BTC - Ethereum or Bitcoin: Which Is the Better Buy for Your Portfolio Right Now?
Both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have been hit hard by the current downturn in the crypto market. Bitcoin, for example, is down 68% over the past 12 months while Ethereum is down 67%. Yet there are still some investors looking to get into the crypto market, and for many, the choice about where to start may come down to Ethereum or Bitcoin, which are the two top tokens by market capitalization.
While Bitcoin and Ethereum are down by similar amounts, they are very different cryptos. It's worth taking a closer look at their strengths and weaknesses to see if one is a better investment than the other.
Bitcoin has a well-deserved reputation for extreme market volatility. Huge spikes have been followed by similarly large plunges. Yet, ever since its launch back in 2009, Bitcoin has proven surprisingly resilient. Over the past decade, Bitcoin has experienced at least five different bear markets. Each time, it bounced back stronger than before.
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Ethereum or Bitcoin: Which Is the Better Buy for Your Portfolio Right Now?