETH’s ‘funeral’ might be postponed.

> Hey ETH bulls, from a chart standpoint you need to hope [$ETHBTC](https://twitter.com/search?q=%24ETHBTC&src=ctag&ref_src=twsrc%5Etfw) can hold above.048xx. If this level holds, then the funeral for [$ETH](https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw) will be delayed. [pic.twitter.com/u4keL5Elqv](https://t.co/u4keL5Elqv)
> 
> — Peter Brandt (@PeterLBrandt) [December 15, 2023](https://twitter.com/PeterLBrandt/status/1735502588072870244?ref_src=twsrc%5Etfw)

This observation suggests a potential window for Ethereum to regain its footing or at least stabilize in the near term.

Interestingly, despite his overall bearish stance, Brandt acknowledged a silver lining for Ethereum. He concluded his analysis with a more optimistic note about its potential as a trading instrument. “One final note and then time to move on to different topics,” Brandt expressed:

> I view ETH as a legitimate SWING TRADING vehicle. It charts decently well and has adequate liquidity.

In stark contrast to Brandt’s gloomy prediction, several industry experts and analysts hold a more optimistic outlook for ETH. Recent insights from JPMorgan analysts, for instance, predict a rosier future for ETH, predicting that the altcoin will surpass Bitcoin in 2024.

The prediction comes in light of the anticipated EIP-4844 upgrade. Known as Protodanksharding, this upgrade, scheduled for the first half of 2024, is expected to significantly enhance ETH’s network efficiency and functionality.

![Ethereum (ETH) price chart on TradingView](https://www.tradingview.com/x/OCtCtZBJ/)

Ethereum (ETH) price is moving sideways on the 4-hour chart. Source: ETH/USDT on TradingView.com

Featured image from Unsplash, Chart from TradingView

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