Bitcoin Could Become Investment Darling Amidst Ethereum Volatility

Industry expert Samson Mow predicts a potential shift in cryptocurrency investment as investors might turn back to Bitcoin due to Ethereum’s ongoing inflationary issues following the ‘Merge’. The move is driven by Bitcoin’s capped supply and deflationary issuance model, appealing to those seeking stable investments amidst market fluctuations. This prediction aligns with the recent instability witnessed in Ethereum prices after its transition to PoS, coupled with its continued inflationary potential despite upgrades. Bitcoin’s appeal stems from its proven stability and resistance to volatility. While Ethereum continues to evolve with DeFi, NFTs, and other blockchain applications, Mow suggests that Bitcoin’s economic structure offers more long-term stability for investors seeking protection against uncertainties in the cryptocurrency market.