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When Peter Brandt speaks, the markets listen. This business veteran, active since the 1970s of the 20th century, dropped the bomb to the X platform: “Ethereum is valuable waste”. With more than 700,000 subscribers and legends based on decades of technical analysis, Brandt is neither troll nor maximum attention. Its criticism directly focuses on the second largest crypto on the market, which awakens the burning debate in the community and shakes the certainty of investors.
Brandt signed a brutal belief
In the report published on April 14, 2025 Peter Brandt released the formula as short as devastating: “Ethereum is worthless waste».
This comment, published on the Social Network X (formerly Twitter), immediately lit the discussion. Although Brandt does not describe the reasons in his latest publication, this statement is in critical logic in the past.
In November 2024 he has already described Ethereum as “Completely broken utilitarian“Because he condemned at a time when they considered its cost of use to be excessive and its technical complexity.
This attack is added to a number of remorse, which Brandt regularly solves altcoins whose legitimacy challenges. For a merchant, only bitcoin actually meets the criteria of permanent value reserves. Brandt through his subsequent statements points to several weaknesses of Ethereum:
- A structural complexity that would damage its readability and its acceptance;
- High transaction fees, as gas costs continue to cause chain operations, especially during the peaks of overload;
- Fuzzy location, between Smart Contracts, HUB Defi and competitor L1 Blockchains;
- Loss of credibility as a result of multiplication of promises that he did not adhere to.
This radical posture is not new to Brandt, but its regularity and its media range help maintain doubts with some investors. Its influence on markets is not trivial. His opinion, even brief, is therefore broadly transmitted in specialized circles and can affect short -term perception.
Increased tension around Ethereum
The timing of the statement is not trivial. It will intervene in the context of extended stagnation for ETH, whose price has not exceeded $ 4,000 since November 2021.
It seems that Brandt, without explicitly evoking the course, repeats this feeling of technical and strategic stagnation perceived by some investors. On social networks, several votes expressed their frustration due to the absence of the main technological breakthroughs since the update ‘MandateThe one that has strengthened the surrounding skepticism.
These critics include questions about the Ethereum direction. While the Pectra update is expected to improve the network efficiency, the community remains divided into priority between scalability and decentralization.
In some analysts, Brandt’s words reflect the essential tension: the growing problems of Ethereum in the alignment of promises of innovation and operating reality. In the short term, this new salvo criticism could strengthen maximist pro-bitcoin manifestations that would encourage developers to speed up structural reforms.
In the long run, however, Ethereum will have to prove that its technology plan can meet the expectations of an increasingly demanding market.
If we believe that Brandt’s criticism is not new, their recovery in the context of increased fragility could consider the perception of Ethereum in the medium term. For their supporters, they will provide further changes in the network of the expected response. However, for others, the current problems (disillusionment, slowness, division) rather evoke the beginning of a long breath. It is certain that the Ethereum community is no longer entitled to a mistake. They must respond quickly, with the risk of loss of trust and thus value.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.