Ethereum's initial success can be attributed to a few elements. Ethereum is programable, meaning apps can run on the Ethereum blockchain. This is what let to Ethereum being used in:<ul><li>Decentralised Finance, or DeFi, meaning that apps like investments, insurance etc can be run without a central authority.</li><li>NFTs, tokens to prove the authenticity and ownership of an object (digital or physical)</li><li>The consensus in the network through proof of stake. New coins are created by putting guaranteeing your existing money. This incentives people to be good actors and decreases the money supply, increasing its price. </li></ul>

Ethereum promise

Ethereum is going to the moon - here is why ► Get up to a $250 in Digital Currency: https://blockfi.com/andrei ► Where I Buy Bitcoin: https://gemini.sjv.io/1E3dz ► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh ► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP ► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c/1980551/671816/10402 ► Open A Roth IRA: https://m1finance.8bxp97.net/c/1980551/696710/10646 ► Follow Me On Instagram: https://www.instagram.com/andreijikh/ ► How I Protect My Bitcoin: https://shop.ledger.com/pages/ledger-nano-x?r=535643c13ab0 My PO Box: Andrei Jikh 4132 S. Rainbow Blvd # 270 Las Vegas, NV 89103 Ethereum is on fire, and this year its been destroying Bitcoin. If you put your money into Bitcoin at the beginning of the year - you would have roughly 2x'ed your money. Investing in Ethereum would have been 4x your money. Earlier this year I made a video about Ethereum going to $10,000 - people called me crazy but I want to revisit that idea because at the time of making this video Ethereum shattered passed $3,000 and here is why. Ethereum vs Bitcoin Let’s time travel back to 2011 when a young kid, a computer nerd by the name of Vitalik Buterin - he just discovered Bitcoin. He started to become interested in the crypto community and began playing around with Bitcoin on and off for roughly 2 years, he loved it so much that he dropped out of college to learn more about it. Very quickly realized that Bitcoin was limited in its abilities. Vitalik thought that Blockchains were a lot more capable than just being a currency or just money - like Bitcoin was. What if he could build something that was like a currency but also programmable - a money that could create apps for people. Fast forward to 2015, and Ethereum was launched. Fast forward to today, and that young kid is also the youngest crypto billionaire. This did not sit well with the Bitcoin community and the rivalry began. At one point, Ethereum was only 8 billion dollars away from overtaking Bitcoin and becoming the first place crypto by market cap. If that were to happen, that day would have been known as the flippening. It never happened and Bitcoin remained in first place. But Ethereum is making a come back and here 3 major reasons why. REASON 1: The European Investment Bank has started creating bonds, based on the Ethereum blockchain and Goldman Sachs was one of the partners. Now within the European Union, the EIB - the European Investment Bank is one of the banks that provides funds to corporations, countries and anything related to furthering the interest of the European Union. Now they've created $100 million Euros in the form of 2 year bonds. This is HUGE, because the EIB is a major bank that has now entered the crypto space - and it's a huge validator not only for Ethereum but for the crypto space in general. REASON 2: Another reason why Ethereum is going up in price is because of NFTs (non fungibile tokens). NFTs requires people to lock up their Ethereum into smart contracts (and most NFTs are developed on ETH). When you take money out of circulation, that’s less supply for people to buy on exchanges because again - they’re locked away and used to build things with. This is one of the biggest reasons why Ethereum is so successful - because it doesn’t depend so much on supply and demand like Bitcoin does, and instead it depends on people using the blockchain (utility via NFTs, DeFi, etc) REASON 3: Proof of stake consensus model. Instead of requiring mining rigs like Bitcoin does (in order to validate transactions), Ethereum now requires money. The people who get to validate transactions are those who have 32 ETH staked within the network. This incentivizes people to lock up more of their Ethereum ( and in return they are rewarded interest ). So the major 3 reasons are adoption, utility, and consensus model. Now let's talk about the price. BUY OR SELL? I’m not a financial advisor and I can’t give any advice but if it were me and I didn’t have any Ethereum - I would DCA - dollar cost average into Ethereum. I would put $100 a week, and I would do that for years and years while treating it as money I will never see again (despite the fact that I think it will outperform every other asset in the market). If I had $1,000 - I would split it up equally with 50% Bitcoin and 50% Ethereum. Ethereum still has a lot more room to grow from here (although it may not be immediate). *None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

