What You Need to Know About Investing in Bitcoin and Ethereum

Cryptocurrencies are all the rage right now and for good reason. Bitcoin and Ethereum are the two biggest players in the cryptocurrency market, and they have both seen enormous price increases in 2017. If you're thinking of investing in either of these currencies, here's what you need to know:

Bitcoin

Bitcoin is the oldest and most well-known cryptocurrency. It was created in 2009 by a person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin is based on blockchain technology, which is a digital ledger that records all Bitcoin transactions.

Bitcoin is a decentralized currency, meaning that it is not controlled by any government or financial institution. This makes it a popular choice for investors who are looking for a way to protect their money from centralized control.

Bitcoin is also a deflationary currency. This means that the total number of bitcoins in circulation is limited, and that the value of bitcoins will gradually increase over time.

Ethereum

Ethereum was created in 2015 by Vitalik Buterin. It is based on the same blockchain technology as Bitcoin, but it has a few key differences. Ethereum is a platform that allows developers to create and run applications on the blockchain. This makes Ethereum a popular choice for businesses that are looking to use blockchain technology.

Ethereum also has a different monetary policy than Bitcoin. While Bitcoin is deflationary, Ethereum is inflationary. This means that there is no limit on the number of Ethereum that can be created, and that the value of Ethereum will decrease over time.

Which One Should You Invest In?

Bitcoin and Ethereum are both popular choices for investors, but which one is right for you? Here are a few things to consider:

If you're looking for a way to protect your money from centralized control, Bitcoin is a good choice.

If you're interested in using blockchain technology, Ethereum is a good choice.

If you're looking for a currency that will increase in value over time, Bitcoin is a good choice.

If you're looking for a currency that will decrease in value over time, Ethereum is a good choice.

So, which one should you invest in? It depends on what you're looking for. If you're not sure which one is right for you, talk to a financial advisor.