Is Bitcoin Or Ethereum A Better Investment Over The Next 10 Years?

hi there welcome to this Ready Set crypto video today we'll be talking about the two biggest cryptos out there Bitcoin and Ethereum and which are better for your investment long term Bitcoin just broke 11,000 and Ethereum just broke 500 so these are very exciting days for crypto and we're just getting off the ground.

so if you're watching this video maybe you're a seasoned crypto trader or maybe you're new to this perhaps you're curious about crypto and looking where to start putting your money crypto is the Wild West things happen very fast and often times without reason and so you don't want to micromanage this stuff and you don't have to take on too much risk to start you're only investing what you're ready to lose perhaps you'll diversify into all coins once you're ready to take on more risk but for now you just want to build up a core portfolio of the blue-chip cryptos it makes sense that they're least risky cryptos are those with the largest market cap Bitcoin and Ethereum are the biggest two by far so parking some money with them is a great idea if you just want to get in and watch your money grow without having to take on too much risk crypto hasn't even been around for ten years so who's to say where we'll be ten years from now but the most likely thing is that these two will still be in existence maybe they'll shrink maybe the crypto bubble will pop maybe another coin will dethrone Bitcoin at last maybe it'll be a coin that doesn't even exist yet the point is 10 years from now crypto is gonna look very different but investing in Bitcoin and Ethereum is about the safest bet you can make so which one do you go with which is the better investment on a scale as long as ten years out while both Bitcoin and Ethereum are powered by the principle of distributed Ledger's and cryptography and both use the blockchain the two differ and many technical and philosophical ways for example the programming language used by a theorem is Turing complete whereas Bitcoin is in a stack-based language that isn't Turing complete a turn complete language means that anything can be done with it given enough time and computing power what this boils down to is that bitcoin is primarily used for a specific purpose the store and transfer of value but due to scalability issues we really only see it used for the former today a store of value you know sometimes people refer to Bitcoin as digital gold on the contrary Ethereum has a broader base to build on and a broader market to enter as it isn't locked into just being a value transfer ledger you know this is where you might hear the analogy of Ethereum as tcp/ip basically what makes the internet work and in comparison Bitcoin is email one is very general use and the other is very specific although Bitcoin could be built upon to allow the functionality that etherium has it would probably be very clunky remember that bitcoin is the oldest and largest crypto and making any changes even small ones has proven to be hard because the consensus on the network is not easy to achieve and as such Bitcoin has gotten slow and requires expensive transaction fees.

so this is why we've seen a rise in recent years of cryptos that are Forks or copies of Bitcoin that iterate or improve upon its structure in just about every conceivable way you know litecoin Verte coin nav cone - coin Bitcoin cash these are all cryptos that improve upon the original Bitcoin protocol in different and interesting ways but the important thing is that they're not Bitcoin of all the cryptos bitcoin is really the only household name and even then you'd be hard-pressed to find even a few people on the street to tell you just a few things about Bitcoin so again bitcoin itself is revolutionary and the movement it started is going to have a lasting impact on how we look at money and government-issued currency and economies you know it's a paradigm shift but bitcoin isn't much more than that it's a digital currency and a store of value so that's why a theorem is an exciting addition to the crypto space theorems blockchain technology is being used to create applications which are beyond just supporting a digital currency Ethereum is a decentralized software platform that enables a lot of really cool the two most prominent being smart contracts and distributed applications or gaps these are able to be built and run on a theorems blockchain without any downtime fraud control or interference from a third party a very Amit as a platform which facilitates peer-to-peer contracts and applications via its own currency vehicle remember that Ethereum is turing-complete so this gives developers a ton of flexibility with what they can build check out the list of ERC 20 coins just to get a sense of how vast the etherium network has grown in a short amount of time according to the guys behind Ethereum you can use the currency to codified decentralized secure and trade just about anything this is why a theorem is a big deal and why people refer to it as blockchain 2.0.

etherium breaks the blockchain out of a singular mold and allows it to be applied to areas outside FinTech Ethereum wants to essentially be a new layer of the Internet in which decentralized apps are run this is huge a theorem has so much potential you know so those are all very positive things about Ethereum but if theorems undertaking is much more ambitious than Bitcoin Bitcoin represents a revolutionary change to the way the world uses and stores money but that revolutionary change was created with the blockchain the only major thing in the way of Bitcoin becoming used on a global scale as well.

scaling it scaling is a big hurdle for blockchain but a theorem has a whole lot of other problems to solve in order to succeed while bitcoin is climbing the mountain of becoming both the next big asset class for investors you know being digital gold as well as some sort of global payment system a theorem has a different and likely more difficult mountain to climb a theorem is an advancement based on the principle of block chain that supports Bitcoin.