Bitcoin Still Reigns: Traders Prefer Bitcoin Over Ethereum, Survey Shows (2024)

FAQs

Why is Bitcoin better than Ethereum? ›

Bitcoin remains focused on refining its role as digital gold, a secure and decentralized currency, while Ethereum evolves towards a global, decentralized platform for applications and contracts, aiming for broad scalability and functionality enhancements with its ambitious Ethereum 2.0 upgrade.

Bitcoin, it found, is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000. On the flip side, the average lowest price Bitcoin could hit by the end of 2024, is seen as $35,734, the report said, with some predicting it will fall as low as $20,000.

Ultimately, investing in bitcoin is a personal decision, whether you're buying ETFs or actual digital coins. If you decide to invest, you should have an already diversified portfolio of assets like index funds. You typically don't want to invest money in speculative assets you can't afford to lose.

Experts acknowledge that due to several use cases and its unique blockchain, Ethereum has a stable future, and there is a chance it may perform exceptionally well compared to Bitcoin. However, it is considered highly unlikely for Ethereum to surpass the price of Bitcoin.

Between bitcoin and ether, I don't believe there is a bad option if you're looking to gain exposure to the leading platforms and assets of Web3. But, with sound fundamentals and several upcoming catalysts, I believe Ethereum has the edge.

If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%. Read Next: Bitcoin has jumped another 45% already this year – how much would you need to get started today?

We predict that Bitcoin will hold an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year. By 2030, we predict that Bitcoin could reach a high of $160,000.

In 2025, the projected high for Bitcoin is $110,449, with a low of $61,357 and an average price of $85,903.

A $100 investment in Bitcoin could purchase 0.00607 BTC today based on a price of $16,466.14 at the time of writing. If Bitcoin hits the $1 million price target by Wood in 2030, the $100 investment would turn into $6,070. This represents a gain of 5,970% from now until 2030.

Will Bitcoin go to 100k? ›

Coming off an impressive 2023, when it rose by more than 150%, Bitcoin (CRYPTO: BTC) is shaping up to have an even better 2024.

Max Keiser predicts Bitcoin to be worth $200K in 2024. Fidelity predicts one Bitcoin will be worth $1B in 2038. Hal Finney predicted $22M per Bitcoin by 2045.

Non-productive assets are useful to have in an investment portfolio because they can be useful in offsetting losses or gain, he says. Bitcoin and other cryptocurrencies, however, make for bad non-productive assets given their correlation to the stock market. “Bitcoin doesn't cut it,” he says.

LONDON, Feb 28 (Reuters) - Bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a surge of capital into new U.S. spot bitcoin exchange-traded products fuelled a rally that has reached 42% this month, on track for its largest monthly gain since December 2020.

Portability: Bitcoin can be used across borders, allowing any consumer with an internet connection to participate in the global economy and access financial services. Durability: As it occupies a digital space, a bitcoin can last as long as there is a digital area for it to be stored in.

“Bitcoin is fundamentally different from any other digital asset,” the report said, and other cryptocurrencies are unlikely to improve on BTC as a monetary good because it is the most “secure, decentralized, sound digital money.”

Prominent crypto analyst Capo Of Crypto shared his analysis of Ethereum (CRYPTO: ETH) and the ETH/BTC pair, suggesting that Ethereum and altcoins may outperform Bitcoin (CRYPTO: BTC) in the coming days.