Reason: ETH seems to have no fundamental security flaws and far more applications than bitcoin, yet is currently valued <10% of bitcoin. I have absolutely no story for why the market doesn’t price this in, but if you question the EMH, then ETH seems like the obvious bet.
Ethereum’s market cap is 47% of Bitcoin’s. While you can argue that the market cap of cryptocurrencies is arbitrary, the price of one coin is even more arbitrary.
I think you picked a good suggestion for a bad reason. Both because of the difference between market cap and price per coin, as the sibling comment has pointed out, and because you don’t give any reason for this to change in the next year when it’s been the case for the last N years. Here’s what I think is a better reason.
Suggestion: Ether (ETH).
Reason: ETH seems to have no fundamental security flaws and far more applications than bitcoin, yet is currently valued <10% of bitcoin. I have absolutely no story for why the market doesn’t price this in, but if you question the EMH, then ETH seems like the obvious bet.
Ethereum’s market cap is 47% of Bitcoin’s. While you can argue that the market cap of cryptocurrencies is arbitrary, the price of one coin is even more arbitrary.
I think you picked a good suggestion for a bad reason. Both because of the difference between market cap and price per coin, as the sibling comment has pointed out, and because you don’t give any reason for this to change in the next year when it’s been the case for the last N years. Here’s what I think is a better reason.