In yet another manifestation of the digital revolution, virtual monies such as ether and bitcoin are gaining popularity and taking off in the absence of any government oversight. Speculators are watching and betting on such currencies as well. In this informative article, New York Times journalist Nathaniel Popper provides a fascinating account of how ether is gaining on bitcoin in the quest to be the virtual currency of choice. getAbstract recommends this succinct overview to regulators, investors and others interested in how the virtual currency realm is unfolding.
In this summary, you will learn
- How bitcoin and ether compare as digital currencies and
- Why some market watchers are betting that ether will displace bitcoin as the preferred virtual currency.
About the Author
Nathaniel Popper covers finance and technology for The New York Times.