2 days ago · Bitcoin's market dominance increased to %. Bitcoin flirts with $24, Bitcoin recovered from the low of $21, reached on Monday, December 21, and touched the critical resistance of . Bitcoin will lose 50 per cent of its cryptocurrency market share to Ethereum within five years, states an influential tech expert and business analyst. The comments from Ian Mcloed, from Thomas Crown Art, the world’s leading art-tech agency that he established with renowned art dealer, Stephen Howes, comes as Ethereum, the world’s second-largest cryptocurrency by [ ]. “Not only do we think it will rebound considerably before the end of , I believe that over the longer time it will significantly dent Bitcoin’s dominance. In fact, I think we can expect Bitcoin to lose 50 per cent of its cryptocurrency market share to Ethereum, its nearest rival, within five years.
Will bitcoin lose market shareAnalyst: Bitcoin will lose 50% of market share to Ethereum by - CryptoNewsReview
But Mcloed is confident that Ethereum is the superior cryptocurrency, and that it will win out against its biggest rival before the fight is over and crypto becomes the mainstream. Reddit plans to reneable Bitcoin payments on the platform after disabling it in March, as…. Introducing Wrapped Bitcoin, that aims to offer some crossover between the Bitcoin and Ethereum networks Submit your press release here.
Caroline Preece Crypto , News on Sep 18th, at pm. Related Posts. As we know, Ethereum and Bitcoin are not competitors, though as Mcloed points out, Ethereum does offer numerous technological advantages that at present, Bitcoin does not. Now of course, Bitcoin has popularity on its side as well as its obvious notoriety.
However, technology and use value is becoming a much bigger issue, especially with regards to cryptocurrency adoption. It is the cryptocurrencies with the best technology that will cement themselves as a part of the blockchain future at the end of the day, I think this is what Mcloed seems to recognise.
Ethereum is already light years ahead of Bitcoin in everything but price — and this gap will become increasingly apparent as more and more investors jump into crypto. References Business Cloud. You can share this post! Ads by Cointraffic. What was once an asset of uncertainty, is bitcoin becoming less risky as time goes on? Adrian Barkley. Who is the biggest bull in the industry? Recent News Discussing bitcoin at the dinner table.