Peter Brandt’s Opinion on Ethereum

When it comes to commenting on cryptocurrency, few can express opinions without inciting public disputes. One such individual is Peter Brandt, a legendary trader active since the 1970s.

After nearly 50 years in the financial market, witnessing crashes, hype, crises, scams, and the rise of giants like Apple and Nvidia, Brandt’s views hold significant weight.

Currently, Brandt has expressed strong disdain for Ethereum (ETH), a major alternative cryptocurrency.

In November last year, he criticized Ethereum’s complexity and high costs, calling it “world-class terrible,” which renders ETH a broken utility token.

> “ETH is worthless junk”
> — Peter Brandt (@PeterLBrandt) April 14, 2025

Recently, he reiterated this sentiment in response to ongoing gas issues within the Ethereum ecosystem, labeling ETH as worthless junk.

Such a blunt assessment of a $200 billion asset raises questions about its future. Currently, the sentiment towards Ethereum is sharply divided.

With Ethereum’s price stagnant in October 2023 and shifts among its founding organizations, it faces a significant stress test.

The community is split: some holders are dissatisfied with the lack of price movement, many crypto enthusiasts are frustrated with the technology, while others remain steadfast believers in Ethereum.

Will this altcoin endure the ongoing crisis? That is the pivotal question at present.