crypto

Cryptocurrency

moneyandinvestments

Money & Investments

technologyandthefuture

Technology & The Future

Ethereum is going to the moon - here is why

► Where I Buy Bitcoin: https://gemini.sjv.io/1E3dz
► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh
► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c/1980551/671816/10402
► Open A Roth IRA: https://m1finance.8bxp97.net/c/1980551/696710/10646
► Follow Me On Instagram: https://www.instagram.com/andreijikh/
► How I Protect My Bitcoin: https://shop.ledger.com/pages/ledger-nano-x?r=535643c13ab0

My PO Box: 
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103

Ethereum is on fire, and this year its been destroying Bitcoin. If you put your money into Bitcoin at the beginning of the year - you would have roughly 2x'ed your money. Investing in Ethereum would have been 4x your money. 

Earlier this year I made a video about Ethereum going to $10,000 - people called me crazy but I want to revisit that idea because at the time of making this video Ethereum shattered passed $3,000 and here is why.

Ethereum vs Bitcoin

Let’s time travel back to 2011 when a young kid, a computer nerd by the name of Vitalik Buterin - he just discovered Bitcoin. He started to become interested in the crypto community and began playing around with Bitcoin on and off for roughly 2 years, he loved it so much that he dropped out of college to learn more about it. 

Very quickly realized that Bitcoin was limited in its abilities. Vitalik thought that Blockchains were a lot more capable than just being a currency or just money - like Bitcoin was. What if he could build something that was like a currency but also programmable - a money that could create apps for people. Fast forward to 2015, and Ethereum was launched. Fast forward to today, and that young kid is also the youngest crypto billionaire. This did not sit well with the Bitcoin community and the rivalry began. 

At one point, Ethereum was only 8 billion dollars away from overtaking Bitcoin and becoming the first place crypto by market cap. If that were to happen, that day would have been known as the flippening. It never happened and Bitcoin remained in first place. But Ethereum is making a come back and here 3 major reasons why.


REASON 1: 

 The European Investment Bank has started creating bonds, based on the Ethereum blockchain and Goldman Sachs was one of the partners. Now within the European Union, the EIB - the European Investment Bank is one of the banks that provides funds to corporations, countries and anything related to furthering the interest of the European Union. Now they've created $100 million Euros in the form of 2 year bonds. This is HUGE, because the EIB is a major bank that has now entered the crypto space - and it's a huge validator not only for Ethereum but for the crypto space in general. 

REASON 2: Another reason why Ethereum is going up in price is because of NFTs (non fungibile tokens). NFTs requires people to lock up their Ethereum into smart contracts (and most NFTs are developed on ETH). When you take money out of circulation, that’s less supply for people to buy on exchanges because again - they’re locked away and used to build things with. 

This is one of the biggest reasons why Ethereum is so successful - because it doesn’t depend so much on supply and demand like Bitcoin does, and instead it depends on people using the blockchain (utility via NFTs, DeFi, etc)

REASON 3:

Proof of stake consensus model. Instead of requiring mining rigs like Bitcoin does (in order to validate transactions), Ethereum now requires money. The people who get to validate transactions are those who have 32 ETH staked within the network. This incentivizes people to lock up more of their Ethereum ( and in return they are rewarded interest ).

So the major 3 reasons are adoption, utility, and consensus model. Now let's talk about the price.

BUY OR SELL? 

I’m not a financial advisor and I can’t give any advice but if it were me and I didn’t have any Ethereum - I would DCA - dollar cost average into Ethereum. I would put $100 a week, and I would do that for years and years while treating it as money I will never see again (despite the fact that I think it will outperform every other asset in the market). If I had $1,000 - I would split it up equally with 50% Bitcoin and 50% Ethereum. Ethereum still has a lot more room to grow from here (although it may not be immediate).

*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

I will NEVER contact you for business or promotions (even if it comes from my legit email). I will not use IG, Telegram, or whatsapp to reach out - please ignore and report those accounts. 

I'm like Harry Potter - if he was a financial minimalist, did card tricks and worried about money. Biz inquiries: andrei@majikh.com


Ethereum promise

Similar ideas to Ethereum promise

HOW DO YOU BUY CRYPTO ART?