Many people ask me, which crypto is a better investment: bitcoin or ether? Which will survive the longest and holds its value the best? I tell everyone, I don’t have a crystal ball but I always have an opinion. And my opinion changes when I discover new information.
The chart below is very interesting information. It compares Bitcoin’s daily transaction count to Ethereum’s daily transaction count from October 2015 to July 2019. Ethereum outpaced Bitcoin with 750K daily transactions compared to Bitcoin’s 300K during month of July. That tells me more and more people are using the Ethereum blockchain, which is no surprise, due to the increase in smart contracts being deployed.
So which is best? I think that’s the wrong question to ask. Which one should I buy and hold? That might be a better question. I buy and hold Bitcoin as digital gold. I buy a hold Ether for it’s Defi potential (decentralized finance).
Daily TX count BTC (red) vs ETH (purple) Credit: CoinMetrics.io