ETHEREUM could be the next Bitcoin as the digital cryptocurrency goes from strength to strength while the bitcoin bubble looks set to burst at any moment.
Ethereum is the second largest cryptocurrency, currently trading at an all-time high of $850 while its market capitalization is $82 billion, according to CoinMarketCap.
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.
He said: “Bitcoin certainly is still the market leader in terms of value per coin as it is the most well known cryptocurrency, so is the most widely used.
“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.
City & Business News
Ethereum will be next BITCOIN - Cryptocurrency will SOAR as bubble bursts and crashes
EXCLUSIVE: ETHEREUM could be the next Bitcoin as the digital cryptocurrency goes from strength to strength while the bitcoin bubble looks set to burst at any moment.
By VICKIIE OLIPHANT
PUBLISHED: 09:00, Mon, Dec 25, 2017
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EthereumGETTY
Ethereum could be the next Bitcoin
Ethereum is the second largest cryptocurrency, currently trading at an all-time high of $850 while its market capitalization is $82 billion, according to CoinMarketCap.
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.
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Speaking exclusively to Express.co.uk, he said: “Bitcoin certainly is still the market leader in terms of value per coin as it is the most well known cryptocurrency, so is the most widely used.
“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.”
However despite his investment in the lesser known coins, he said he still believe the “future of bitcoin is bright”.
He told : “Bitcoin has the potential to transform our future for all industries from the housing market to healthcare and even our laws.
“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.
“While there is still a long way to go, cryptocurrencies have the potential to obsolete fiat currencies- whether this will be Bitcoin, Bitcoin cash or another crypto remains to be seen.”
