This is why Ethereum could return Bitcoin, according to Coin Bureau

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The popular crypto-trader and host of Coin Bureau explains why he believes Ethereum (ETH) has a chance of reaching a larger market cap than Bitcoin (BTC).

In a new video, the pseudonymous analyst known as Guy tells his 1.17 million subscribers that the decentralized finance (DeFi) space has the potential to attract a rush of investors looking for higher returns than traditional financial instruments.

Since DeFi is largely dependent on Ethereum, the analyst claims that the possible increase in the adoption of decentralized financial protocols could help ETH become the largest crypto in the market. He says the potential trigger could be Ethereum and other smart contract platforms going through their expected upgrades to become cheaper and more efficient.

“Once these upgrades are complete, the demand for these smart contract cryptocurrencies is going to skyrocket for one reason: DeFi. The returns that you can find on more traditional DeFi protocols are far higher than anything centralized financial intuition can offer you today. Investors large and small are feeling the pressure of low interest rates and high inflation, which essentially make any yield below 5-7% a breakeven point. This is why institutional investors have crowded into DeFi …

While Bitcoin is still recovering from its hash collapse, Ethereum’s has not been comparably affected and its decentralized financial ecosystem has also remained stable. I’m sure institutions like to have a say in Ethereum 2.0 as well by staking ETH which is now available at a bank in Switzerland.

The closely watched crypto influencer says Ethereum has a good chance of overtaking Bitcoin and also names a catalyst that could seal the deal completely.

“Due to these and other factors such as general user adoption, I think it’s very possible that we will see Ethereum overthrow Bitcoin by market cap in the next bull run. This is basically guaranteed if Ethereum sees a [exchange-traded fund] before Bitcoin, and it looks like it just might happen.

At the time of writing, several Ethereum exchange-traded funds (ETFs) have been filed for registration with the United States Securities and Exchange Commission (SEC), but none have been publicly approved. The host of Coin Bureau is postulating that there is a chance that one of the deposits has already been approved, although no approval announcement has been made.

“Now, it might just be wishful thinking, but as far as I’m concerned, it’s not a question of ‘if’ but ‘when’. “

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