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Celsius CEO: Ethereum Is Set to Surpass Bitcoin’s Market Capitalization

Amy Liu

Summary: During an interview with Kitco News, the CEO of cryptocurrency lending platform Celsius, Alex Mashinsky, has revealed that Ethereum is already “flippening” bitcoin when it comes to total U.S. dollar amount invested by its firm’s users, and believes the trend will expand to the wider market. Mashinsky argued that Ethereum’s ether has already surpassed bitcoin ...

During an interview with Kitco News, the CEO of cryptocurrency lending platform Celsius, Alex Mashinsky, has revealed that Ethereum is already “flippening” bitcoin when it comes to total U.S. dollar amount invested by its firm’s users, and believes the trend will expand to the wider market.

Mashinsky argued that Ethereum’s ether has already surpassed bitcoin on Celsius as the firm manages “about $17 billion in deposits” and “the number one coin held in dollar terms is Ethereum.” The CEO expects the trend to keep on going, to the point ETH will surpass Bitcoin’s market cap by 2022 or 2023. 

By Amy Liu

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