Bitcoin vs Ethereum for the best investment and the answer depends on how long you want to invest. 💰 Get up to $250 in Bitcoin signup bonus on BlockFi https://mystockmarketbasics.com/blockfi
Bitcoin is the most popular cryptocurrency but it may not be the best investment going forward. Now I’m not saying you won’t still make a LOT of money investing in bitcoin but if you knew which one would be the better investment, bitcoin vs Ethereum, wouldn’t it be nice to know?
In this video, I’ll show you the similarities and differences between bitcoin and Ethereum. I’ll explain the two cryptocurrencies and give you a price analysis for each. Then I’ll reveal which is the better investment for short-term investors and which will win out over the long-run!
Don’t miss my full bitcoin price analysis and prediction in our first video! https://youtu.be/hrTVtv-caiE
Watch this video for price analysis on Ethereum and 6 other Cryptocurrencies! https://youtu.be/8IYNyn-QB_M
Bitcoin and Ethereum are both digital currencies, tokens developed and accounted for on the blockchain ledger technology…but that’s where the similarities end. Bitcoin is a limited token with about 21 million now in circulation while there are more than 100 Ether and no limit. That plays a big role in the price difference between the two.
More importantly though is the primary reason the two cryptocurrencies were developed. Bitcoin was created to act as a digital currency, as a mode of transaction and a store of value. While Ethereum can be used for that purpose, the primary reason for its creation was to facilitate app development for business uses of the blockchain.
That difference in use is going to be the biggest driver in prices and returns in the future. There are more developers using the Ethereum platform than any other crypto. As businesses adopt the blockchain technology, that could drive the price of Ethereum well beyond that of bitcoin for the highest return. That’s the long-term case…but what about the short-term? Check out the video for a price prediction and analysis for both cryptos and our bitcoin vs Ethereum grudge match!
The video is in partnership with BlockFi and I just started using the high-interest bitcoin platform and will be transferring my own bitcoin to BlockFi. Besides the industry-leading security and ease of investing in cryptocurrencies like bitcoin, Ethereum, Litecoin and stablecoins, you can earn up to 8.6% interest on your crypto. I’m really excited about the bitcoin credit card but there’s a huge waiting list so don’t wait to sign up here https://mystockmarketbasics.com/blockfi
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1:57 Bitcoin vs Ethereum Similarities and Differences
2:25 What is Bitcoin?
2:50 What is Ethereum?
3:02 How are Bitcoin and Ethereum Different?
3:39 Bitcoin Price Prediction
4:51 Ethereum Price Prediction
6:19 Which is the Better Investment, Bitcoin vs Ethereum?
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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