Bitcoin Or Ethereum? | Which One Is Better
Bitcoin or Ethereum? This is the best crypto investment of the two
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Bitcoin or Ethereum, which one should you buy and invest in? Regardless if you like passive income, dividends, the stock market, or which brokerage you use (Robinhood, WeBull, M1 Finance, Vanguard, etc.) this is something you should know about before investing your money. First, let’s see how Bitcoin and Ethereum are similar.
They’re both considered cryptocurrencies, both are investments people like to speculate on by buying and selling on brokerages like Gemini and Coinbase, both were born using blockchain technology, and both of them are what’s considered decentralized mediums of exchange. But in a lot of ways, they’re very different. Let me separate the fact from fiction and let’s begin with the one that everyone seems to be talking about right now, the one that is sky rocketing in price – Bitcoin.
To understand the importance that Bitcoin is about to have in the near future, we have to travel back to the past – to 1964. A Russian Physicist by the name of Nikolai Kardashev, came up with a scale of measuring the output of a planets energy. We then used his creation, as a scale for finding civilizations outside of Earth. He described 3 main civilization types. Type 1, Type 2, and Type 3 civilizations. So here’s the breakdown of what each one means.
Type 1: an interplanetary civilization capable of harnessing the sun’s energy, and controlling the weather of the planet.
Type 2: A stellar civilization that has full control over the sun’s energy output via something called a Dyson Sphere. A type 2 is immortal because this species can colonize other planets.
Type 3: Galactic. This is a civilization that can travel to galaxies and harness the energy of the black hole.
On this scale, we are type 0. Technically we’re .7 but we’re moving toward becoming a type 1. For example, the planetary language is English, that’s a type 1 language. Type 1 communications is the internet and the smart phone, a type 1 culture is also very similar to what we see globally inspired by Hollywood and social media. The next step is a type 1 money system, and that’s where crypto comes in. Both Bitcoin and Ethereum want to achieve different results.
Bitcoin wants to be the store of value which means it’s competing with gold. The market cap of gold is around $10 trillion. If we take the market cap of Bitcoin (roughly $700 billion) and divide the two, we get a factor of roughly 14. Take that and multiply 14 by the current price and we get a per coin value ($39,000) of roughly $557,000. That will happen this decade. However, inflation will also increase the price of other assets like stocks and real estate as well.
Ethereum on the other hand wants to be what economists call M1 money, the global physical currency in circulation (coins, etc.) The market cap of M1 is much larger than gold’s, however, because Ethereum does not have a fixed supply like Bitcoin, its price per coin will most likely not exceed Bitcoin’s. However, the market cap can and most likely will. Ethereum will disrupt many industries in the near future with its smart contracts by creating DAOs, decentralized autonomous organizations. Imagine companies that can exist without any kind of management.
Think of buying a house right now. You have to go through a bank, you have to find a real estate agent that has to show you houses, who then speaks to the sellers agent, who then speaks to the buyer and negotiates the final price and then there’s middleman companies like escrow and so and so forth. That is insanely complicated over something that could be literally as simple as creating a listing on a decentralized website that is locked to an ethereum based smart contract. This is just the beginning. The price of Ether can go upward of $10,000 by 2025. Neither of these cryptocurrencies are trying to accomplish the same thing, they are both very powerful and integral to our future economy.
*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
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30 comments
Andrei Jikh February 23, 2021 7:33 am
Logan Paul 'bout to fight Bitcoin next. Stay tuned 😛
dianaholish February 23, 2021 7:33 am
I've been watching you for about a year now. I enjoy all of your vids, but this one is the one with the most interesting and mind blowing content in my humble opinion. Thank you!
Elaine Fleur February 23, 2021 7:33 am
THE RICH STAY RICH BY SPENDING LIKE THE POOR AND INVESTING WITHOUT STOPPING THEN THE POOR STAY POOR BY SPENDING LIKE THE RICH YET NOT INVESTING LIKE THE RICH.
Troyphy February 23, 2021 7:33 am
Someone is probably going to build a time machine just to go back to when bitcoin first came out lmfao and then someone is going to find his time machine and sell it for a couple trillion dollars
Zak Teigen February 23, 2021 7:33 am
loading up on eth. thank you
rose carisma February 23, 2021 7:33 am
Pls help me to be a millionaire too.
