Gemini Founder Cameron Winklevoss Says Ethereum And DeFi Are Undervalued

In its latest interview, Gemini co-founder Cameron Winklevoss expressed his opinions about Ethereum, the second-largest cryptocurrency by market cap.

According to Winklevoss, the decentralized finance (DeFi) will boom in the future as it has a lot of potential. The sector is still in the early phase, and it will take time to get matured.

Talk with Crypto YouTuber

In his talk with YouTuber Layah Heilpern, Bitcoin billionaire compared the second-biggest blockchain network with Windows or iOS because it could serve many purposes in the internet world. The cryptocurrency has reached its all-time high recently, and it’s not the end as there is a lot of room to grow and mature.

He also showed his strong support towards the decentralized finance sector, an important part of the crypto ecosystem. The crypto exchange Gemini has announced the listing of unlimited DeFi projects on the platform in the recent few months. He also warned his audience that a risk is also involved in the process because space is not yet matured enough. Various projects will turn off, and many will get succeed.

There are some experts in the industry who like to compare DeFi with Bitcoin. Winklevoss, on the other hand, believes that it is useless to compare DeFi with Bitcoin because both have different goals and aims. Similarly, people are divided on deciding which is best among Bitcoin and Ethereum.

Winklevoss Twins were fans of Bitcoin since the creation of cryptocurrency. But they have also added some other projects to their favorite list. Ethereum is the latest addition to their interest because the second-biggest blockchain is hosting top-rated crypto projects.

Some analysts think Ethereum could surpass Bitcoin in both price value and market cap, but it seems a very difficult and breath-taking task.

Currently, Ethereum is exchanging hands at $1,654 after a slight increase of 0.78% in the past 24-hours. Over the week, it has also increased by 23.83%.

Flagship coin Bitcoin is trading at $39,412 after a slight increase of 0.16% in the previous 24-hours. In the short-term, the top leading cryptocurrency is destined to reach $50,000, according to market experts. But there is also a chance that it could show a further correction.