If you are unfamiliar with Bitcoin (BTC) you can read my blog post about Bitcoin here. Bitcoin is still the best asset to buy in the entire world, and people are still early if they are considering purchasing the cryptocurrency many people refer to as Bitcoin. Over the last two years, the broad investment base has increased its investment in Bitcoin, and this will only continue well into the year 2025. This is one reason why people shouldn’t stop buying Bitcoin, many private businesses or hedge funds that have millions of dollars still haven’t added BTC to their balance sheets. Also, the average price of a stock is substantially higher than the average price of a cryptocurrency. Currently, the total market capitalization of the U.S. stock market is now more than double that of the U.S. GDP. The returns Bitcoin has provided since its inception relative to the stock market are eye-catching and I expect this to continue for some time. Last week, the Bureau of Labor Statistics revealed inflation hit 8.5% in March, the highest annual rate of increase since December 1981. I speak about how I think stagnation will continue for a period of time in my blog post here. For Americans to fight against inflation they should invest in BTC and hold it until their retirement age. If they are already or close to retirement age, then they should book me for my time! Bitcoin will always be the gold standard in the cryptocurrency industry.
Now that the seasons have come and gone. I have now seen Ethereum evolve from what it was in 2019. The project has improved and is slowly knocking off goals on its roadmap. An Ethereum investor isn’t a dumb cryptocurrency investor by no means. At this present time, I think there are other options for new cryptocurrency investors. Many people describe Ethereum as an App Store or the internet or building on Fifth Avenue in Manhattan during the roaring 1920s…. Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It’s a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications anybody can use. There are new cryptocurrency projects that may give investors a higher return than investing in Ethereum in 2022 or 2023. XPR and FTM are two projects that may rival Ethereum one day. I’m not even mentioning Avalanche or Dag those projects will be mentioned when time permits itself. Ethereum recently announced that their difficulty bomb will be postponed again, and their marketing team decided not to call their huge update Ethereum 2.0 leaving it as simply still Ethereum. There are many promises that the Ethereum team is working on completing but it has taken them a lot more time than they have led on. In the end, nothing will change the gas fees associated with the network, and for this reason alone I have started to invest in other projects that don’t use the Ethereum blockchain. Time will tell if I’m right, but lookout for the number of addresses associated with XPR and FTM to continue to increase as we get closer to the next halving of Bitcoin in 2024.
