Like tech companies, cryptocurrencies The rivalry between them has been escalating for years. The debate between the communities supporting Bitcoin and Ethereum, the two largest digital assets by market capitalization, is endless.
Some of the crypto lovers consider Ethereum superior to Bitcoin as it has historically generated more returns. However, the latest data revealed that this situation may disappear in the medium term.
In time BTC And ETHThe increase in the correlation coefficient between , almost equalized the rates of return. According to the market data of the last 5 years Ethereum with bitcoin The profit gap between investors was zeroed.
The profit rate of investors who bought Bitcoin and Ethereum in April 2018 was about 300%.
BTC Outperforms In The Bear Market
Bob Ras, founder of Sologenic, which produces tokenized securities, stressed that conditions have changed after the bull market ended in 2021.
ras, NFT And DeFi He noted that while areas such as Ethereum are popular in the bull market, there is a major force behind Ethereum. ETH has therefore outperformed BTC on the upswings.
“Bitcoin, the leading cryptocurrency, acts as a “store of value” due to its limited supply. Therefore, it suffers less depreciation in bear markets.”
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