Lens1000
VIP Contributor
Experts speaks on the popularity of ETH by citing that the ethereum may not be as popular as the bitcoin but it will compete with bitcoin in the long run
In the long run, it is conceivable that ETH can even compete with Bitcoin on the dimensions of scarcity, durability, and unforgeability. Although, it is agreed that the institutional Investors used the bitcoin as a store of value but ether will still compete as a capital assets
Additionally, the Capital partners noted that ETH is set to become a capital asset .Even if other tokens such as stablecoins may replace Ethereum in the future as alternative forms of payments, ETH will still be used by network validators for staking and receiving rewards. Therefore, ETH will likely accrue value from demand like a consumable commodity and capital asset.
Ether was made to be better and supersede the bitcoin in terms of technology and to compete favourably with the bitcoin in the cryptocurrency market, but unfortunately, ETH never meets up, because the bitcoin is far ahead .
Do you see ETH competing with bitcoin?
In the long run, it is conceivable that ETH can even compete with Bitcoin on the dimensions of scarcity, durability, and unforgeability. Although, it is agreed that the institutional Investors used the bitcoin as a store of value but ether will still compete as a capital assets
Additionally, the Capital partners noted that ETH is set to become a capital asset .Even if other tokens such as stablecoins may replace Ethereum in the future as alternative forms of payments, ETH will still be used by network validators for staking and receiving rewards. Therefore, ETH will likely accrue value from demand like a consumable commodity and capital asset.
Ether was made to be better and supersede the bitcoin in terms of technology and to compete favourably with the bitcoin in the cryptocurrency market, but unfortunately, ETH never meets up, because the bitcoin is far ahead .
Do you see ETH competing with bitcoin?
