BTC vs ETH: How Do They Compare?

In the crypto industry, there are now hundreds of thousands of different cryptocurrencies to choose from. This abundance of choice can be a bit daunting for newcomers, making it challenging to enter the market effectively. 

Thankfully, we can always rely on the major blue chip coins such as Bitcoin and Ethereum. These assets have been in the market long enough to testify to their resilience and adoption. But the question remains "” which one is better? 

This article will try to answer this question and allow you to assess whether you should swap ETH for BTC. To achieve this, we will compare both of these assets' fundamentals and take a peek at some price predictions. 

BTC News

Bitcoin is the first cryptocurrency and popularized blockchain technology. It is solely responsible for the creation of decentralized digital assets, without intermediaries. Created as an answer to the 2008 banking crisis, it has become one of the most praised store-of-value assets in the financial world. 

A major advantage of Bitcoin is that its issuance is programmed within the protocol. With a maximum supply of 21 million coins, this deflationary currency follows a predictable mining process. What's more, the mining rewards for Bitcoin are halved every four years. This event has historically spurred bullish cycles and new heights for the original crypto. 

Interestingly enough, the next halving should occur in April 2024. Consequently, the crypto community is expecting the market to take a turn for the better a few months before this happens. 

Additionally, there are strong rumors about the SEC approving BTC spot ETFs. These financial instruments will allow users to speculate on the real price of Bitcoin, without having to own the assets. Investors expect that major financial institutions like Blackrock and Grayscale will invest trillions of dollars into BTC. As a result, we can expect the Bitcoin market to move significantly to the upside. 

ETH Updates

Ethereum is the first and most used smart contract platform network in the industry. Despite heavy competition in this niche, the Ethereum network has managed to maintain a decent user base. Comparing ETH vs AVAX vs LINK, the former has outperformed them significantly. 

More importantly, the smart contract network remains the leading driver in DeFi, with more than $25 billion TVL. As layer-2 solutions like Arbitrum, Optimism, and Polygon become more prevalent, the scalability of Ethereum is expected to increase. 

What's more, these aforementioned blockchains have evolved into genuine layer-2 instead of being mere sidechains. This means that they roll up transactions directly onto Ethereum and benefit from its high security. 

Users need to use ETH as gas to access these chains, increasing the usability of the coin and its adoption by the DeFi crowd. 

BTC vs ETH Comparing

BTC vs ETH Future Price

With that in mind, let's have a look at some BTC vs ETH price predictions from reputable websites. 

BTC Price Prediction

Currently trading at $30,500, Bitcoin has a lot of upside potential considering the upcoming halving. 

For instance, digitalcoinprice.com expects the asset to reach a maximum price of $67,406.73 in 2023 alone. For the long term, the website has some eye-watering predictions as well: $111,437.46 for 2025 and $320,244.58 for 2030. 

ETH Price Forecast

Ethereum is currently trading around $1,650 and is struggling to pass the $1,700 resistance. 

Nevertheless, digitalcoinprice.com places the asset at $3,674.40 by the end of the year. In the long term, their analysts expect ETH to reach $6,053.77 in 2025 and as high as$17,530.73 by 2030. 

ETH or BTC: What Is a Better Investment?

So what's the verdict? Should you swap your ETH to BTC or the other way around? Although their returns might seem similar per price predictions websites, Bitcoin is expected to increase in price before ETH. If you are looking at short-term gains, BTC might be a better choice.