***This is not investment advice and you are solely responsible for any financial actions you take.
Both Bitcoin and Ethereum are worth investing in.
Which digital currency is worth investing in, bitcoin or Ethereum? Both are innovative technologies that have become the two largest players in the crypto space. Both coins also solve major problems and provide a major service to the users.
Bitcoin has been around since 2008 and allows its users to conduct transactions among one another without the need for a 3rd party – such as a bank, clearing house, or government. Bitcoin has empowered users with freedom by providing an un-censurable method of monetary transfer. Bitcoin also provides citizens of countries whose fiat has gone through hyperinflation and lost a majority of its value. Bitcoin has a fixed supply and its total amount cannot be manipulated by anyone, including banks and sovereign states. Bitcoin also provides protection from crooked financial institutions who charge excessive fees, or even worse, spend their customers money.
Ethereum is sometimes confused as an alternative to bitcoin,
but Ethereum has a different purpose. Ethereum is a Virtual Machine that allows for the creation and calibration of decentralized smart contracts, App creation, and account ownership. The Ethereum Virtual Machine provides all the internal computations, network processing, and energy requirements for its various applications. This lowers cost and resource requirement for app developers as they can create a wide array of new technologies and applications without the tremendous amount of bandwidth and operating costs. Ethereum is also intertwined with the new web 3.0 and many of its applications will interact directly with web browsers and new networks.
This has been a very short summary of both of these technologies, but gives you an understanding of why both Bitcoin and Ethereum is worth investing in. A further explanation of both can be found here.
The crypto market is highly volatile and while the price of both of these cryptos will fluctuate. daily, I truly am a believer of the long term value of these projects.