Crypto expert: This is why Bitcoin will win against Ethereum
- “I've seen my wealth grow exponentially and then collapse by 85 percent three times,” explains US entrepreneur and early Bitcoin investor Dan Held at Token2049 in Singapore. Therefore, it takes nerves of steel to hold a large BTC position in your portfolio.
- Yesterday evening, the BTC price broke through the $120,000 mark for the first time in weeks. This brings the all-time high within reach for the leading cryptocurrency.
- Held sees the lack of elastic supply in Bitcoin, unlike gold, as a primary reason for the significantly higher BTC volatility. At the same time, however, it reinforces the long-term uptrend.
- One of Bitcoin's greatest advantages is precisely this set-in-stone monetary policy, as there will only be 21 million coins in existence. However, this is not the case with Ethereum and other altcoin projects.
- “Ethereum has a group of developers who can always change monetary policy in one direction or the other,” emphasizes the former Kraken director. The similarity to the Federal Reserve and its governing bodies cannot be denied.
- Czech Bitcoin ETF expert Josef Tetek of Trezor also views altcoins like Ethereum, XRP, and Solana as private fiat coins, analogous to established government currencies. Learn more about his work in the BTC-ECHO interview: “ETFs have nothing to do with BTC.”
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