60M$ Worth Bitcoins Moved to ETH
As the topic suggests:
Nearly 60M $ worth of Bitcoins were moved from BTC to ETH and that's alone for the month of June .
Research suggests that :
ETH is the most popular off-chain destination for Bitcoins
I do think some of you might be worrying that this would decrease the price of Bitcoins and such but the author explains very clearly how it's making a synergistic effect on both the cryptocurrencies.
Therefore what we can infer from this new is :
•Both BTC and ETH are supporting each other , BTC being the first choice of the investors and ETH having a more varied applications.
•Competition is not always a bad thing , the cryptocurrencies might as well coexist without having topics like : What's better BTC or ETH?
What do you guys think about it ? Worth noting or just unnecessary?