Sat, February 24

Goldman Sachs Confident Ethereum (ETH) Will Outrun Bitcoin (BTC) Soon

Goldman Sachs Confident Ethereum (ETH) Will Outrun Bitcoin (BTC) Soon Altcoin News

Will the king of Altcoins ever overtake the throne as the king of the entire cryptocurrency industry? This has been quite a controversial debate ongoing for the past few months recently. Many speculate Ethereum (ETH) will for sure overtake Bitcoin (BTC) soon. And the latest addition to this, Goldman Sachs is also in support of Ethereum (ETH).

Ethereum (ETH) According to Goldman Sachs

Being the most renowned multinational investing and financial firm, the Goldman Sachs Group.Inc puts forth its view on the most controversial topic in recent times. Yes, Goldman Sachs is completely in support of Ethereum (ETH) predominantly. 

Goldman Sachs, utters Ethereum (ETH) will for sure outrun Bitcoin (BTC) in the near future. In addition, it reveals the store value of Ethereum in the crypto industry is at a peak.

Moreover, the major reason for Ethereum (ETH) to prevail is the blockchain it belongs to. Ethereum blockchain tends to be the most proficient and well-developed blockchain containing all sorts of attributes for programmers. There’s no doubt why the Ethereum blockchain demands to be the most preferred among the programmers. Despite heavy gas charges on the blockchain and competition with the new blockchains arising Ethereum still persists on the top of the chart.

Therefore, all this contradicts the fact on Ethereum’s future, and the perfect backing up it has with a solid blockchain. 

Gold Still Better Than Crypto 

Goldman Sachs doesn’t stop with being prolific on Ethereum alone. In addition, Goldman Sachs gives out a very distinctive comment uttering the yellow metal to be always superior to the digital gold. Yet, this is another debatable topic which is the safest bet, gold or cryptocurrencies. 

On the other hand, Goldman Sachs determines gold to be the ‘inflation hedge’ and the cryptocurrencies to be the ‘risk inflation hedge’.

Accordingly, gold is usually the safest one to invest in as its value will only rise higher and wouldn’t depreciate. Whereas, cryptocurrencies are truly a risk-based investment as the value may rise or fall on high terms.

Furthermore, the multinational financial giant determines, gold is obviously fighting along with cryptocurrencies as same as other commodities and stocks. Yet, it concludes gold is the safest investment.

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A Project Engineer by profession, a writer by passion. Especially into the critics and skeptics on cryptocurrency. His fascination towards the crypto world and his personal experience on it has made him a writer with a taste.