Aswath Damodaran, professor of finance at New York University’s Stern School of Business – has reportedly leaned towards Ether (ETH) rather than Bitcoin (BTC), regarding the potential for either to be a commodity. 

Specifically, during his talk with CNBC, the NYU professor reportedly remarked that Ethereum’s upside advantages are more abundant compared to Bitcoin, when it comes to a scenario of a future paradigm dominated by blockchain-powered technology.

Per Damodaran, ETH will reportedly beat Bitcoin in the race to be the more advanced lubricant for blockchain commerce. When discussing Bitcoin, he claimed the digital coin was a speculative play. 

“All that bitcoin bulls seem to talk about, their biggest sales pitch for bitcoin is: ‘Look at how much money I’ve made on bitcoin.’ That’s it, that’s the end of the sales pitch. That’s not a sales pitch. That tells me nothing about the substance here.”

As a matter of fact, the DeFi sphere, as an up-and-coming part of the crypto industry, has soared in terms of growth across the Ethereum network. The current adjusted overall value locked in ETH-powered DeFi protocols has exceeded the $65 billion benchmark. 

In May this year, Uniswap – an Ether-powered decentralized exchange – reportedly upturned Bitcoin, daily revenue-wise, showing the scale of the transaction volume disparity between Ethereum and Bitcoin.

Damodaran’s criticizing stance towards Bitcoin has reportedly been displayed in the past, as the NYU professor referred to the virtual coin as an “inefficient currency” earlier in May. In August 2017, Damodaran, gave Bitcoin the definition of a “pricing game with no good ending.”

 “I think we need to start to separate the crypto space into those cryptos that are trying to be currencies, those cryptos that are trying to be collectibles — millennial gold — and those cryptos that are actually commodities.”