Three Arrows Capital CEO ignores Ethereum

The CEO of the Three Arrow Capital ignored Ethereum from their support. However, admitted that earlier they were in support. 

At present, there are many crypto assets in the crypto market, and every crypto has its use cases. After Bitcoin, this is only Ethereum which has a big ecosystem with better use cases over the Bitcoin blockchain network. But many times, Bitcoin lovers criticized Ethereum for its unlimited supply and other controversial decisions like the shift of Ethereum from Proof-of-work consensus to Proof-of-stake. In the latest, another billionaire shared his stance on Ethereum. 

On 21 November, Su Zhu, The CEO of the fund manager firm Three Arrows Capital, tweeted on Twitter and said that he is abandoning Ethereum despite he supported it in the past. Behind the reason for this, Zhu said that Ethereum abandoned its users in the past. 

Zhu asserted that Ethereum is not better for the newcomers because of high fees and transaction charges. And also the support and demand to overcome such issues raised many times but they are ignoring and creating problems. 

Zhu also pointed out that many voices over the fees system have been raised in the community but they are not doing anything.

Over the last 24 hours, Zhu pointed out many tweets regarding Ethereum and criticized the Ethereum blockchain network-based problems. 

Before this, This billionaire raised his support in the Blizzard. Zhu announced an investment in the Blizzard initiative early this month. And voiced the support for Avalanche development to compete against Ethereum. 

Avalanche is going to integrate its ecosystem with the Cardano and Binance Smart Chain. Due to such initiatives, the price of Avalanche hitted $138 at all all-time. 

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