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Why I'd Buy Ethereum Over Bitcoin Right Now

TheMotleyFool

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Why I'd Buy Ethereum Over Bitcoin Right Now: https://g.foolcdn.com/editorial/images/874387/ethereum-virtual-money-getty-71317-1.jpg

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), the world's two most valuable cryptocurrencies, have both declined about 40% this year. Investors avoided both tokens amid fears of rate hikes, geopolitical conflicts, and other macro headwinds. Big IPOs, such as SpaceX (NASDAQ: SPCX), also likely drew more investors away from the cryptocurrency market.

I believe both cryptocurrencies are still solid long-term investments. Bitcoin is a viable hedge against expansionary monetary policies, and Ethereum remains the largest developer-oriented blockchain. However, I'm more bullish on Ether than Bitcoin today for three simple reasons.

Image source: Getty Images.

Source Fool.com

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