Kevin O’Leary, a well-known Canadian entrepreneur, TV presenter and investor, has said that he believes Ethereum will become ultrasonic money in the near future.
The statements come just a few days after the London hardfork took place on the Ethereum network. Among other feature, the fork includes a new fees burning system.
O’Leary took to Cameo, a platform that allows users to purchase personalized video messages from celebrities – to participate in the Ethereum upgrade. In the video, O’Leary says:
“Currently the fees that users pay to send transactions go to the miner, but after this improvement, the fees will be burned.”
“If Bitcoin is sound money because of the $21 million supply ceiling [Ethereum] is ultrasound money because there is no supply floor.”