Which Cryptocurrency Should You Be Hoarding Right Now, Bitcoin or Ethereum?
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Crypto treasury companies continue to buy Bitcoin and Ethereum despite a downturn in the crypto market. Strategy, the world's largest Bitcoin treasury company, and Bitmine Immersion Technologies, the world's largest Ethereum treasury company, are still loading up on their respective cryptocurrencies.
Strategy, the world's largest Bitcoin treasury company, has bought 90,831 BTC over 13 weeks. The company now holds 766,970 BTC, worth nearly $55 billion. Bitmine Immersion Technologies, the world's largest Ethereum treasury company, has gone on an Ethereum buying spree, owning 4.8 million ETH worth over $10 billion. Despite recent losses, long-term price targets for Bitcoin are high, with predictions of $1 million by 2030. Ethereum has made a slight comeback but is still down 55% since August. Bitcoin is seen as the better long-term play due to its higher ceiling and floor.
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