The post Ethereum Price Prediction: Vitalik Buterin Refuses Bitcoin Allocation appeared on BitcoinEthereumNews.com.

Ethereum co-founder Vitalik Buterin has dismissed allocating a significant portion of his portfolio to Bitcoin, reinforcing his commitment to Ethereum.  Meanwhile, Bitcoin still has major problems with slow transactions and high fees. PlutoChain ($PLUTO) is a Layer-2 solution that solves these issues by offering faster transactions, lower costs, and Ethereum compatibility. Here’s all you need to know. Ethereum Price Prediction: Is ETH on Track for $10,000 After Vitalik Snubs Bitcoin? Ethereum (ETH) is trading at around $2,615.75, down 14.6% in the last 24 hours. The RSI is at 26 right now, which means ETH is in oversold territory.  Ethereum co-founder, Vitalik Buterin, recently responded to a suggestion from crypto analyst Udi Wertheimer, who proposed that investors should allocate at least 10% of their portfolios to Bitcoin.  Buterin made it clear that his Bitcoin holdings are well below this threshold and said that he keeps less than 10% of his portfolio in any asset outside of Ethereum. His response has led to a debate within the crypto community about whether industry leaders should diversify or stay loyal to their blockchain ecosystems. Buterin also addressed concerns about Ethereum’s scalability and pushed back against calls to abandon Layer 2 networks in favour of raising Ethereum’s Layer 1 gas limit. He believes this would weaken the network’s social structure and instead encourage Layer 2 networks to burn fees or contribute to Ethereum’s ecosystem. PlutoChain ($PLUTO) Is an L2 Upgrade That Could Make Bitcoin Faster, Cheaper, and More Practical Bitcoin is still the most recognized cryptocurrency, but its slow transactions, high fees, and congestion make it difficult to use for everyday payments.  While Ethereum and Solana have adopted scalability solutions, Bitcoin hasn’t fully evolved yet. That’s where PlutoChain ($PLUTO) could come in — a Layer-2 upgrade designed to make Bitcoin faster, cheaper, and more versatile.…

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Filed under: News - @ February 8, 2025 7:24 am