In a note to investors on Tuesday, Goldman Sachs outlined its reasoning behind the claim that Ethereum will eventually become a better store of value than Bitcoin.
According to the note, the investment bank believes Ethereum currently looks like the cryptocurrency with the highest real use potential. It added that it is the most popular development platform for smart contract applications, according to reports.
Bitcoin may have the stronger brand given its first-mover advantage, it added, however, BTC lacks some of the often-cited real use cases of Ethereum. This is partly due to its slow transaction speeds of just 7 transactions per second. Ethereum in its current native state is not much quicker, however, with around 15-20 transactions per second.