{"id":473240,"date":"2021-10-07T23:00:32","date_gmt":"2021-10-07T23:00:32","guid":{"rendered":"https:\/\/wncen.com\/?p=473240"},"modified":"2021-10-07T18:06:03","modified_gmt":"2021-10-07T18:06:03","slug":"ethereum-to-outgrow-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-to-outgrow-bitcoin\/","title":{"rendered":"Investors Expect Ethereum To Outgrow Bitcoin, According To CoinShares Survey"},"content":{"rendered":"
Investor interest in Ethereum is no longer a novel phenomenon. The second-largest asset by market cap has seen more support with the rise of decentralized finance on its ecosystem. Applications of Ethereum have been the major drive behind the growth of the cryptocurrency and institutional and individual investors alike see the asset outgrowing number 1 coin Bitcoin in the coming years.<\/p>\n
A recent CoinShares survey<\/a> has echoed the sentiment that has been held by investors in the market for a while now. It showed that number of investors who believe Ethereum is set to outpace Bitcoin is over twice the number of investors who are bullish on the growth of bitcoin. Lately, investors have been moving out of their bitcoin positions in favor of ethereum, and the CoinShares survey shows that this might only be the beginning.<\/p>\n Related Reading |\u00a0Umbrella Network Announces New Launch: Decentralized Oracles On Ethereum Mainnet<\/a><\/strong><\/em><\/p>\n The CoinShares survey shed light on investors\u2019 sentiment around the top crypto projects in the market. When asked, 42% of respondents said that they saw the most compelling growth outlook for Ethereum. While 18% said that they saw a compelling growth outlook for bitcoin. The survey showed that Ethereum was regarded as the project to grow the most in the coming years.<\/p>\n <\/p>\n This does not although take away anything from bitcoin. Blockchain structuring has allowed Ethereum to be at the forefront of one of the most important investment spaces in crypto; the DeFi market. The bitcoin blockchain is gearing up to compete in this space against the likes of Ethereum and Solana with the launch of smart contracts on the network<\/a>. Expanding the crypto-asset\u2019s utility beyond just its monetary policy.<\/p>\n When asked what the biggest motivator for investing in cryptocurrencies was, the top answer was surprisingly not the value of the assets themselves or even diversification. 35% of respondents said that they were investing in the market because the assets were speculative. Only 25% said they used cryptocurrencies as a way to diversify their portfolios. With about 15% investing for the value of the assets.<\/p>\n Respondents also said that regulation, restrictions, and volatility were the biggest hindrance to investing in the crypto market. Regulation also made the top when respondents were asked about the key risks associated with digital assets. A combined 58% said government bans and regulations currently pose the biggest threat to the digital assets market.<\/p>\nInvestors Want Ethereum<\/h2>\n
ETH price settles at $3,600 | Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Investors Reveal Reasons For Investing<\/h2>\n