Got $5,000? Is It Better to Buy and Hold Bitcoin or Ethereum?
There's a long-standing rivalry between the king of cryptocurrencies, Bitcoin (CRYPTO: BTC), and the coin that many have considered to be the heir to the throne, Ethereum (CRYPTO: ETH).But there aren't actually too many similarities between these two, despite what their competition suggests. And there's a much stronger case for buying a lot of one than there is for the other, so let's dive in and analyze the situation.Bitcoin is both a store of value and to a lesser extent a medium of exchange, fulfilling two of the canonical properties of money. Its value is created by demand from investors who recognize its "scarcity".Continue reading
There's a long-standing rivalry between the king of cryptocurrencies, Bitcoin (CRYPTO: BTC), and the coin that many have considered to be the heir to the throne, Ethereum (CRYPTO: ETH).
But there aren't actually too many similarities between these two, despite what their competition suggests. And there's a much stronger case for buying a lot of one than there is for the other, so let's dive in and analyze the situation.
Bitcoin is both a store of value and to a lesser extent a medium of exchange, fulfilling two of the canonical properties of money. Its value is created by demand from investors who recognize its "scarcity".