David Tran February 23, 2021 7:33 am
Final fantasy references, yugioh jokes, magic tricks with energy cards. That’s more than enough to sub 😂
auomauom February 23, 2021 7:33 am
XLM
留美生活你想知道的事 February 23, 2021 7:33 am
The hard company byerly spare because shark alternately cover following a puny flock. busy, rainy trade
mohmuizzuddin yusoff February 23, 2021 7:33 am
Let's say I have $1000 now. If I wanna play safe should I invest $500 on BT and another $500 on Ether? I'm a beginner
Francisco J. Ruiz López February 23, 2021 7:33 am
Great video. But one question: Who decides how many etheriums are out there?
Teste Bit February 23, 2021 7:33 am
Elon musk putting 1.5 billion of Tesla’s money into bitcoin actually forced hedge funds and pension funds etc into bitcoin as they are all invested into bitcoin and interconnected into bitcoin through Tesla :)this is actually why am woking with EXPENDABLEMONEYSOLUTIONCOM for bitcoins investment
Raymond Sam February 23, 2021 7:33 am
That AP tho 🤑
Jose d94 February 23, 2021 7:33 am
Bitcoin will be obsolete when a better a improved ctypto is created. It just has too many issues to become mainstream as currency or store of value. For example, it makes no sense that you lose your money forever if your password is forgotten or stolen. Is that what Bitcoin fanboys call reliability and security? Blockchain is the future. Bitcoin is just the first and wrong try.
Krister Turøy February 23, 2021 7:33 am
You’re really funny, Andrei. And smart. I’m learning a lot from you!
FloridaRaider February 23, 2021 7:33 am
We won't become a type 1. We'll fuck things up well before then.
simkhael soewanto February 23, 2021 7:33 am
This is great thank you i'm from south east asia
Timber Dude February 23, 2021 7:33 am
What kind of nice light is that behind you?
harry ass monkey February 23, 2021 7:33 am
PUNDI X!!! Hold long because this is an amazing project with huge potential! Also, they are doing a token burn soon which will be incredible for investors! Let's land on pluto and get them GAINS!
G Spizzo February 23, 2021 7:33 am
😂😂
G Spizzo February 23, 2021 7:33 am
Love the intro
Brian Sprague February 23, 2021 7:33 am
$500 into bitcoin with today price at $57k Smart move??
Andrew Cartwright February 23, 2021 7:33 am
About bitcoin?*TEXT* 8.1.6-3.1.2-2.2.3.7 ❤️❤️
Dallas Norman February 23, 2021 7:33 am
Andrei,
Recently discovered your channel and have been enjoying your videos. Kudos on calling the Tesla Bitcoin investment. I feel you are one of the YouTube Bitcoin enthusiasts who has a grounded take on long term Bitcoin investments.
I have a question maybe you or one of your other viewers can offer some insight on.
I like Palihapitiya's "1% investment in Schmuck insurance" philosophy and have begun transitioning some long term assets into bitcoin.
I have a bug in the back of my mind; in theory bitcoin is a "finite" resource (no more than 21M can be mined overtime) and this finite principle contributes to its value. But it seems the finite principle is something of an illusion, as I can take a single digital asset and divide infinitely many times. One day $100 is .0001 Bitcoin, the next day $100 is .00001 Bitcoin; you see? there's no end to divisibility of a digital asset, so is it truly finite?
Might this simple principle undermine the notion that Bitcoin is finite and ultimately lead to a long term crash?
MaxMan February 23, 2021 7:33 am
Fascinating. Wish I was interested long ago
RH February 23, 2021 7:33 am
Get XLM
mEtAlMaNiAc787 February 23, 2021 7:33 am
so bitcoin is gold ether is contract. so i guess doge will be cash.
Logan Abigail February 23, 2021 7:33 am
i was able to build a big income stream during the covid-19 pandemic investing with a professional broker, Mr Thomas Anderson
Akis Sot February 23, 2021 7:33 am
etherium but 72m premined, no cap, dropped blockchain for eth clasic etc.. seems shady
Thick- a licious February 23, 2021 7:33 am
Thank you.