Andrew Kiguel, CEO Tokens.com , called bitcoin obsolete. Despite the popularity of the first cryptocurrency, its share in the general crypto market is greatly decreasing, and there are a number of reasons for this.
When creating bitcoin, a large amount of electricity is required, this causes great damage to the environment. In addition, its negative image can play an important role in the rejection of bitcoin. It is believed that the token is a way of paying for weapons and drugs. Another disadvantage of bitcoin is the long execution time of a bitcoin payment. This disadvantage does not allow the token to become a convenient payment system.
Kiguel believes that the main contender for the title of the main cryptocurrency is ether. The possibilities of Ethereum are much broader than the possibilities of bitcoin, and it also requires less energy consumption for its creation.
However, not everyone agrees with this opinion. Financial analyst Vladislav Antonov believes that although bitcoin is not capable of becoming a good means of payment, it continues to be in good demand among investors on cryptocurrency exchanges. That is why, if bitcoin is waiting for the end, then this event will happen very soon.
