Ether Machine Founder Claims ETH Outperformed BTC Over Last Decade
Andrew Keys, co-founder of The Ether Machine, claims that investing in Ether over the past decade would have yielded significantly higher returns than Bitcoin, initially stating a 50x increase, later correcting it to 30x. The Ether Machine plans to launch with over 400,000 ETH, valued at approximately $1.5 billion, making it the largest public vehicle for institutional Ethereum exposure. Keys emphasizes his preference for Ethereum over Bitcoin, citing its dominance in stablecoin deployment and tokenized assets. While Bitcoin has seen a 234 million percent increase since its inception in 2009, Ether has gained 236,837% since its launch in 2015. Currently, Ether is down 23% from its 2021 peak, while Bitcoin reached a new all-time high in July 2023. The Ether Machine will go public via a merger with Dynamix Corporation. Investors are reportedly shifting towards Ethereum, anticipating a price recovery.
