If Bitcoin were a national currency, it would be the third largest in the world right now.
Here are two reasons why I own more Ether than BTC and why I believe the smaller rival will outperform over the long run.
Its value has been trading independent of the rest of the economy and capital market for much of the past year.
Put simply, it’s “digital oil.” Over the past few years, developers have created interesting applications such as betting markets, decentralized financial applications, programmable money and NFTs on the network.
As the applications expand, the network could attract more developers, creating a virtuous cycle of value creation.
If the Bitcoin market adds another $100 billion in value, it barely moves the needle.
If you look back at relative returns over the past year, this factor is clearly at play.
The Purpose Ether ETF, the CI Galaxy Ethereum ETF, and the Evolve Ether ETF are the first of their kind anywhere in the world.
In other words, you can add a digital asset with multi-bagger potential and protect your gains from the taxman.
That’s because it’s working off a smaller base and seems to have more utility.
The online investing service they’ve run since 2013, Motley Fool Stock Advisor Canada, has beaten the stock market by over 3X.
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