$BTC

Bitcoin or Ethereum?: this is the investment that the Queen of the Stock Market recommended

For famous investor Cathie Wood, Bitcoin has strong potential as a hedge against inflation.

The recent approval of the first spot Ethereum (ETH) exchange-traded funds (ETFs) in the United States (US) made investors' eyes focus on the second most relevant cryptocurrency on the market, while Bitcoin ( BTC) took a backseat. 

Meanwhile, Etheruem became the subject of discussion by several sector experts, who commented on the possibility that the recent approvals would catapult the price of said cryptocurrency in the near future. 

On the other hand, there are figures who do not question the supremacy of BTC at all. Such is the case of Cathie Wood, the prominent investor and founder of ARK Investment Management LLC, also known as "The Stock Market Queen." Below are all the details. 

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Bitcoin versus Ethereum: which cryptocurrency to invest in?

According to the founder of ARK Investment Management, Bitcoin (BTC) is a superior investment to Ethereum for several reasons. According to their perspective, the most capitalized cryptocurrency represents a global monetary system, an innovative technology and a new asset class.

For Wood, BTC functions as an insurance policy against inflation and loss of wealth, with the potential to capture a significant portion of the global monetary supply. Its distinctive qualities, such as decentralization, censorship resistance, and the ability to self-custody, are critical to its long-term success. With this idea in mind, the investor went so far as to predict that BTC will reach $1.5 million by 2030. However, the executive also acknowledged that excessive U.S. regulation is a threat to the economy.US over digital assets could hamper the trajectory of the pioneering cryptocurrency.