3 ms·
Bitcoin has much better name recognition, and its supporters clearly see it for what it is (digital gold). It's an easy meme. Even if Ethereum is at present be
by chrispeel 6y ago
Bitcoin has much better name recognition, and its supporters clearly see it for what it is (digital gold). It's an easy meme.
Even if Ethereum is at present better technology (I think it is), it's also trying to become even more (scaling and PoS and more). That progress has been slow, and has many competitors with great technology. Labeling Ether as "digital oil" gives one useful mental image, but that's certainly not as sexy as "digital gold".
I attribute the continued market cap dominance of Bitcoin over Ether almost entirely to Bitcoin being (at least for now) a better meme.