Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

3 Reasons Why Ethereum Is A Better Investment Than Bitcoin, According to Brian Kelly

Posted on juni 16, 2018 by Blockchain News

Brian Kelly, founder and CEO of digital currency-focused investment firm BKCM LLC, believes Ethereum might be a better investment than Bitcoin — and he provided CNBC’s “Fast Money” with three reasons why. 


Ethereum Futures

Firstly, Kelly believes Ethereum futures may just be around the bend, now that the U.S. Securities and Exchange Commission (SEC) has officially decided that ether is and was not a security — thus removing the largest obstacle from the second-ranked cryptocurrency by market capitalization’s patch to institutional investment.

Kelly stated, regarding the SEC’s decision:

So one would think, perhaps, ethereum futures are not far off. They already have an ethereum index.

*CBOE SAYS SEC’S COMMENTS REMOVES OBSTACLE TO ETHER FUTURES

— Brian Kelly (@BKBrianKelly) June 14, 2018

Kelly fails to mention, however, that the launch of Ethereum futures might do more to hurt the price of the second-largest cryptocurrency than help it.

Since the launch of Bitcoin futures contracts, the price of the first and foremost cryptocurrency has plummeted — with many blaming the investment instruments for manipulating market prices.

Augur

Secondly, Kelly cites the augur platform as one of the primary reasons Ethereum could see accelerated growth when compared to Bitcoin.

As described by the analyst:

It’s a decentralized prediction market. What’s interesting about this [is that] this will probably be one of the biggest decentralized apps on top of ethereum. If [augur] doesn’t slow the system down, that can generally be a positive for ethereum.

Proof-of-Stake

Finally, Kelly sees Ethereum’s eventual upgrade from hardware mining to software mining as a driving factor for the cryptocurrency’s continued growth. He explained:

They [will] go from hardware mining, proof of work, to something called ‘proof of stake,’ which is similar to a software mining.

Ethereum creator Vitalik Buterin also recently explained that Ethereum’s scalability improvements of both layer one and layer two solutions will eventually multiply each other — eventually improving the number of users that the system would be able to handle, adding a maximum safe capacity of another 100x. He stated:

If you add 100x from Sharding and 100x from Plasma, these two together basically give you a 10,000x scalability gain.

What is a Better Investment, Bitcoin or Ethereum?

Still, it bears mentioning that Bitcoin and Ethereum aren’t exactly in competition with one another. Upgrades to the Ethereum platform would likely serve more to hamstring competitors like EOS, while Bitcoin would remain the primary cryptocurrency for both value transfer and value storage.

What do you think about Brian Kelly’s points? Do you think Ethereum is a better investment than Bitcoin? Let us know your thoughts in the comments below! 


Images courtesy of Shutterstock, Twitter/@BKBrianKelly, Bitcoinist archives.

The post 3 Reasons Why Ethereum Is A Better Investment Than Bitcoin, According to Brian Kelly appeared first on Bitcoinist.com.


Source: Bitcoinist.com
Original Post: 3 Reasons Why Ethereum Is A Better Investment Than Bitcoin, According to Brian Kelly

Ledger Nano X - The secure hardware wallet

Recente berichten

  • Portugal Congress Party Disapproves The New Bill About Taxing Cryptocurrencies
  • Terra to burn 1B UST from the community pool as holders vote for it
  • Crypto Analyst Says Altcoin Bulls Are Taking a Dangerous Gamble As Bitcoin Dominance Surges – Here’s Why
  • Draft bill to ban China’s digital yuan from US app stores
  • Binance to Advise Kazakhstan on Crypto Regulations

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©2022 Blockchain News Feed | Design: Newspaperly WordPress Theme