Ethereum or Bitcoin?

Ethereum or Bitcoin? That seems to be on everyone's mind when seeking out new investments. One that hasn't been slowing down with Bank of America statistics putting 2021 venture capital investments in digital assets at $US17 Billion. When compared to last year's investment of only $US5.5Billion that is some serious significant growth Source

With the increase in venture capital indicating that more investors are warming to digital assets what digital asset are people turning too?

Market research

According to research undertaken by Coinshares has identified that Ethereum is on everyone's mind compared to previous years which saw a primary focus on Bitcoin Source

42% of respondents believed Ethereum was a better investment opportunity based on its smart contracts and its recent move from Proof of Work to Proof of Stake. This further identifies that the broader community knowledge of digital assets is also growing.

Ethereum's TVL dropped from 98% all time high to 68% but this hasn't prevented more investors picking up Ethereum. Investment options rose from 11% to 26% across the sector.

Bitcoin only had 18% support from the broader community whom believed it was a good investment.

Source

Digital assets believed to be good investments from the research are listed above. You'll notice that Terra (Luna) has commenced appearing on data spread sheets since its Colombus 5 mainnet upgrade.

Investors are also seeking altcoins for investment opportunities and no doubt altcoins provide the ability to get in early and 100x. Imagine buying Ethereum at the 2020 low point which fell under $US100. Purchaind 100 Ethereum at that price would have netted you over a quarter of a million dollars in a year. That's some serious cash.

This has led the Bank of America whom have previously attacked digital assets to alter their position and state that blockchain is now too large to ignore and that the industry is now a new asset class.

Bank of America also focuses more on Ethereum rather than Bitcoin and the main kicker, smart contracts. Bank of America now believes that smart contracts have the ability to power much of the future stating that with a smart contract you'll be unlocking your phone, paying for a house, taking out a loan, save money or even grocery shopping Source

My opinion is that it makes alot of sence as block chain has a lot of security built into it. Unlike traditional internet and connections which enables the ability for Hackers to breach security as everyone is interconnect. Block Chain is a little different in way of everyone is separate on their block chains and as you're already aware many block chains can only engage with itself. Yes, there are bridges and interoperability but what's being shared is a hash not mass amounts of data that Hackers can install malicious software.

Security is far beyond the current internet model and no doubt banks are starting to see the benefits. As blockchain still operates through traditional Web services which is how you're reading reading post, you can not access this post without my unique key and alter it in anyway.

More Nations to legalise Bitcoin

This comes as more nations begin to explore Bitcoin as legal tender with Brazil now dancing with the idea Source.

The possibilities and benefits of Bitcoin for smaller economies is significant. It is also an interesting development as for many years the idea of a single global currency has been flouted. But many nations refused to submit their native fiat in favour of an international one.

Even the Euro caused issues on its release. But the nation's exploring legalising Bitcoin tend to accept USD as official payment. Bitcoin is at current mainly traded against USD or valued against it. However, it often holds its own against the USD which will prove interesting in the future if the USD value drops, Bitcoin in theory should rise. But that's yet to be proven or seen.

On the point of NFTs though, Bank of America have significant concerns especially when looking at initiatives such as Loot which saw massive prices for words on a black background Source

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