The Ethereum cryptocurrency has a market capitalization of $376 billion, second only to bitcoin’s $1.08 trillion. But it’s quickly catching up to the crypto giant.
This places the cryptocurrency as more valuable than Elon Musk’s meme, Dogecoin.
Ether value has surged since the beginning of the year, largely due to the rising popularity of decentralized finance (DeFi) applications.
Crypto disrupts old money
Even the traditional players are beginning to recognise the importance of embracing crypto, including luxury auction house Sotheby.
Sotheby also will be jumping on the crypto bandwagon, saying they’ll accept payments in Bitcoin and Ethereum at an upcoming Banksy auction.
The 277-year-old auction house says that it’s the first of its kind to accept cryptocurrency as payment for a physical piece of art.
“Fittingly, the pairing brings together the biggest disruptor in finance with one of the most notable disruptors in the art world – Banksy,” Sotheby said.
Achieve your dream retirement with these key property investment approaches
Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.
Crucial tips for choosing the right property to secure long-term financial success
Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.
Strategies to manage risk and seize opportunities in uncertain times
Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.