Weiss Ratings, the private and independent rating agency that offers research and analysis on stocks, ETFs, mutual funds and all other financial instruments including cryptocurrencies has predicted that Bitcoin will lose almost fifty per cent of its market share to Ethreum in next five years if it fails to upgrade its technology.
Weiss Rating’s argument is focused around Ethereum, as it offers more use-cases than Bitcoin with its ability to create smart contracts and decentralized applications. It says that Ethereum is developed on much superior blockchain technology and is light-years ahead of Bitcoin in terms of everything except price.
#Bitcoin will lose 50% of its #cryptocurrency market share to #ETH within 5 years, due to it offering more uses and being backed with superior #blockchain technology. We completely agree – unlike #BTC, which is a one-trick pony, the limit of ETH’s application is sky itself.
— Weiss Ratings (@WeissRatings) September 18, 2018
It continues to mention that until Bitcoin’s improves its scalability issues and the technology it runs on, it will continue to lose against Ethereum, which is its nearest rival over five years or so. And, also when crypto is expected to become more mainstream. The gap in technology will become more evident when more and more investors jump into the crypto space.
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