{"id":11510,"date":"2021-08-31T02:54:22","date_gmt":"2021-08-31T02:54:22","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/venture-capitalist-bill-gurley-prefers-ethereum-to-bitcoin-takes-personal-position-in-eth\/"},"modified":"2021-08-31T02:54:22","modified_gmt":"2021-08-31T02:54:22","slug":"venture-capitalist-bill-gurley-prefers-ethereum-to-bitcoin-takes-personal-position-in-eth","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/venture-capitalist-bill-gurley-prefers-ethereum-to-bitcoin-takes-personal-position-in-eth\/","title":{"rendered":"Venture Capitalist Bill Gurley Prefers Ethereum to Bitcoin, Takes Personal Position in ETH"},"content":{"rendered":"

Venture capitalist Bill Gurley has taken a personal position in ether because he \u201cwas swayed by the arguments of the ethereum crowd.\u201d He explained that it is \u201cthe smarter way to play if you\u2019re going to have crypto exposure.\u201d<\/strong><\/p>\n

Bill Gurley Prefers Ethereum to Bitcoin<\/h2>\n

Bill Gurley, a general partner at Benchmark, a Silicon Valley venture capital firm in San Francisco, California, shared his view on cryptocurrency in an interview with Bloomberg last week.<\/p>\n

He began by admitting that he is late getting into crypto because he was focusing on direct listings and did not spend much time on the subject until April this year when he dedicated quite a bit of time to reading about cryptocurrencies. Gurley shared:<\/p>\n

I have to say I was swayed by the arguments of the ethereum crowd. And so, I\u2019ve taken a personal position.<\/p>\n

Without specifying how much he invested in ETH<\/a>, the venture capitalist emphasized that the investment was personal and not for his firm.<\/p>\n

<\/p>\n

\u201cI\u2019m swayed by the ethereum crowd,\u201d he reiterated. \u201cThe party that\u2019s involved seems to be way more pragmatic. They seem to be open to changes and are basically making several changes which I think will bring down fees and will be very beneficial. The developer community is clearly in the ethereum camp.\u201d<\/p>\n

The venture capitalist opined:<\/p>\n

I think there\u2019s a ESG [Environmental, Social, and Governance] benefit once they move to proof-of-stake versus bitcoin. It seems to me to be the smarter way to play if you\u2019re going to have crypto exposure.<\/p>\n

Gurley clarified that he\u2019s not a maximalist and he\u2019s not arguing that everyone must have crypto exposure.<\/p>\n

He also commented on the trading platform Robinhood which recently said that more than half of its revenue came from cryptocurrency<\/a> and 62% of its crypto revenue came from dogecoin (DOGE). The venture capitalist said this is not a sound business model, adding that he sees Robinhood as more of a casino than an investment platform.<\/p>\n

What do you think about Bill Gurley\u2019s comments on bitcoin and ethereum? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nAltcoins, Bill Gurley, Bill Gurley bitcoin, Bill Gurley crypto, Bill Gurley ethereum, bitcoin v ethereum, bitcoin vs ether, Doge, dogecoin, eth vs btc, ethereum vs bitcoin, Robinhood<\/p>\n","protected":false},"excerpt":{"rendered":"

Venture capitalist Bill Gurley has taken a personal position in ether because he \u201cwas swayed by the arguments of the ethereum crowd.\u201d He explained that it is \u201cthe smarter way to play if you\u2019re going to have crypto exposure.\u201d Bill Gurley Prefers Ethereum to Bitcoin Bill Gurley, a general partner at Benchmark, a Silicon Valley…<\/p>\n","protected":false},"author":0,"featured_media":11511,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11510"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11510"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11511"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}