Bitcoin (BTC) and Ethereum (ETH) are the leading cryptocurrencies in the world today. Bitcoin is closely followed by Ethereum in the crypto standing.
Many analysts have predicted that Ethereum would likely leapfrog Bitcoin as the best digital currency. Several investors have therefore made it an option to buy ETH while Bitcoin holders are increasing by the day.
In this article, we’ll look at the best crypto asset to buy between Bitcoin and Ethereum.
What To Know About Bitcoin and Ethereum?
Bitcoin is the finest form of digital money. It is known as the father of all cryptocurrencies after it was debuted in 2009. Several crypto assets (collectively known as Altcoins) have been created using its template.
Many people may not have heard about Ethereum but Bitcoin is quite popular worldwide. Both are run on blockchain technology where decentralization is made possible.
Ehereum’s coin value is referred to as ”Ether” and like BTC, it can be bought and sold, and used by investors to buy ICO opportunities.
What is the Difference Between Bitcoin and Ethereum?
The difference between BTC & ETH is the fact that BTC is nothing more than a currency. However, ETH is a ledger technology that companies are using to build new programs.
Although both operate on what is called blockchain technology, however Ethereum is far more robust. If BTC was version 1.0, ETH is 2.0, allowing for the building of decentralized applications to be built on top of it.
Why Buy Bitcoin & Ethereum?
There are different reasons why investors go for these crypto assets. Some people buy Bitcoin because they want to store their money in something other than a financial institution.
Some buy BTC as an investment, believing that the price will surge later and earn huge profits. While some people buy BTC as a means of investing in companies that raise money through an ICO.
As for Ethereum, many people are excited about its technology which has the potential to impact projects and processes across all industries. It is also seen as an alternative to the expensive BTC which can also make you earn big.
Which To Buy Between Bitcoin & Ethereum In 2022?
No doubt, BTC is the more mainstream and more stale of the two crypto assets. However, as with most investments, it is possible Ethereum’s higher risk brings with it potential for higher rewards.
Both crypto assets have had a quantum leap in the past years. While BTC has been made a legal tender of a nation, Ethereum network has been the basis for several other cryptos.
It is therefore important for investors who haven’t considered this crypto assets in the past to start investing in them. If you’ll need to diversify your portfolio, BTC or ETH is a good option to consider in 2022.
Also Read : Top Bitcoin Predictions For 2022
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