EY Blockchain Lead Sees Bitcoin, Ethereum, Dogecoin Evolving Into 3 Different Markets Entirely

Bitcoin (BTC), Ethereum (ETH) and meme cryptocurrencies such as Dogecoin (DOGE) are likely to evolve into three different markets in a year from now, according to Paul Brody, global blockchain leader at EY.

What Happened: Brody told CNBC’s “Street Signs Asia” that people could even stop talking about crypto as a single entity in a year on.

Brody puts meme coins such as Dogecoin in the first category. However, he does not see a very bright future for these altcoins in the ecosystem and said the segment could be categorized as “investing as entertainment.”

See Also: How to Buy Ethereum (ETH)

The second ecosystem revolves around Bitcoin, which Brody feels is “better than gold” in some ways. He believes that the idea people should hold some percentage of their portfolio in the apex cryptocurrency could drive a lot of participation.