356
143 shares, 356 points

Investing giant Goldman Sachs explains that smart contract platforms can surpass Bitcoin (BTC). Stating that new projects have “real use potentials” as the reason for this, the company claims that Ethereum may become an even more dominant store of value in the coming periods. With the reports of Business Insider, we examine the analyzes that are closely related to altcoin investors…

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According to Goldman Sachs, Ethereum could surpass Bitcoin (BTC)

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Adding to its claims that the total market value of Ether may exceed Bitcoin (BTC) in the coming years, the company conveys its predictions as smart contracts have a more functional and wider usage area:

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Currently, Ether looks like the cryptocurrency with the highest real use potential, as its native digital currency, Ethereum, is the most popular development platform for smart contract applications.

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The company also highlights that smart contracts, DeFi protocols, and decentralized applications DApps include software that enables automated execution of digital contracts with technologies that facilitate padding. Analisdollarser states that although Ethereum has these features, Bitcoin (BTC) is also a strong brand, and that the advantages of Ether are that it is more functional and faster than Bitcoin.

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Analisdollarser draws attention to the disinflationary nature of Bitcoin (BTC)

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On the other hand, analystsdollarser states that even though Ether has toppled Bitcoin, gold is a superior store of value for digital assets. Analisdollarser, who describes gold as a “defensive inflation hedge,” characterizes crypto as a “risky inflation hedge,” noting the following competition:

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This competition between cryptocurrencies is another risk factor preventing them from being safe-haven assets at this stage.

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In the continuation, Cryptocoin. com, Goldman Sachs’ announcement comes a month after Investment Strategy Group analystsdollarser told clients that crypto isn’t even an “investable” asset class. Analisdollarser made the following statements:

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The cryptocurrency ecosystem could revolutionize the future of everything, but that doesn’t mean cryptocurrencies are an investable asset class.

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Everyone realizes that Ethereum is catching up with Bitcoin

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Finally, banks aren’t the only ones to notice that Ethereum is significantly overtaking Bitcoin. Ether has already outstripped Bitcoin in terms of presence among platform users, the founder and CEO of Celsius Network, a crypto deposit and lending company with $17 billion in crypto under his management, told Kitco News last Monday. He said he had overshadowed it and believed he would do it. In 2022 or 2023, as analisdollarser underlines, we may see a different landscape.

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Disclaimer: Cryptocoin. The articles and articles on com do not constitute investment advice. Cryptocoin. com does not recommend buying or selling any cryptocurrencies or digital assets or Cryptocoins. com is not an investment advisor. Hence Cryptocoin. com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.

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