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RE: Why I Think Bitcoin is Still Undervalued

in #bitcoin8 years ago

I believe that Ethereum will overtake Bitcoin in the near future as it is also starting to be covered by mainstream media. Once people get into the crypto world via bitcoin, they quickly see the potential of blockchain tech beyond what bitcoin is. Satoshi got the ball rolling with bitcoin, but with the tech evolving, there are more valuable uses now.

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Have you seen Craig Wright's recent speech? If so, does it affect how you view alts or ETH particularly.

No do you have a link to it? I don't really take the guy seriously but will take a look.

Well he makes the best BTC maximalist case I've ever heard.

I think that is unlikely. For one thing it is still harder to buy ether with fiat than bitcoin. Further ether has its own problems with scaling and the blockchain is already a huge size. I think there are some hurdles which have to be overcome and there is no easy solution to that. Additionally I think the entire purpose of ether is different and the current ICO situation is creating illusory demand.