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International Business Times

Business

Marvie Basilan

EXPLAINED: When is the right time to convert eth to btc executive s move divides community | Rare Historical Photos

Vik Sharma Bitcoin Ethereum Crypto Benjamin Cowen Donald Trump United States Coinbase

Bitcoin and Ethereum are the world's largest cryptocurrencies by market value. (Credit: Kostenlose Bilder mit KI/flickr)

KEY POINTS

Sharma said he has been holding $ETH since it was trading at $4 but it's finally time to convert the coins to $BTC
Some crypto users believe he should have made the conversion before Bitcoin prices surged
Others said the crypto executive is making the wrong move as Ether will outperform Bitcoin soon

The cryptocurrency community engaged in a significant debate Thursday after Vik Sharma, the founder of crypto wallet Cake Wallet, announced that he and his wife will convert all their Ethereum (ETH) coins to Bitcoin (BTC).

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