According to Antoni Trenchev, co-founder of cryptocurrency lending platform Nexo, the merger of Ethereum is the most important thing that has ever happened in the history of the protocol.
However, he doesn’t think this will help Ethereum overtake Bitcoin as the most dominant digital asset. Trenchev said he is very bullish on these assets and keeps them in his portfolio for the long term. He admitted to increasing his Ethereum exposure a few months ago, expecting the token’s price to surge after the switch to PoS.
Unlike some who expected Ether’s valuation to soar immediately after the event, Nexo executives believe it will take some time. People should be aware of the use case for this development first, and then a price surge could follow.