Why Ethereum’s Bitcoin (BTC) is a hotbed of discord

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Why Ethereum’s Bitcoin (BTC) is a hotbed of discord

Mike Novogratz, Galaxy CEO, wants to bring peace between the ETHUSD andBTCUSD communities.

What happened: Novogratz was responding to entrepreneur Mike Alfred's tweet poking fun at ETH maxis and their suggestion of ETH flipping BTC. When did the 20-year-old VCs say ETH would flip BTC imminently? See also: Top Indian Apps That Give NFT Rewards and Bitcoins.

Novogratz noted the stark divide between supporters and detractors ofBitcoin andEthereum, reminding the community that both of 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 lot of their wealth in them. He said: "Make love not war."

The discord between the two main factions of criptocurrency stems from the stark differences in their value propositions and usage. It's generally seen as a store of value or digital gold, but is at odds with Ethereum, which is trying to become a decentralized platform for a variety of applications and smart contracts.

Price Action: At the time of writing, BTC was trading at $27,879, up 0.87%. According to Benzinga Pro data, the ETH was up 0.59% in the last 24 hours.