$ 1,234.11 1.65%
$ 41.49 1.22%
$ 0.067941 1.57%
$ 4.84 8.76%
$ 21,400.00 0.66%
$ 238.46 0.56%

ETH bullish, UK parliament member mentions the “flippening”

ETH considered by UK member of parliament

TL;DR Breakdown

  • Tom Tugendhat wants more financial innovations in the UK
  • Tugendhat more interested in ETH over BTC.

Tom Tugendhat has been in the United Kingdom Government for more than five years. The member of parliament has urged UK citizens to put more of their energy into financial innovations. He finds the growth in the crypto space most exciting. He said he leaned more towards ETH over the giant coin BTC.

UK politician bullish on Ethereum(ETH)

Tom Tugendhat, who got the seat as a member of the British Conservative party has served the UK government since 2015.

He recently told his government to learn to embrace innovative financial strategies. He believes that if the country fails to adapt to the daily changes in such limited time, the country will lag.

Tom perceives that most of these changes are driven by online platforms. He insisted on the crypto sphere. Tugendhat campaigned on the second largest digital asset ETH than the all-time high digital currency BTC. He did not explain why he sided on Vitalik’s coin than the all-time high digital asset BTC.

Even though he did not give reasons, he touched upon the  flippening”, a term that became popular in 2017 and 2018 when Ethereum (ETH) was almost beating the all-time high digital asset Bitcoin. Many people think that ETH wants to surpass the giant coin after it has recorded a massive drop.

Ethereum(ETH)  growth role

UK politician bullish on ETH

ETH has attempted to outshine the cryptocurrency giant for a long time. The race has not yet come to an end. This year only ETH has surged by 7%, while the giant cryptocurrency has dropped by 30%, shortening the gap between the two digital assets.

Recently it has been noted that ETH has been growing steadily. A recent report by Coinshare revealed that institutions purchased more ETH than Bitcoin in the previous month.

Mark Donald

Mark Donald

Mark Donald, hailing from the Blockchain Island Malta, is someone you can trust to deliver exactly what is needed for the job, the very definition of blockchain. He breathes life into innovative ideas while working with talented people who are eager to share their knowledge and skills. With a team player like Mark, it's a cinch Cryptopolitan will reach its highest goals.

Related News

Hot Stories

Crypto News Alert – A New Meme Coin That Will Process 50,000 Transactions Per Second
Polkadot price analysis: DOT price will break above the closest resistance level found at $ 9 over the weekend
Bitcoin price analysis: BTC slowly retests $21,500, ready to return lower?
Shiba Inu price analysis: SHIB continues to rise with $0.00001350 in sight
Monero Price Prediction 2022-2031: Is XMR Price Going Higher?

Follow Us

Industry News

Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b
Bitpanda lays off workers amid the market decline
Coinbase to launch Nano BTC features aimed at retail traders on June 27
Namibian University will offer master's degree in blockchain technology soon
Uphold announces restriction of Venezuelan users