TECH

What if ethereum is the "digital gold" instead of bitcoin?

Generally, discussion about the potential of cryptocurrencies to become non-sovereign reserves of value revolves around only bitcoin (BTC).
This is nothing new, as bitcoin is the most mature cryptocurrency, whose goal is explicitly to be a use case of a non-sovereign reserve of value.
Bitcoin's “digital gold " nickname is a great marketing tool in that sense. No other cryptocurrency has such a clear and attractive slogan as that.
However, bitcoin is not the only currency that competes for value reserve status and is not immune from competition. Other cryptocurrencies are also in the race.
Of all those wishing to be a use case of non-sovereign reserve of value, Ethereum is undoubtedly the second biggest candidate in the race.
Nowadays, the Ethereum blockchain is the only public blockchain (apart from the Bitcoin blockchain) with significant use and its native asset, ether (ETH), is the second largest cryptocurrency — the best membership metric as a possible reserve of value.



The above points are enough to ask the following question “ " What if ether becomes digital gold?”.
It sounds like a wacky proposition for an asset that is currently worth $ 22 billion, but it's not out of reality when you remember that Ethereum is not a starting-up company, but a starting-up monetary asset.
Remember: bitcoin is not immune to competition, and if you believe that bitcoin has a chance to become a non-sovereign reserve of value like gold, then many cryptocurrencies also have the same possibility.
Whether these other bets deserve an allocation in the portfolio depends on the risk/return assessment of each um.

by Messari