Why Ethereum Will Squash Bitcoin In The Long Run
发布时间 2021-06-02 19:00:07 来源
摘要
Since the introduction of Bitcoin in 2009, Bitcoin has been by far the most dominant cryptocurrency on the market in terms of market cap. During the 2017 bull cycle, Ethereum came pretty close to matching Bitcoin’s market cap peaking at 72% of Bitcoins market cap. Since then, Ethereum’s market cap in comparison to Bitcoin has declined to about 40% today. Looking forward, however, there’s a high probability that Ethereum not only overtakes Bitcoin’s market cap momentarily but permanently. The primary reason for this is Ethereum’s far greater utility with smart contracts and decentralized applications. Aside from being more useful, Ethereum is also much more energy-efficient as it is switching over from the proof of work model to the proof of stake model. Considering this, I believe that Ethereum will evolve into being the digital oil as Bitcoin evolves into being the digital gold. This video explains the various merits of Ethereum and the shortfalls of Bitcoin to illustrate why Ethereum will grow to be much larger than Bitcoin in the long run.
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Timestamps:
0:00 - Bitcoin Dominance
2:33 - Superior Utility
5:27 - Eco Friendly
11:04 - Inflation Rate
12:07 - Digital Oil
Resources:
https://pastebin.com/6mxB97J1
Thumbnail Credit:
https://bit.ly/3c1grrU
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