Strategist and investment guru Lyn Alden has suggested that over the long-term bitcoin is more likely to succeed than Ethereum\u2019s ether, as she considers ETH an \u201cunfinished product\u201d when compared to BTC.<\/p>\n
According to a newly published economic analysis of Ethereum, first spotted by Cointelegraph, Alden sees the smart contract network as a functional one with \u201ca ton of smart developers working on it,\u201d but that is unlikely to become an economically sustainable project.<\/p>\n
The strategist looked at some of Ethereum\u2019s main features and said the use case of various decentralized applications built on top of the network is \u201ccircular and speculative.\u201d To Alden, the network\u2019s nodes are more likely to be at risk of a centralized attack if there were \u201cto be some government crackdown on third-party node services,\u201d for example.<\/p>\n
While Alden believes regulators could not bring down the Ethereum network, they could effectively threaten its use cases by making applications on it harder to run. She added:<\/p>\n
Ethereum could indeed do very well over the next year in terms of price, but as long as it\u2019s transforming its base layer, it remains a speculation in alpha development, rather than a finished\/stable product.\u201d<\/p>\n
Bitcoin 21 million supply cap, to the strategist, mans it does not have an \u201carbitrary monetary policy.\u201d Per her words when Ethereum 2.0 has been implemented and the network uses a Proof-of-Stake (PoS) consensus mechanism for five years with \u201cconsistent monetary policy for that whole time\u201d it \u201ccan be considered largely a finished project like Bitcoin.\u201d <\/p>\n
Alden has in the past pointed to BTC for its \u201crisk\/reward opportunity,\u201d and claimed that despite the cryptocurrency\u2019s volatility there was upside potential<\/p>\n
It\u2019s worth noting other analysts believe in the future of Ethereum. Former Goldman Sachs executive Raoul Pal has revealed he believes the price of ETH, the second-largest cryptocurrency by market capitalization, could go to $20,000 \u201cthis cycle,\u201d based on Metcalfe\u2019s Law.<\/p>\n
Featured image via Unsplash.<\/p>\n