Goldman Sachs: Ethereum May Become The Main Cryptocurrency Of The World Instead Of Bitcoin

Goldman Sachs: Ethereum May Become The Main Cryptocurrency Of The World Instead Of Bitcoin

Ethereum has always been in the shadow of Bitcoin – the main cryptocurrency of the world, but in the future everything may change: analysts at Goldman Sachs believe that Ethereum may take the place of Bitcoin. True, it is not yet clear when this can happen.

Goldman Sachs sees many factors that will drive Ethereum’s growth. Among them are real transactions using this cryptocurrency, and a large number of users, and the speed of implementation of new technologies. Currently, most decentralized finance (DeFi) systems are built on the Ethereum blockchain, and most of the non-fungible tokens (NFT) are purchased using this cryptocurrency. All this gives reason to think that in the future Ethereum has every chance of becoming the main cryptocurrency of the world and replacing Bitcoin.

But at the moment, both Ethereum and Bitcoin are not feeling very well: the former sank by more than 30% in a week, the latter by almost 20%. Ethereum’s capitalization is currently more than half the capitalization of Bitcoin: $ 304 billion versus $ 721 billion.

Goldman Sachs: Ethereum May Become The Main Cryptocurrency Of The World Instead Of Bitcoin

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