While Bitcoin may have paved the way for the entire ecosystem, the utility of Ethereum places it ahead of others, the CEO of CAKE group, Dr. Julian Hosp, suggests.
When Bitcoin was invented, its main goal was to serve as a payment gateway that had no centralized interference. And it has been able to achieve that while serving as a tool for remittances and international payments.
Also, BTC’s performance over the years has proven that it may be a good asset serving as a store of value. Ethereum, on the other hand, has expanded beyond its initial fundamentals. Now, the Vitalik Buterin-led project is the foundation of a growing Decentralized Finance ecosystem while offeringacross other sectors. This growth and more could be the reason the digital assets’ investment head believes that Ethereum is better than Bitcoin.
However, this is not the first time that ETH and BTC maxis have tried to prove who is better. For a long time, Bitcoin maximalists, like Saylor and Max Keiser, have criticized Ethereum, noting that the project would not be able to beat the market cap of Bitcoin.at the time of writing, despite being four years younger. But even then, Bitcoin remained the project with the highest number of active addresses.on the Bitcoin network from January 2023 until press time reached 18.03 million.
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