an independent trading, investment, and, in some countries, payment instrument.
“I am confident that MTC will maintain its position for a long time and move towards new records,” summed up Marina Trofimova.
StormGain cryptocurrency exchange expert Dmitry Noskov agreed with the opinion that Bitcoin has no competitors yet. Crypto producer Kristina Belyakova shared the point of view of her colleagues.
“It’s unlikely that any coin can deprive Bitcoin of its status as the most expensive cryptocurrency, at least in the next 3 years,” our interlocutor noted, drawing attention to the prospects for BTC growth against the backdrop of the next halving.
Ethereum
Director of Public Relations at the financial technology company ONLY BANK Maxim Ilgov believes that Ethereum is the only coin that can supplant Bitcoin. As of the time of writing, ETH is almost 1800% cheaper than BTC. At the same time, Ethereum is closest to Bitcoin in terms of capitalization.
Nikolai Zhuravlev, General Director of BUSINESS PLANNING EXPERTS LLC, shared a similar opinion. He also does not rule out the possibility that one day the status of “most expensive cryptocurrency” will go to Ethereum. At the same time, our interlocutor noted that such changes require “serious technological breakthroughs in other cryptocurrencies and their mass distribution.”
Evan Golovanov, a finance and investment expert and founder of the financial club “Multiplier,” joined his colleagues. He also believes that the status of “the most expensive cryptocurrency” may eventually migrate to ETH.
“Ethereum is not Bitcoin’s little brother, but a serious competitor that can compete with it and, perhaps, even surpass it in the future,” our interlocutor noted.
Marketer Gleb Garusov, in turn, warned about the consequences of an increase in the value of another cryptocurrency above Bitcoin quotes. In his opinion, in this case, investors may see a fall in BTC.
The New Most Expensive Cryptocurrency Probably Hasn't Been "Born" Yet
Analyst, investor and entrepreneur Nikolai Mozhenkov believes that it is possible to bypass Bitcoin. He explained his point of view by the technical imperfections of BTC and the lack of interest in cryptocurrency as an alternative to fiat for everyday payments. In his opinion, a coin that can deprive Bitcoin of its status as “the most expensive cryptocurrency” will appear in the future.
“Most likely, Bitcoin will be replaced by some new coin, which will be supported by American corporations, such as BlackRock and similar ones in terms of potential and influence. Perhaps such a coin will also be supported by the United States or firms such as Amazon, Facebook or Tesla. This will give people an understanding that the new coin can bring real income and fulfill its function,” our interlocutor noted.
