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Brian Kelly, the founder, and CEO of an investment firm focused on digital currencies BKCM LLC, believes that Ethereum will be a better investment than Bitcoin.
Brian Kelly, from his point of view, points out the following reasons:
👉1. Ethereum Futures Contracts First, Kelly believes that Ethereal futures contracts or ETH Futures will soon be launched, as the US Securities and Exchange Commission (SEC) has officially decided that the Ether is not a security. This action has removed the biggest obstacle for Ethereum – The 2nd ranked coin in market capitalization to institutional investment.
However, what Kelly does not mention is that launching the Future Ethereum could more likely to pull down the price of this second-largest cryptocurrency rather than help it.
Since the launch of the Bitcoin futures contract, Bitcoin’s price has plummeted and many blamed the use of investment tools to manipulate the market for this decline.
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2. Augur Secondly, Kelly pointed out that the Augur platform was one of the main reasons for Ethereum's rapid 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."
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3. Proof-of-Stake ProtocolFinally, Ethereum's upgrade from hardware mining to software mining will drive the continued growth of the cryptocurrency.
Ethereum creator - Vitalik Buterin, also recently explained that Ethereum's scalability improvements to the layer solutions will multiply one to another - improving the number of users that the system can handle, which increase the processing capacity of up to 1 million transactions per second.
However, this refers to the fact that Bitcoin and Ethereum are not fully competitive. Upgrading the Ethereum platform is likely to serve more of a rivalry between competitors like EOS, while Bitcoin will remain its top position in transferring and storing value.
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As a Rothscoin investor, what do you think? if you saying anything about the ethereum will be the better currency but Bitcoin is always more than that in all the qualities so he will not repeat this fact anywhere and both these currencies had breakfast so we need to use both of the development also