A LEADING investment expert has said that recent developments in the cryptocurrency markets mean that bitcoin cash and ethereum are in prime position to tighten the gap with bitcoin as the market leader.
CNBC Fast Money expert Dan Nathan has revealed that bitcoin cash (BCH) could soon overtake its namesake currency bitcoin as the market leader.
In a shock analysis, he pointed out bitcoin had been plagued by “technical issues” while both ethereum and bitcoin cash were seen as the fastest cryptocurrency.
Mr Nathan, the founder of Risk Reversal Advisors, said: “I’ve buying bitcoin cash and ethereum.
“Those two seem like ones that have some room to go here, while bitcoin seems to have some technical issues.
“People really want to build on the ones where they think it’s cheaper and faster and those are ethereum and bitcoin cash.”
Fellow CNBC panellist and trader Karen Finerman added: “Bitcoin cash is more interesting. The discrepancy with bitcoin is there, but the gap will close.”
Interest in bitcoin cash surged after the alternative currency to bitcoin was shown to be faster and cheaper to use.
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