Bitcoin vs. Ether: We Will Invest In and Transact with Ether Differently, Here is Why
Will we invest in and transact with Ether differently than we do with Bitcoin, since the two currencies have different monetary policies?
Ether has been dubbed Bitcoin’s challenger or its rival – Andreas Antonopoulos’ warning to stop calling ethereum “the bitcoin rival” is generating an intense debate on Twitter and Reddit.
What individuals make of the growing debate over Ether and Bitcoin rages on with comparison being made from the point of view of how people invest in and transact with the two digital currencies.
Ethereum as a means of exchange
Analyst and Blockchain Products Lead at ARK Investment Management, Chris Burniske, predicts that Bitcoin will be used more as a store of value, while Ether, which is needed to power the smart contracts that are the main appeal of the Ethereum network, will be used more as a means of exchange.
In a Forbes piece, he states:
This post was published at Coin Telegraph on 2016-05-30.