20 July 2026
ETH 2.0 Has the Potential To Outpace Bitcoin: Dan Morehead
Dan Morehead, the CEO of Pantera Capital, believes that the upcoming upgrade would likely help Ether (ETH) outpace Bitcoin (BTC) as the largest cryptocurrency.
While speaking at the Reuters Global Markets Forum, Dan Morehead stated Ether has more potential than Bitcoin and said the latest Ethereum Improvement proposal (EIP) 1559 will allow the digital token to trade more like a fixed asset. Morehead predicted that EIP 1559, is a highly anticipated update for Ethereum’s existing fee structure, which introduces a minimum payment for sending Ethereum transactions and moves aside from a bidding system which will facilitate miners in prioritizing higher bids. EIP 1559 upgrade is created to adjust fees automatically for users to pay the lowest bid for each block and make Ether potentially a deflationary asset.
He also estimated that cryptocurrency’s shift to Ethereum 2.0 will reduce Ether’s mining energy consumption levels compared with the one of Bitcoin, Dan Morehead predicted, “You’ll see a transition of people who want to store wealth, doing it in Ether rather than just Bitcoin.” Furthermore, Morehead asserted that Ethereum’s wide implementation in decentralized finance applications would help Ether grow bigger than Bitcoin.
Although Morehead estimated a brighter future for Ether, he remained optimistic about Bitcoin’s growth in the future. He also predicted that Bitcoin would trade between $80,000 and $90,000 by the end of 2021, rising above $120,000 within a year. He also believes that increasing mainstream adoption could further drive Bitcoin price to as high as $700,000 till the next decade.
Ether is considered as the second most valued cryptocurrency, with a market capitalization amounting to $290 billion at the time of writing. Ethereum London is one of the biggest Ethereum upgrades, designed to move its blockchain from proof-of-work to proof-of-stake, meaning that the network will rely on staking instead of mining.
Apart from Morehead, Mike Novogratz, founder and CEO of crypto investment firm Galaxy Digital, also predicted that Ether could become the “biggest cryptocurrency one day.”
Disclaimer: The author’s views and opinions are for informational purposes only and do not constitute financial, investment, or other advice.
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