So, it's certain that we are on the path to an increasingly technological and digital world, and the growth of artificial intelligence is an example of this. Thus, cryptocurrencies are an inevitable reality for the future, but the questions I ask myself are: in what way? Which will be the dominant crypto? Is it already the right time to invest?
Today I look at Bitcoin and I can't understand how it remains so expensive. 8 years ago it was normal, everything was still very recent, a digital currency without government regulation, with a determined number to exist and untraceable were tempting ideas. But today? A lot has advanced and Bitcoin's technology can already be seen as obsolete, right? The need for high spending on mining investments and a very complex blockchain are no longer such cool ideas. On the other hand, we have new technologies like: smart contracts and DeFi, ideas more suited to the Ethereum network. However, even Ethereum is not that secure at the moment, given that other cryptos want to take its place. So, here are my questions:
Is it stupid of me to think that Bitcoin doesn't have the capacity to stay on top for much longer and that its technology is already becoming outdated? Why not?
Is Ethereum the crypto that will dominate, or does it already have a stronger competitor more likely to dominate the market?
I understand that everything about the subject is merely speculation, but we can try to carry out analyses for the most accurate decision-making possible.
