The answer is not that easy to give as both coins have huge potential and they all have a lot of reason to grow further.
Bitcoin, for example, is known for enjoying massive price hikes after halving events – a process that cuts its block rewards for miners in half.
The third halving took place on May 11, 2020, and, so far, the surge did not disappoint.
It did, however, come much earlier than expected, causing many to believe that it might not be caused by the halving but by institutional interest. It could be that both had a hand in the price growth, of course.
But, experts still predict that Bitcoin has not reached its full potential and that the desire to grow is still strong, so the coin may go much higher in 2023.
As for Ethereum, the process that we mentioned is leading to a major overhaul of the project – Ethereum 2.0.
It will bring massive improvements to the speed and scalability of the project, and as such, it will likely attract back all those who used it but left due to slow network or high fees. If they do come back, the coin’s price will undoubtedly surge.
So, the questions like “Should I buy Ethereum or Bitcoin” do not really have a clear answer. There is a misconception that there is a rivalry between the projects, and that the BTC vs ETH fight will result in one project’s demise.
However, the two are in entirely different lanes, with different goals and purposes. The fact is that both coins have individual use cases and great potential, as well as a reason and room to grow.
