Bitcoin Is at Risk of No Longer Being the Biggest Digital Currency

in #bitcoin • 7 years ago

From Bloomberg

Step aside, bitcoin. There’s another digital token in town that’s winning over the hearts and wallets of cryptocurrency enthusiasts across the globe.

The value of ether, the digital currency linked to the ethereum blockchain, could surpass that of bitcoin by the end of 2018, according to Olaf Carlson-Wee, chief executive officer of cryptocurrency hedge fund Polychain Capital.

"What we’ve seen in ethereum is a much richer, organic developer ecosystem develop very, very quickly, which is what has driven ethereum’s price growth, which has actually been much more aggressive than bitcoin," said Carlson-Wee, in an interview on Bloomberg Television Tuesday. The San Francisco Bay Area-based fund has received investments from venture-capital firms including Andreessen Horowitz and Union Square Ventures.

Read more here: https://www.bloomberg.com/news/articles/2017-05-31/bitcoin-risks-being-eclipsed-by-digital-coin-cousin-ethereum
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#ethereum #cryptocurrency #money #news
7 years ago in #bitcoin by
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     7 years ago 

    it's all very early....it's very possible to have a few BIG winners like ETH abd BTC

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    2 votes
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     7 years ago 

    I like the quote at the end:

    "We’re absolutely still in the infrastructure building phase," Carlson-Wee said. "But I do think within one to two years, we’ll start to see the first viral applications that are user facing."

    Things are getting interesting.

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     7 years ago 

    When ever, was the First prototype the best ?

    Evolution my friends
    Best wishes to knowing who wins :-)

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    My Signature Post ---> Fun & maybe a little Cheeky

    Steem on My Friends !

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       7 years ago 

      Hmmm Betamax may have something to say about being the "best".

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      1 vote
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      [-]
       7 years ago 

      This post has been ranked within the top 50 most undervalued posts in the first half of Jun 01. We estimate that this post is undervalued by $15.71 as compared to a scenario in which every voter had an equal say.

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