Markus Thielen, the research director at 10x Research, stated that Ethereum may not be the wisest investment choice in the 2025 bull market, speculating that the asset may yield disappointing returns compared to Bitcoin. While we appreciate Ethereum's volatility, we believe it remains a poor mid-term investment, expecting ETH's performance to lag behind BTC again in 2025. He also mentioned that last March's Ethereum Duncan upgrade (which lowered gas fees and allowed for more transactions) was 'six months late,' missing the peak of the Meme coin surge, leading the market to 'turn to' the 'more cost-effective' Solana alternative. He expressed skepticism about the Pectra upgrade scheduled for early 2025, stating, 'Of the 19 upgrades so far, only two have had a noticeable positive impact on ETH prices, and those upgrades occurred during Bitcoin bull markets.' He added, 'The three major catalysts for Ethereum in 2024 have essentially all failed, bringing little value overall.'

#BTC #ETH