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Strike Founder: ETH Cannot Surpass BTC, Bitcoin is Currency While Ethereum is Technology

Summary: According to reports, Jack Mallers, the founder of Bitcoin ecosystem payment company Strike, responded to Ethereum co-founder Joseph Lubin's previous statement about Ethereum potentially surpassing Bitcoin as a currency foundation. Mallers stated that Ethereum cannot surpass Bitcoin because Bitcoin is a currency, representing a $5 trillion opportunity, while Ethereum is a technology, at best an ...

According to reports, Jack Mallers, the founder of Bitcoin ecosystem payment company Strike, responded to Ethereum co-founder Joseph Lubin's previous statement about Ethereum potentially surpassing Bitcoin as a currency foundation. Mallers stated that Ethereum cannot surpass Bitcoin because Bitcoin is a currency, representing a $5 trillion opportunity, while Ethereum is a technology, at best an emerging tech company, making them incomparable. Mallers specifically noted that Lubin and his team once owned 100% of the ETH supply, contrasting sharply with Bitcoin where even Satoshi Nakamoto could not pre-mine, with each Bitcoin being obtained through proof of work linked to real-world value and income.

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