Trying to decide whether to buy Bitcoin or buy Ethereum is one of the hardest decisions for beginners when they are about to get into the cryptocurrency business.
You begin researching and asking around to know which amongst the two will give you significant gains in 2021. In my opinion, altcoins are the best option if you want to make substantial gains from the market in 2021.
But if you want safer gains and investments, the choice comes down to Bitcoin or Ethereum. They are the top cryptocurrencies and the "safe place" in the cryptocurrency market.
Bitcoin is the rock of the crypto market, and over time, it will challenge a ten trillion-dollar market capitalization. One day we could see Bitcoin increase to be worth about 550 thousand dollars per coin.
This definitely will not happen in 2021, but it will one day.
One thing to have in mind that Bitcoin can get to a hundred thousand dollars or even more, possibly up to two hundred thousand dollars, by the end of this year.
Several factors will increase the Bitcoin price; as the bull market takes off, Bitcoin is like the gateway drug to crypto. Many buyers, about 75% of them on coinbase, for example, buy Bitcoin first before any other crypto. Retail investors will continue to pile into Bitcoin, thereby pushing the price up.
The primary factor is the institutional money piling into Bitcoin, the likes of Tesla, Microstrategy, etc. Hedge funds, Pension funds, Billionaires, Millionaires, Private companies, and the sorts have all bought Bitcoin in the last few months, and Bitcoin is a scarce asset.
Ethereum is the number one smart contract platform by miles. If you want access to the stable coin market, the DeFi markets, the NFTs, you will find all of them on Ethereum.
A lot of financial assets (i.e., bonds, stocks, etc.) coming to blockchain in the next decade are going into Ethereum.
Ethereum also maintains an incredible brain lead on other chains, four times more developers building on Ethereum than the next closest chain, which happens to be Bitcoin. Ethereum is even undergoing major upgrades right now to make this blockchain more of a powerhouse than it already is.
In my opinion, Ethereum and not Bitcoin will give you the biggest returns for investment in 2021. It has a lot of upcoming catalysts that will continue to draw interest and attention to the blockchain.
It also has many events and upgrades coming up, and with that, a lot of hype around it. Institutional involvement keeps growing all the time for Ethereum.
