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Investors Expect Ethereum To Outgrow Bitcoin, According To CoinShares Survey

Investors Expect Ethereum To Outgrow Bitcoin, According To CoinShares Survey


NewsBTC
2021-10-07 23:00:32
Investors Expect Ethereum To Outgrow Bitcoin, According To CoinShares Survey

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. A recent CoinShares survey 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. Related Reading | Umbrella Network Announces New Launch: Decentralized Oracles On Ethereum Mainnet Investors Want Ethereum The CoinShares survey shed light on investors’ 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. ETH price settles at $3,600 | Source: ETHUSD on TradingView.com This does not although take away anything from bitcoin. Bl...

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