Depends on the context.
If you mean “will 1 ETH (aka Ether, aka Ethereum token) ever be worth more than 1 BTC (Bitcoin)?” … my personal-professional opinion is: that seems unlikely, but you never know.
The reason for my opinion is that I see both ETH and BTC increasing in value significantly over time, but the unit price of Bitcoin, being over 12x the unit price of ETH, currently ($7,339 for BTC, $574 for ETH), seems unlikely to be exceeded by the unit price of ETH any time in the foreseeable future.
However - and it’s a very pertinent “however”:
You don’t make money on unit price, you make money on the relative growth of the price-value (of BTC, ETH, any other cryptocurrency, stocks, real property, etc.) of your investment, in comparison with your own original investment amount.
The biggest mistake that most people make in analyzing the potential value of a given investment is that they deal with far too short a time horizon.
For instance, if someone is looking at 2018 alone, Bitcoin’s current price is just about half of what it was in early January of this year.
However, if someone purchased Bitcoin at any time in its history prior to mid-November 2017, they’d be in a profit position, right now.
Ethereum is in a slighting better position than Bitcoin, looking at 2018, alone - $772 in early January vs. $574, right now, and the time aspect is even more dramatic.
If someone purchased Ethereum at any time prior to December 12, 2017, they’d be in a profit position right now.
And depending on when those purchases were made, specifically - the profit position could be rather dramatic.
For instance, if you had purchased either ETH or BTC exactly one year ago today, you would have made somewhat over 3.5x on your investment (i.e. $1000 invested a year ago would be $3500, today). Not too bad - and not much difference between the two (ETH and BTC).
However, what if you went back exactly two years?
You’d have made over 15x your money ($1000 became $15000), investing in Bitcoin.
Woo-Hoo, and so there, and …. oh, right - but what about Ethereum?
If you had invested $1000 in Ethereum exactly two years ago today, you’d have made just about 50x return on investment - $1000 invested then would be right about $50,000 now.
And so, what about the important part — the future?
Basically, it’s anyone’s guess — but with a lot of industry insiders being very focused on the potential for Bitcoin.
Personally-professionally, I see a lot of potential for both Bitcoin and Ethereum (and some other cryptocurrencies) over time.
With ETH and BTC alone, though, it’s almost a bit hard to decide - but if I had to pick one, I’d pick Bitcoin.
Why?
Because Bitcoin is inherently designed to be deflationary currency that will increase in value, over time. The primary reason for this is that there is a hard limit of a total quantity of 21 million Bitcoin, with 17,058,387 of them already being in circulation, and with the quantity of new Bitcoin produced as a mining reward decreasing approximately every four years (i.e. in 2016, it dropped from 25 BTC to 12.5 BTC, and in 2020, it will drop to 6.25 BTC, and so on).
And with demand continuing to increase - more people, including large institutions are investing in it, more people are buying things with it - “things” ranging from coffee to condominiums - and supply increasing far, far more slowly — “Economics 101” says that the price of Bitcoin almost can’t help but increase over time.
The major caveat, of course, is that a wildly speculative market, such as we saw at the end of last year, can cause the price of anything, Bitcoin included, to inflate (yes, like a bubble - which can then pop) and then deflate.
Which is exactly why any time window of less than a year is probably too short to use to make a rational determination about investing in Bitcoin, Ethereum or anything else - unless you’re effectively gambling, and doing so consciously.
Ethereum is an entire different type of investment.
For one, there’s no inherent limit to the number of ETH in circulation. To date, the developers who make the key decisions have been very rational about not flooding the market with new ETH - but there’s nothing to prevent that from happening.
Even if they try to increase the supply very methodically, as happens with the U.S. Dollar over time, the price of ETH could be negatively impacted. That doesn’t mean the price would go down, necessarily - because there are quite a few factors driving it up - such as the ongoing growth of the Ethereum network, the popularity of the ERC20 standard for creating new tokens for all kinds of blockchain projects, and so on - but it doesn’t have the same type of inherent value control that’s literally embedded into Bitcoin.
Simply put - I’d say investing in Bitcoin is more like investing in gold, and investing in Ethereum is like investing in a stock.
Both can be very good investments - but completely different types of analyses apply in evaluating them.
Please Note - the source for all price data above is
Cryptocurrency Market Capitalizations | CoinMarketCap
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