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Bitcoin vs. Ethereum

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Lately, it seems as though Bitcoin (BTC) is getting all the headlines, although mostly these headlines consist of (legitimate) concerns about its volatile nature.

What About Ethereum?

The differences between Ethereum and Bitcoin have recently caught the attention of major market players such as Goldman Sachs, which recently noted to investors that Ethereum (ETH) has a good chance of surpassing the $660 billion market capitalization of cryptocurrency giant Bitcoin (BTC).

According to Goldman, due to its real-world applications and ability to store value, the Ether network shows more promise and potential. In a way that legacy cryptocurrencies such as BTC cannot, Ethereum represents the future of programmable money and smart contract integrations within the existing financial infrastructure alongside various cutting-edge innovations.

Will Ethereum Surpass Bitcoin?

Because the Ether network supports the development and creation of new applications on its infrastructure, it’s potentially a more valuable resource in the long term – this is evident by the much higher utilization rate for ETH, which had far more transactions than BTC in the last 12 months.

Simply put, decentralized applications (dApps) built on ETH are booming – specifically, decentralized finance (DeFi). This fact is nothing but good news for the Ether network and will continue spurring growth alongside further mainstream adoption.

Further, investors have been bullishly eyeing Ethereum over BTC as of late in anticipation of the Ethereum Improvement Proposal, otherwise known as the EIP-1559 upgrade.

Final Thoughts

Ethereum represents a sustainable, function-oriented approach to cryptocurrency that will support the future of DeFi. But many people remain on the sidelines, waiting for government regulatory action.

While long-time cryptocurrency investors bemoan the thought of regulation limiting the freedom currently available in the market, big investors and companies see the inevitable implementation of such regulations as a source of stability that could lead to mass adoption.

As a whole, many see these changes as good – when the markets are regulated, they become safer for everyday users to participate.

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