Bitcoin or Ethereum: Which is the better investment?
Bitcoin (BTC) and Ethereum (ETH) continue to dominate the thousands of cryptos that have flooded the market in recent years. Seasoned crypto investors consider them as among the most stable investments in a highly volatile market.
While both are trading below their peaks, their current values are way above where they stood in previous years. As of writing, BTC was trading at around $42,984, while ETH was at $2,887. So, how do BTC and ETH fare in comparison with each other?
What is Bitcoin?
Launched in 2009, Bitcoin is a cryptocurrency based on blockchain technology that was created by a still-unverified person or group of persons referred to in the media as Satoshi Nakamoto. It is the largest crypto by market value at around $825.18 billion. At one point during the crypto boom, Bitcoin made up nearly 87% of the overall crypto market in 2017. While it slid to around 40% by February 2022, Bitcoin’s market share continues to dominate the cryptoverse.
Pros of investing in Bitcoin
Experts often regard Bitcoin as the digital version of gold because of its finite supply. The total supply of Bitcoin is capped at 21 million, of which nearly 19 million have already been mined. This scarcity helps the token maintain its value.
Bitcoin also does not incur banking fees that are often linked with fiat currencies, which means zero overdraft and returned deposit charges, as well as no maintaining balance.
Many establishments now accept Bitcoin as a form of payment. For international transactions, Bitcoin charges lower fees than conventional wire payment transfers because it does not req