What happens if Ethereum (ETH) is digital gold?


The only asset spoken as a store of value among cryptocurrencies is Bitcoin (BTC). However, Bitcoin is especially taking advantage of being the first crypto asset, and this will not go on forever. Bitcoin’s nickname “Digital Gold” is a great marketing tool and no other cryptocurrency has such an attractive slogan.

Etherum (ETH), on the other hand, is currently the second candidate for leadership in this value tank race. Ethereum blockchain is the second-largest cryptocurrency, Ether (ETH), which is used today in many areas and is a local asset in terms of market value. When this is the case, it raises the question of what happens if ETH is considered digital gold.

According to data research firm Messari, if Ethereum is accepted as a value store like gold with the current price, the potential return on investment may be more than 490x.

Although this may seem like a distant thought for an asset with a market value of about $ 26 billion at the moment, it should not be forgotten that Ethereum is not a new company and its long-standing position in the crypto markets. The competition against Bitcoin is never in vain, and investors who see Bitcoin as a store of value like gold are likely to see Ethereum in the same way.