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Bitcoin is back above $50,000 again, but its rate of growth will be eclipsed by other tokens, eventually rendering it obsolete, the founder of Avalanche says

18 days ago   |   By Business Insider

Emin Gün Sirer
Stephen McCarthy
Bitcoin is going to be "eclipsed" by other systems, Emin Gün Sirer, the CEO of Ava Labs told Insider.
Value is "leaking out of bitcoin" because it is not truly decentralized and uses so much energy, he said.
Bitcoin has gained 440% in a year, but is lagging behind ether, which has risen 986%, while Ava Lab's avalanche is up 414%.
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Bitcoin will eventually be outpaced by other coins as their faster, cheaper networks digitize more and more of everyday life, according to the founder of...
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