【forum stake】'Ethereum Is Worthless Junk,' Says Legendary Trader Peter Brandt

Wall Street legend destroys Ethereum in two words,forum stake details inside Advertisement

When it comes to commenting on cryptocurrency, perhaps only a few people are allowed to not hold back on something without causing a public dispute. One of those people is definitely Peter Brandt, an expert trader who is considered a legend of the financial market, as he has been operating in it since the 1970s. 

Advertisement

It just so happens that after almost 50 years of trading and probably seeing everything in the financial world - crashes, hype, crises, scams, Ponzi schemes, the creation of giants such as Apple and Nvidia - Brandt's opinion definitely carries colossal weight.

Related Mon, 04/14/2025 - 15:13 Vitalik Buterin Stuns Community With Hot Take on Privacy Godfrey Benjamin

HOT Stories Second Satoshi Nakamoto Statue Just Appeared: Details Michael Saylor Issues Mysterious Post As Bitcoin Breaks Out: 'Meet Me At The Top' Bitcoin Breakout Euphoria Thrashed by Legendary Trader Peter Brandt $150,361,090 XRP Mystery Stuns Community, Here's What's Really Behind It

It just so happens that Peter Brandt hates Ethereum (ETH) - a major alternative cryptocurrency on the market. 

Advertisement

The reasons? As the trader himself explained back in November last year, Ethereum's complexity and cost of use is "world-class terrible," and this makes ETH a completely broken utility token. 

ETH is worthless junk

— Peter Brandt (@PeterLBrandt) April 14, 2025

Today, he doubled down on this statement and responded to a post describing gas problems within the Ethereum ecosystem by simply saying that ETH is worthless junk. 

That is quite a way to express an opinion about a $200 billion asset in two words. How this statement will play out remains an open question, but sentiment toward the largest altcoin is as divided as it has ever been, let's face it. 

Related Mon, 04/14/2025 - 09:09 Mega Ethereum Whale Keeps Selling — Another 20,000 ETH Dumped on Kraken Yuri Molchan

With the price of Ethereum standing where it was in October 2023, and a shakeup in the founding organizations, it seems like a real stress test for the cryptocurrency.

On one side, you have holders who are not happy with the price barely moving, then you have a large portion of crypto enthusiasts who are furious with the technology, and then you have believers who are sticking with Ethereum no matter what.

Related Sun, 04/13/2025 - 08:45 Ethereum's Buterin Slams Pump.fun Alex Dovbnya

Will the altcoin survive this crisis? That is the main question and battle test right now.