The changes achieved by the internet can be an approximate to understand what is happening with Bitcoin (BTC) and Ether (ETH); each one with its concept and definition already established but with a clear objective and that is the promotion of a change to the economic and social structure that we currently perceive at this time. It is to be expected that this is practically ahead of its time and due to resistance and ignorance it does not manage to exploit its full potential in a total way but with some conquests that add to a trajectory that reaps benefits and that accumulates hopes for those who decide to be on this side of history.
However, now the emphasis is shared, ETH, for example, begins to generate very strong expectations that generate very interesting numbers. The growth of BTC is around 20% over its peak value, ETH is building the same path but with a backing of 220% increase in value. The functionality towards a financial automation, the beginning of smart contracts and other benefits that this ecosystem elaborates, makes this environment an economic system by default liberating from repeated bureaucratic initiatives.
The figures are also transferred to the opening of our accounts that are managed for this network, the increase has been exponential, with numbers of more than 170,000 daily addresses. This increase is clearly in the depth that users now have of the decentralized benefits that have been managed on this chain, now beyond decentralized finance are a series of tools and applications that put into practice all that cryptos can do and how they relate to our finances.
The reason why investment banks such as Goldman Sachs claim the enormous potential and how its growth could overshadow BTC. However, let's remember that BTC is more than just the first currency, since Golman Sachs also from the beginning was only targeting their interests; the qualification of these types of institutions only reinforces the fact that the concept that BTC issues is the key that they want to avoid and that they only question without reason what they do not understand yet. The concept of these centralized entities is still short, his words describe only doubts and frustration, otherwise, let's define then how the answer looks like with the famous digital currencies of the central governments.
Even the classification of BTC as a direct competitor to gold is now formal, in the words of Golman Sach, excerpted from an article on the Bitfinance portal, "gold competes with cryptocurrencies to the same extent that it competes with other risk assets such as equities and cyclical commodities. We see gold as a defensive hedge against inflation and crypto as a risk hedge against inflation."
However, risk and defense are not the same in the parameters of this type of investment entities, it is clear that they are parallel in investment concepts, more cryptos than gold, the succession as a reserve is increasingly defined and its status in the markets and the minds of levels and exchange is materialized in instruments of value.
Cryptocurrencies such as BTC and ETH have their own stories, they have their reflection in what society brings as monetary evolution, but we know that it goes beyond this whole range of precepts and concepts that we see in development spaces or comments. Both are important, both reflect the evolution that lies ahead. We just have to know them, have them and use them.
As always we leave in the description of this paragraph the links to those articles that served as a basis and inspiration for the content of this writing. These will help you to have a much deeper definition of the subject raised in this space.
https://bitfinanzas.com/por-que-goldman-sachs-dice-que-ether-podria-superar-a-bitcoin/
https://bitfinanzas.com/banco-britanico-barclays-prohibe-a-sus-clientes-enviar-fondos-a-binance/
This is my own content and there is no room for plagiarism. You can also read this article on my Publish0x blog under the link at the end of this informative paragraph.
