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<ul><li>Jan van Eck strongly criticized the high transaction fees associated with Bitcoin and Ethereum, promoting layer 2 solutions and Solana as efficient alternatives.</li><li>Although Solana presents a lower-cost and faster option than traditional cryptocurrencies, it has encountered significant technical issues.</li><li>Van ECK also commented on the discussion surrounding Ethereum ETFs, stating that the probability of being approved by the May deadline is low.</li></ul>Jan van Eck, CEO of investment firm VanECK, believes that the cryptocurrency industry should focus more on transaction fees rather than Bitcoin, Ethereum, or their exchange-traded funds. Speaking his mind on April 10, van ECK <a href="https://www.coindesk.com/tv/markets-daily/bitcoin-etfs-are-not-the-dominant-narrative-driving-btcs-2024-rally-vaneck-ceo/?_gl&#61;1*4ix0dl*_up*MQ..*_ga*NDc5MzEwNDI1LjE3MTI3MjYwNTg.*_ga_VM3STRYVN8*MTcxMjcyNjA1OC4xLjAuMTcxMjcyNjA1OC4wLjAuMA.." rel="noopener noreferrer nofollow">discussed</a> the unpredictable nature of fees on Bitcoin and Ethereum.The CEO went on to draw attention towards the layer 2 blockchains and the Solana network, stating that transaction costs are “available at affordable rates” via these channels. Going further into the topic, he said, “No one would ever use” Bitcoin and Ethereum as a result of the hefty fees. He presented a question to the broader audience, stating:My analogy for non-crypto people is, would you want to fill your car at $50, you know, week after week, and then one week at $600? And that&#39;s effectively what high gas fees are on Ethereum.<a href="https://cryptotale.org/vaneck-ceo-endorses-layer-2-solutions-and-solana-over-ethereum-and-bitcoin/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

VanECK CEO Endorses Layer 2 Solutions and Solana Over Ethereum and Bitcoin

CryptoTale

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