Gupta makes a cameo appearance in the Movie I am Satoshi, his analysis is worth listening to. The Biggest Weakness of Ethereum and Bitcoin is the Bandwagon and Greater fool drivers of Fiat Money derived value.
“Bitcoin’s competition was always the successor to Bitcoin,” Gupta said. “Not pressure from regulators. Ethereum’s competition is pressure from the next system. But my gut thinking about this is I don’t think that we are going to see extremely expensive tokens as a standard feature in the long run. The smart contracts on the other hand I think are going to be an increasingly huge deal. I think they are going to be immensely important.” Spot On.
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