Will you consider this a tough choice or an easy choice. Lots of people would see this topic and be like “easy choice, I will choose Bitcoin”. Well, I don’t think Bitcoin will be considered an option for me because, ever since I missed the opportunity of getting bitcoin when it was $3,000 I have declared that buying it right now would be entering too late. But other people tend to think otherwise. People believe that bitcoin is still in its early stage even though the price has gotten this high.
The price of bitcoin has been predicted to reach certain amount later in the future. While I find some of the prices predicted to be extremely high, I always try to remind myself that this is crypto and anything can happen. We are currently on $2 Trillion market cap and Bitcoin has a 42% market dominance. So it’s obvious that we are early in the crypto game but what price is bitcoin going to attain before we agree that it’s gotten to it’s all time high.
Bitcoin is great, it has security, it’s the forefather of cryptocurrency and decentralization, but I can’t help but feel that I have missed the bus of making profit from it, I feel at this point it can only serve as a store of value, so in my opinion, give me $42k worth of BNB please. I’m here to make some profit, I know BNB is not as secured as Bitcoin and not decentralized like Bitcoin, but BNB is going to yield some beautiful profit compared to Bitcoin.
BNB hasn’t had a big pump hit lately, I think the biggest pump BNB has had is the 2021 pump in May where it went from below $50 to over $600. That’s some awesome pump, during the break out of Defi, when people were choosing BNB SmartChain DEFIs over Ethereum DEFIs because it was cheaper. The NFT trend didn’t really push the price as people stuck to other blockchains like solana, Klaytn, polygon and tezos over Ethereum’s outrageous fees.
I have lots of things to do with my BNB if given $42k worth of it. First of all, leaving it in my BNB vault on my Binance account gives me really cool interest, especially when Binance launches one of their token launch pads. I can stake BNB and earn up to 12% APR interest while waiting for a pump. The success of the coin BNB, is tired to the progress of the company Binance, so yeah, I will always want the company to be successful. We have seen how much the company tries to be everywhere with their massive PR. You either see them sponsoring some popular event or getting license in a country. This is what will make me choose $42k worth of BNB over Bitcoin.
I once thought that BNB was going to replace Ethereum, pumping its price above $1000. BNB is obviously below $1,000 and I believe the price is not stopping there, so yeah, I will choose $42k worth of BNB over $42k worth of bitcoin. After I make profit, I can transfer it to bitcoin and store my wealth.