The entire crypto-verse witnessed a massive downfall over the last couple of days. Despite this, the crypto market particularly Ethereum [ETH] managed to score a new fan. Prominent billionaire, Carl Icahn, revealed in a recent interview that he viewed Bitcoin [BTC] as a store of value while he suggested that ETH had both the properties of being a payment method as well as a store of value.
The crypto sphere has managed to attract a lot of people across various industries. This was however interrupted by the recent crypto carnage. Icahn with its latest comments about the crypto-verse suggested that the fervor around the industry hadn’t subsided.
Ethereum can be used as a payment method and store of value
As the battle between BTC’s real use case persists, ETH seemed to be emerging as a promising asset. Icahn, while speaking to Bloomberg went on to highlight the same. He added,
With Ethereum, it’s the underlying blockchain. So, Ethereum has two things, you can use it as a payment system, you can use it as a store of value. [..] So Ethereum and Bitcoin are different. Bitcoin to me is just a store of value.
While ETH continues to put on a struggle to make it past $3K, the altcoin was lauded for its price change since the beginning of this year. With newbies entering the market, several were seen commending Ethereum for its efficient transactions.
Additionally, Icahn pointed out that he had no cryptocurrencies in possession. However, he believes that there was “something to it.” Elaborating on his potential engagement with the crypto market, the billionaire said,
“I’m looking at the whole business. I’m not looking at what to buy necessarily at this time. I’m just looking at the whole business and how I might get involved in it with Icahn Enterprises in a relatively big way, because I do think it’s here to stay in one form of another.”