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“Ethereum will overtake Bitcoin, but they will not be able to compete with gold” – one of the largest banks Goldman Sachs made a new forecast



One of the world’s largest investment banks, Goldman Sachs, said that Ethereum, not Bitcoin, has the highest potential in the cryptocurrency market today.

Analysts at Goldman Sachs believe that Ethereum “currently appears to be the cryptocurrency with the highest real potential as Ethereum is the most popular platform for developing smart contract applications.”

Ultimately, according to Goldman Sachs, Ethereum will overtake Bitcoin and become the most popular cryptocurrency. At the same time, it is noted that Bitcoin is inferior to its competitor in a number of parameters, for example, in low transaction speed.

At the same time, analysts believe that none of the cryptocurrencies will be able to outperform gold in the near future, since high volatility will prevent cryptocurrencies from becoming a safe asset.

This competition between cryptocurrencies is another risk factor that prevents them from becoming safe assets at this stage.

Goldman sachs

According to CoinMarketCap, there are now over 10,700 different cryptocurrencies in the world.

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