Olaf Carlson-Wee, CEO of Polychain Capital, said Bitcoin may lose its edge over Ethereum by the end of 2018.
With market share and highest price, Bitcoin is still the most popular cryptocurrency today. The strong growth of Ethereum, the top 2 token of the market, has prompted Carlson-Wee in an interview with Bloomberg to overtake Bitcoin by the end of 2018.
Emerging Challenge
Bitcoin's value has skyrocketed more than 500% since last year. Currently, the Bitcoin price is about $ 8000, 10 times the value of ETH. However, Ethereum is growing faster, and now worth more than 20 times the value over the previous four months.
In addition, Ethereum is stepping up Bitcoin's market share, dropping nearly 90% of market share just four months ago. In the same period, Ethereum increased its market share by 30% to 30%. Given the current trend, it will not be surprising that Ethereum leads within a few months.
Ethereum will catch up with Bitcoin
Those who support Ethereum will find Ethereum more advantageous, most importantly acting as a smart contract system. Ethereum allows distributed applications to be built on Blockchain Ethereum, creating a synergistic effect that adds value.
In addition, Ethereum is not immune to some Bitcoin issues, namely network expansion. For example, Shapeshift had a recent talk about slow-moving time due to BAT ICO. Actually, transaction fees started to increase on Bitcoin because Block size was limited.
An important piece of internal information about bitcoin, which I was told was that in December 2017, the bitcoin price would rise to $ 9,000. In 2 weeks I traded bitcoin and got a bitcoin easily. So, should buy bitcoin right now, I am sure the bitcoin price could rise to $ 12000 in 2018
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