Cryptocurrency never ceases making headlines these days! And for good reason, as the bitcoin and cryptocurrency marketplace price has soared over $2 trillion. That’s a lot of’money!
Earlier this week, BTC Maximalist and CoinDesk columnist Nic Carter predicted that Ethereum could overtake bitcoin.
Let us face it, most the working class can’t afford to purchase half a Bitcoin. Whereas the majority of people need to be able to afford at least half or maybe a complete Ethereum coin.
Well, besides Ethereum’s obvious worth over Bitcoin, what else can drive it to overtake bitcoin?
Well, let us turn to Billionaire Mark Cuban for a few replies.
Laura Shin interviewed Cuban on her Podcast’Unchained’ about how Ethereum may be a better store of value than Bitcoin and that is what he explained.
‘I believe that the applications leveraging smart contracts and extensions Ethereum will dwarf bitcoin. Bitcoin, now, has evolved to become mainly a store of value, also it is rather tricky to use it for whatever else. You really have to work a great deal harder on bitcoin than you do on Ethereum.’
Cuban also clarified that he expects Ethereum’s long-awaited 2.0 upgrade will spark the evolution of apps that’dwarf’ bitcoin.
This prediction coming from a guy who once said he’d’rather have bananas compared to bitcoin,” and asserting crypto is’too complex’ shouldn’t be ignored.
On the other hand, that the Dallas Mavericks owner has since befriended cryptocurrencies, praising the emerging decentralized finance space. The EDI is primarily constructed on top of the second-largest cryptocurrency following bitcoin, which will be Ethereum.
The cost of bitcoin has famously soared around 700% over the past 12 months. And now cryptocurrencies have continued to climb since Elon Musk continues with his somewhat funny tweets (which actually move the price of bitcoin) and super billionaire Jack Dorsey providing it their seal of acceptance.
Furthermore, Wall Street giants also have begun rolling out bitcoin providers , together with Mastercard and PayPal jumped about the bitcoin ritual also.
Something which’s gained quite a lot of grip lately is that large Investors are concerned that inflation may be on the edge of undermining the worth of traditional currencies like the US dollar and this has further pushed interest into if bitcoin can possibly counteract rising costs.
‘Cryptocurrency’s history is too short to judge whether it can offer protection against rising prices’
On the other hand, the huge bitcoin cost rally has been jaded by Ethereum and various other cryptocurrencies, together with the Ethereum cost adding a staggering 1,100% since April 2020.
Cuban also told Shin, and this possibly outweighs in importance and clarity of what he said before.
‘ In a couple of years, I believe Ethereum and two or another blockchains are going to have their location, and people are the champions ,’ Cuban stated, adding that he is not about to market his bitcoin but that he will’possess a great deal more’ Ethereum than bitcoin.
In the meantime, perhaps picking a cryptocurrency to invest in must be determined by your present financial circumstances and exactly what you can afford to spend.
So, weighing up whether to get bitcoin or even Ethereum is largely a personal choice now.
According to Cuban, we might not know which of the two cryptocurrencies hold more value until at least 2022.
Any investment should always be backed up with appropriate research. Always consult a financial expert and research, research, research! You may never do enough personal research into where you’re investing your hard-won cash!!
Note: The writer is not a financial pro, and this article isn’t meant to offer any financial information. The exerts within this article were sourced from respectable sources and senior financial experts in the Cryptocurrency area.