I hear a lot of voices saying that BTC's price will go through the roof when the monetary system goes down.
I've heard predictions of BTC going 4x in 2024. Others say 33x in years to come.
Is there any estimated guess on how high Ethereum can go?
While the growth of BTC depends on the loss of confidence in regular currencies (dollar, euro..) it seems that the growth of ETH is not dependent on this.
I often hear people talk about BTC value explosion, while it seems that growth of ETH price is more gradual and linear. So basically a lower expected return on investment.
Also, after BTC surviving for more than 10 years and not even the Chinese government being able to stop it, I am quite confident it can not be stopped.
But can ETH somehow be stopped? Confiscated or devalued when exchanges are attacked
The investment I can afford right now is 1 BTC and 1 ETH.
I barely have fixed costs for the next 2 years so I can slowly stack up.
But I don't know if the same amount is better invested in let's say 0.5 BTC and 5 ETH. That will depend on growth potential and safety
Also if the government somehow finds a way to attack BTC, owning 5 ETH can compensate for the other investment that didn't work out.
I would like to diversify, but don't find many suited options to diversify in.
As of today:
BTC VS ETH PERFORMANCE: 2018-2023 (5 YEARS)
BTC = 196.34%
ETH = 166.78%
BTC has outperformed ETH if you consider the past 5 years. If you took $10,000 and bought just BTC exactly 5 years ago you would have had a better return on your investment if you just held it.
BTC VS ETH PERFORMANCE: 2020-2023 (3 YEARS)
BTC = 266.20%
ETH = 875.05%
ETH has outperformed BTC if you consider the past 3 years. If you took $10,000 and bought just ETH exactly 3 years ago you would have had a better return on your investment if you just held it.
Note, at any given time frame these values change. BTC is the ultimate performer since inception since it started out below $1. But those days are long gone. So moving forward ETH could be outperforming BTC. If the SEC sues the Ethereum Foundation and tries to claim that ETH is a security then it could harm the price of Ethereum in a similar way XRP was held back by their lawsuit. If most governments become critical of POW mining it could affect BTC.