Why I'd Buy Ethereum Over Bitcoin Right Now
Key takeaways
- BTC-USD ETH-USD SPCX NVDA Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), the world s two most valuable cryptocurrencies, have both declined about 40% this year.
- I believe both cryptocurrencies are still solid long-term investments.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
BTC-USD ETH-USD SPCX NVDA Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), the world s two most valuable cryptocurrencies, have both declined about 40% this year. Investors avoided both tokens amid fears of rate hikes, geopolitical conflicts, and other macro headwinds. Big IPOs, such as Space X (NASDAQ: SPCX), also likely drew more investors away from the cryptocurrency market.
I believe both cryptocurrencies are still solid long-term investments. Bitcoin is a viable hedge against expansionary monetary policies, and Ethereum remains the largest developer-oriented blockchain. However, I m more bullish on Ether than Bitcoin today for three simple reasons.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »