Bitcoin and Ethereum are the two largest cryptocurrencies on the market with a market capitalization of over $ 1.2 trillion. The two coins have brought significant benefits to shareholders over the last decade.with this Bitcoin vs Ethereum Peace, we identify what is a better investment for long-term investors.
Bitcoin vs Ethereum
Bitcoin and Ethereum are blockchain projects with different goals. BTC was designed as an alternative currency, but Ethereum was built using smart contract features. As a result, many developers have used the Ethereum platform to build decentralized products such as Aave and Uniswap.
In terms of performance, the two have achieved remarkable results over the last decade. And if you look closely, you can see that there is a close correlation between the two. Bitcoin has risen by about 18,700% since 2015, while Ethereum has risen by more than 22,000% over the same period. This means that Ethereum was a better investment than Bitcoin.
For Bitcoin
There are several reasons why many investors believe that Bitcoin is a better investment than Ethereum. First, as the first cryptocurrency on record, Bitcoin has a better brand name than Ethereum. This explains why many institutional investors prefer to hold it on Ethereum. Second, it has a limited supply, which means it will continue to be rare over time.
Third, BTC is considered digital gold and explains why so many people are investing in BTC. And finally, Bitcoin is an autonomous organization managed by the community. Ethereum differs because of the role that the Ethereum Foundation plays.
For Ethereum
On the other hand, when comparing Bitcoin and Ethereum, many inventors strongly believe in Ethereum for several reasons. First, they believe that Ethereum has more use cases than Bitcoin.
For example, this platform is widely used in the DeFi, Metaverse, and NFT industries to build decentralized applications. Examples of major Ethereum apps are Uniswap, OpenSea and Aave. Therefore, as these industries grow, the price of Ethereum will continue to rise.
Second, Ethereum is addressing the issue of carbon dioxide emissions by moving from the Proof of Work Network to the Proof of Stake Platform.This process is underway and analysts are merging Third quarter of 2022.. Therefore, Ethereum is more attractive to ESG-focused investors.
Third, Ethereum has some additional features that Bitcoin lacks. Most important is the staking at Ethereum 2. As a result, you can make money just by buying and holding coins.
Therefore, because of these features, I believe Ethereum is a better investment than Bitcoin, in my opinion.
