Many investors new to digital currency wonder which asset holds the most promise in the long term. Over the next 10 to 15 years, all cryptocurrencies will rise in value, it is inevitable. And according to several analysts, you should buy Ethereum (ETH) which will become the first cryptocurrency in terms of market capitalization after the ETH 2.0 update, leaving bitcoin (BTC) behind. Many other analysts instead believe that bitcoin has a smoother and more secure progression into the future than Ethereum.
Bitcoin was created to serve as a means of storing and transferring value. This cryptocurrency has become a reliable alternative asset. Investing in bitcoin allows you to hold a good supply of this cryptocurrency for years to come.
As proof, bitcoin has experienced unprecedented growth over the past two years (2020 and 2021). It was worth more than 67,600 dollars (61,671 euros) on November 9, 2021. But it’s not the current price that matters, it’s the momentum. Ten years ago, a bitcoin was worth less than a dollar (0.91 euros). You can easily understand that its growth is unprecedented even if its value quickly fell until it stabilized around 42,000 dollars (38,475 euros) in the first quarter of 2022. Given its deflationary model, bitcoin will still increase in value . It is therefore better to buy it by following the guide to buy-bitcoins.fr, for example.
On the other hand, Ethereum is intended to be a decentralized means of payment, not a store of value! Hoarding this inflationary cryptocurrency is not necessarily a good idea as unrestricted issuance will devalue Ethereum, likely like the dollar, over the next 20-30 years. For example, since 1950, the dollar has depreciated by 90% (its purchasing power has gone from 1 to 10 cents).
Users love cryptocurrencies for their security, anonymity, and speed. Ether or Ethereum (ETH) has these three characteristics. Ethereum is more attractive than bitcoin with its faster transaction processing speed. Only 12 seconds compared to 15 minutes for bitcoin transactions. In addition, the Ethereum blockchain is based on a technology that knows how to manage smart contracts deemed fairer and more credible than traditional contracts. https://www.cairn.info/revue-realites-industrielles-2017-3-page-98.htm
In 2011, the volume of transactions on the Ethereum network reached 10,556 billion euros against 9,464 billion euros on the Visa network and 4,186 billion euros on the bitcoin network. Moreover, the issuance of Ether is not restricted and remains driven by market dynamics!
Ether was worth 0.031 dollars (0.028 euros) on July 22, 2014. Its price exceeded 100 dollars (91 euros) on May 5, 2017 before reaching 1389 dollars (1264 euros) 8 months later. Two cryptocurrency specialists estimate that Ethereum could reach 150,000 dollars (136,500 euros) by 2023, just like bitcoin.
This is an important caveat, and as all of cryptocurrency history shows, volatility is in the tens of percent per day. And yet, in the context of a decade, bitcoin and Ethereum have grown tremendously. Practice shows that projects whose investments are approached taking into account the situation show long-term growth. Since these are long-term investments rather than day-to-day transactions, buying bitcoin and Ethereum and many other cryptocurrencies can be very profitable albeit risky. Specialists then advise investing a reasonable amount (a fifth of your savings, for example) that you can afford to lose without breaking the bank.