Ethereum will be next BITCOIN – Flexible and smart digital cash to SOAR | City & Business | FinanceHeat Profit
And Oliver Isaacs believe the digital currency could become as successful and profitable as the larger Bitcoin, with has even off at around $19,000 after trading at highs of over £20,000 on December 17.
Educated at the London School of Economics, Mr Isaacs describes himself as a serial entrepreneur, cryptocurrency Investor and tech influencer – having made 10,000 per cent returns on cryptocurrency Investments in the past few years.
In early 2017, he says he bought into ethereum for just $14 a coin and now his Investment is worth more than $300, a huge increase.
“However, I predict Ethereum will have the best long-term potential of any cryptocurrency though due to flexibility and smart contracts.”
He spent $14 on NEO at the same time, which although it has seen a rise is only worth $30 a coin in comparison to ethereum.
Mr Isaacs said: “The cryptocurrencies I personally Invest in are ones which provide a value or purpose, future applications in our everyday lives as well as solid growth.
“Thus I have Invested in undervalued coins which have a lack of awareness.”
“In the long term, I would not be surprised if cryptocurrencies will eventually obsolete all other forms of money as it frees society from its current condition of economic enslavement.”
And he claimed the “top driving factor behind Bitcoin’s price increase has been wider mainstream awareness and acceptance” with businesses such as Reddit and WordPress now accepting the currency.
He said: “Price action is heavily dependent upon demand and supply just like in the stock Market or FX trading. Since the total number of Bitcoins in circulation cannot exceed 21 million, this limited supply combined with the high demand has resulted in the steep price increase.