Will other cryptocurrencies get anywhere close to Bitcoin’s price?
Bitcoin continues to be the most popular and well-known crypto on the market, with investors choosing to invest in bitcoin rather than in less well-known altcoins.
Jeremy Cheah Associate Professor in Crypto-Finance and Digital Investment at Nottingham Business School told Express.co.uk: “In time, some cryptos might catch up as those cryptos gain popularity and become better understood.”
But in the short term, it seems unlikely that altcoins will be able to close the gap between themselves and bitcoin.
Bitcoin’s current price stands at £40,521.45 as recorded by Coinbase on October 13 at 2pm.
In comparison, the second market leader is ethereum which was valued at just £2,549.81, followed by Binance with a value of £340.69.