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Coindesk’s David Nelson: Forking will keep the price of Ethereum up in the long term

Coindesk’s David Nelson: Forking will keep the price of Ethereum up in the long term
Daniela Kirova
Aug 09, 2021, 10:21 AM
  • Forking is an effort to change how things work so ETH network gets better at processing transactions
  • With more of a use case for ETH, the price will be a little more sustainable going forward
  • Ethereum stands out as an appealing investment because there’s a lot more you can do with it than with Bitcoin

David Nelson, reporter at Coindesk, discusses the Ethereum (ETH/USD) forking, the investment potential in Ethereum versus Bitcoin (BTC/USD), and other related developments on Worldwide Exchange on CNBC. When asked by the host to explain the recent forking, he replied:

Asked whether he believed the post-forking rally was going to stay, whether it was a short term anomaly ‘under the hood’ considering the recent bear run and what he thought about the future path, Nelson responded:

He added that for insiders, Ethereum stands out as an appealing investment because there’s a lot more you can do with it than with Bitcoin. It has great potential with many things that can grow from it.