Bitcoin boom has reduced more than 80% which is higher than the dot-com boom. Many players such as Amazon and Google survived this boom and are now the world’s largest internet companies by revenue. In my opinion, Bitcoin may be the inventor of blockchain technology but neither it is scalable nor it has a strong integration. The blockchain is the lot more than just as a financial service where the only transaction takes place. Many entrepreneurs are supported with tokenizing and decentralizing their startup with the help of Blockchain Technology. In addition, Bitcoin has changed the internet now the internet is used as a source of crowdfunding and blockchain has made big transactions possible with security.
Ethereum is the real use of blockchain technology and it should be the biggest player of this boom. This year it was estimated that Ethereum will cross $2000 mark. Recently there is no plunge visible for any cryptocurrency So till the market becomes bullish we should keep patience. Another factor which determines bitcoins future price is consensus Currently, Bitcoin is working on PoW algorithm which consumes a lot of electricity while Ethereum has decided to shift from PoW to PoS this year. It is estimated to run bitcoin till 2020 requires electricity as much to light Denmark. Mining bitcoin will come to an end in 2021. If this algorithm continues then mining fee or transaction fee will increase to provide rewards to miners. The result may be centralization of Bitcoin Network. Furthermore, Bitcoin has no future because of less scalability, less speed, and high cost.