Ether Machine Founder Claims ETH Outperformed BTC Over Past Decade
Andrew Keys, co-founder of The Ether Machine, asserts that Ethereum (ETH) has delivered superior returns compared to Bitcoin (BTC) over the past ten years. According to Keys’ analysis, early Ethereum adopters would have seen 30 times greater returns than Bitcoin investors. He shared these insights during a CNBC Squawk Box interview while discussing The Ether Machine’s upcoming public offering, backed by over 400,000 ETH (approximately $1.5 billion).
Ethereum’s Market Dominance
Keys, a self-described Ethereum proponent, revealed he doesn’t hold Bitcoin, likening his preference to choosing modern smartphones over outdated technology. He highlighted Ethereum’s leadership in stablecoin adoption and network effects comparable to Google’s search dominance. “Ethereum benefits most from the GENIUS Act,” Keys noted, referencing its position as the primary platform for stablecoin deployment.
Comparing Crypto Performance
While both assets have shown remarkable growth, their timelines differ significantly. Bitcoin, launched in 2009, gained over 234 million percent since its first recorded trade in 2010. Ethereum, introduced in 2015, has appreciated 236,837% since its launch. Notably, Bitcoin recently achieved new all-time highs while Ethereum continues trading below its 2021 peak.
Institutional Ethereum Adoption
The Ether Machine’s planned Nasdaq listing through a $1.6 billion SPAC merger with Dynamix Corporation signals growing institutional confidence. Jeff Mei of BTSE exchange observed significant capital flowing into Ethereum, suggesting market participants anticipate further growth potential.
