Ethereum The New Hard Money?

0
28

A debate arose about the possibility of Ethereum becoming hard money and ended up highlighting more downsides to the digital asset than anything else.

The founder of a Bitcoin investmentsCharles Edwards, shared a chart that showed the circulating supply activity of Ethereum and Bitcoin and argued that “Ethereum has entered the hard money game. For the past 3 months, Ethereum’s inflation rate has been lower than Bitcoin.”

Chart by Glassnode. Shared on Twitter

“Hard money is not only about low inflation of supply, it is also about immutability of inflation – oil is not suddely hard money even when OPEC decides that supply rates are throttled.”

-Twitter user @alpha_authority

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Related Reading | Solo Ethereum Miner Hits The Jackpot With 170 ETH For Mining A Block

Hard Cash Or Hard Fees?

In the short history of the cryptocurrency boom, many have debated the possibility for cryptocurrencies to surpass fiat currencies at some point. It is a feasible future scenario for Bitcoin, but other digital coins can only dream of it.

As Investopedia explains, “Hard money maintains a stable market value relative to real goods and services and a strong exchange rate relative to foreign currencies,” and its uses involve “lower transaction costs and risks”

Get 110 USDT Futures Bonus for FREE!

In the case…

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here