Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: KKH84 on November 23, 2020, 09:19:12 AM
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Most people believe that the Bitcoin rally was driven by the influx of huge institutional money into the crypto market. As a thick cloud of uncertainty still weighs on the financial system in light of the global pandemic, more and more investors in traditional finance are flocking to the crypto market today.
On the other hand, ETH's underperformance compared to Bitcoin can be attributed to the fact that institutional capital is pushing the Bitcoin price higher due to the hugely popular digital gold narrative.
But a major Ethereum investor who goes by the name Tetranode has suggested that the issuance of PoS and EIP-1559 will result in negative inflation. Because of this, Ethereum will beat Bitcoin to become the superior version of digital gold, and the institutional investors currently observing will position themselves in ETH. What do you think?
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The popularity of bitcoin is largely growing due to the expectation that bitcoin will continue to rise in value and reach very high price values. The future of bitcoin depends on this. The situation with ethereum is completely different. The focus here is on improving the functionality of this coin. Given the realities of the market, I think that over time, Bitcoin will gradually give up its positions. However, the price dominance of one cryptocurrency is unlikely to continue. There should be several leaders and this will be very well reflected in the overall operation of the cryptocurrency market.
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I think It will take several years again bro, the popularity of bitcoin is so high. Bitcoin is the King and I see bitcoin has high demand and limited supply. I think It is the reason why bitcoin always has high price and not be replaced by altcoins. Ethereum is very potential and Not as popular as bitcoin.