💡 Bitcoin or Ethereum - which is better?

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GM everyone. This is 2036, the crypto newsletter that pays you 💸

Banks are collapsing left and right, crypto is on the rise again and you might be wondering:

• what should I buy - bitcoin or Ethereum?

• also, what’s the difference?

Today we’re gonna explain it to you like you’re 5 👶

So grab a cup of coffee, put some background music on and let’s do this.

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Get smarter on crypto in 2 minutes

In crypto, most people fall into one of two camps:

• the maximalists, who believe there is only one coin to rule them all (typically bitcoin, but sometimes Ether or - oh god, Cardano)
  

• the polynumists (no, not the polygamists) who are comfortable owning a bunch of things

Bitcoin and Ethereum, however, are fundamentally different things.

Ethereum - like most cryptocurrencies - is a technology company. 

Bitcoin, on the other hand, is an element, like digital gold.

In that way, bitcoin has no crypto-competition.

Bitcoin maximalists believe several things about money and society that more and more people are starting to agree with:

• Exit the Fed

• Stop the bailouts

• End the warfare/welfare state

• Return to sound money

• Build a voluntary society

• Bitcoin is the global reserve currency

• Bitcoin is an ephocal technological breakthrough

• Bitcoin is the only digital asset, ever

In that way, you can think of bitcoin maximalists like the gold bug community. There is only one asset - gold/bitcoin.

Ethereum, on the other hand, is like the US economy.

The Ethereum economy has:

• its own currency - ETH

• a central bank -the staking mechanism.

• banks - DeFi

• property - NFTs

• private companies - DAOs, dApps, Layer 2s, etc.

Betting on elements within the Ethereum economy - like NFTs - is betting on the Ethereum economy, but with leverage.

That’s how the physical world works too. If the US economy does well, tech stocks do really well. They’re a leveraged bet on the US.

The same applies to the Ethereum economy.

So bitcoin is an element, like gold. Ethereum is an evolving economy, like the US.

Now you might ask - which one is better?

Well, gold is the most valuable asset in the world.

And digital gold (i.e. bitcoin) is likely to become even more valuable. In just 14 years, it’s gone from 0 to the 12th most valuable asset on the planet.

But Ethereum is a growing economy with companies, property, banks, etc. that could ultimately overtake even the most valuable asset like gold.

So which one is it?

No answer applies to everyone, but…

• if you prefer purity over innovation, security over evolution - then maybe bitcoin is for you

• if you think the Ethereum economy will continue to grow, develop new applications and eventually become a juggernaut - then maybe you’re an Etherean (yes that’s a real word!)

It’s like picking gold over the US economy. You can also pick both.

Can you guess which camp we’re in? Reply to this email with your answer.

💎 We wrote a report on the top buys, sells and holdings of crypto wallets worth between $1.5 and $32 million. Refer 1 friend using this link and we’ll send over the report.

🧠 Update

Upon popular demand, we’re trying something new this week. Instead of several smaller tasks, we’re going to have one task with a large payout.

So keep your eyes on your inbox this week! 👀

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