Ethereum News Update
As Ethereum prices continue to fall—alongside the rest of the market, I might add—investors are concentrating their funds in Bitcoin, otherwise known as digital gold.
Bitcoin has drawn these comparisons for much of its history, though the reasons have evolved with time.
At first, investors argued that Bitcoin’s fixed supply mirrored the real-life limitations of gold deposits. Now, however, investors point to the use of gold as a safe-haven asset, arguing that Bitcoin serves the same purpose in cryptocurrency markets.
There’s even a metric to reveal the market’s concentration in Bitcoin. It’s known as BTC Dominance.
Like with anything.
The post Ethereum Price Forecast: Growing Bitcoin Dominance Is a Problem appeared first on Profit Confidential.
Written by Gaurav S. Iyer, IFC @ https://www.profitconfidential.com/cryptocurrency/ethereum/eth-price-forecast-growing-bitcoin-dominance-problem/ March 28, 2018 Gaurav S. Iyer, IFC