One of the most talked about things in the world of crypto these days is bitcoin and the variety of other crypto coins trying to catch up with it. Believe it or not, things have been this way for quite a while and it does not seem like they will change any time soon.
While there is no denying that bitcoin has seen its fair share of ups and downs over the years, there has been a fair bit of consistency in this crypto option. If you compare this to a variety of other currencies, it would be easy to see why bitcoin is mostly ahead.
For instance, Ethereum happens to be one of the options that has not been in the crypto trading and constantly puts on a challenge for other coins. Bitcoin, in particular, is a currency that mostly butts heads with Ethereum.
Believe it or not, there was even a time when people thought that they would be looking at Ethereum as the coin that toppled bitcoin. However, that has not happened as of yet. Sure, there have been moments where Ethereum came close, but it was not enough.
More often than not, bitcoin has stayed on top for a long while and it does not seem like anybody could take its position. In the beginning of this year, however, it seemed like it would finally be the downfall of bitcoin. There were plenty of reasons behind this. However, one of the main reasons was that bitcoin did not have a sufficient amount of returns to offer.
Because of these lack of returns, the profitability of bitcoin went downwards and it resulted in many people abandoning their bitcoin investments. Due to this, a large number of people in the crypto world were under the impression that bitcoin would not hold up.
However, this crypto option prove everybody wrong and became incredibly profitable down the line. With more and more people making investments in bitcoin, it seems like its profitability would increase tremendously.
As a matter of fact, a large number of people in the crypto scene have been claiming that this is just the beginning and that bitcoin will offer a lot more down the line. So far, it seems like things are heading in the right direction and things have been quite pleasant for bitcoin.
Sure, there is no denying that there have been a few ups and downs along the way, but that is part of the crypto investment world. While plenty of currencies have come close to dethroning bitcoin, it seems like bitcoin will reign supreme for many years to come.