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Reading: Dexterity Capital Manager Partner Views Bitcoin as “Boring, Old Grandpa” Compared to Ether
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HOME > News > CRYPTOPEDIA > BITCOIN NEWS > Dexterity Capital Manager Partner Views Bitcoin as “Boring, Old Grandpa” Compared to Ether
BITCOIN NEWSCRYPTOPEDIANews

Dexterity Capital Manager Partner Views Bitcoin as “Boring, Old Grandpa” Compared to Ether

NFT Studio 24
Posted NFT Studio 24 April 17, 2023 108 Views 1 Min Read
Updated 2023/04/17 at 8:16 PM
Dexterity Capital Manager Partner Views Bitcoin as Boring Old Grandpa Compared to Ether
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According to Michael Safai, managing partner at financial services firm Dexterity Capital, Bitcoin (BTC) is currently steadfast and mundane, earning it the moniker of “boring old grandpa” in comparison to the excitement surrounding Ethereum (ETH). Safai told CoinDesk TV’s “First Mover” on Friday that Bitcoin’s rally may be due to its simple and familiar story, making it a safer choice during uncertain economic times.

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Michael Safai

While ETH experienced a major upgrade with the Shanghai upgrade, known as Shapella, raising concerns of sell-offs, it instead saw a price increase to over $2,000, beating out Bitcoin in options trading for the first time this year. Safai noted that a lot is happening with ether, including allegations from US government officials that it is a security and should be regulated as such. Bitcoin, however, is sidestepping the investigations, and for now, the US Securities and Exchange Commission views it as a commodity.

Safai believes that the upgrade has changed the rules of the game for Ethereum, resulting in excitement from users and increased activity on the options side.

TAGGED: Dexterity Capital

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