Strike's Jack Mallers Criticizes Ethereum's Potential to Surpass Bitcoin

News Flash 05/09/2025 10:16

Jack Mallers, founder of Bitcoin payment company Strike, has publicly responded to Ethereum co-founder Joseph Lubin's claim that Ethereum could surpass Bitcoin's monetary foundation. Mallers argued that Ethereum cannot overtake Bitcoin, as Bitcoin represents a $500 trillion market opportunity as a currency, while Ethereum is merely a technology akin to an emerging tech company. He further highlighted that Lubin's team once controlled 100% of the ETH supply, contrasting sharply with Bitcoin's decentralized and fair distribution model.

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