The value of Bitcoin grew 207 times in 4 years, who’s next?
It is largely believed that a newly created coin – Ethereum – will replace Bitcoin in the near future due to its vastly superior technology and development environment, a Bitcoin 2.0 if you will. If you do not believe me, let the numbers speak for themselves. Take a look at the ETH/USD exchange rate:
January 3rd – 1 ETH = $9
February 3rd – 1 ETH = $10
March 3rd – 1 ETH = $19
April 3rd – 1 ETH = $46
May 3rd – 1 ETH = $84
June 3rd – 1 ETH = $222
June 13th – 1 ETH = $378
That is nearly 50 times ROI within 6 months!
But Ethereum is not a definitive gold mine; there are lots of complex factors coming into play and as a prospective investor you must take the time to understand them carefully before committing to any decision. Otherwise you are not investing – you are gambling.
Throughout this guide I want to help you understand what caused this dramatic growth in Ethereum’s price. I want to help you understand the underlying technology that makes Ethereum a revolutionary currency and what opportunities it can deliver to you as a medium to long-term investor. But I also want to discuss the challenges and potential obstacles Ethereum faces in the near future and the potential risks these pose to you as an investor. Throughout this guide I hope to equip you with enough information to make your own decision:
