The debate around the health, success, and long-term viability of Ethereum, the world’s second-largest cryptocurrency by market cap, surfaced again as Mike Alfred, a notable value investor, declared that Ethereum (ETH) looks “sick.”

Bill Morgan, a lawyer interested in digital assets, quickly challenged this view. Morgan disagreed with Mike Alfred’s opinion, which painted a gloomy picture of Ethereum. 

Mike Alfred’s Ethereum Skepticism

Mike Alfred, known for his engaged value investing, recently expressed his viewpoint on the social media platform X (formerly known as Twitter). In his post, Alfred labeled ETH as appearing “sick” and argued that its much-touted promise as the “world computer” and a platform for “ultrasound money” has not been fulfilled.

Alfred added more …