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RE: ETHEREUM JUST EXPLODED TO $350, IS GOLD NEXT?
I think ETH has a lot of room to grow in the short term as new projects launch their tokens on top of the platform. However, over the long term, ETH lacks exact scarcity like Bitcoin has.
As I understand it, ETH has to be designed for a controlled currency expansion, because it gets used up as the smart contracts and robot programs run on its platform. Essentially, if Bitcoin equates to digital gold getting harder and harder to find, then Ethereum is digital oil, or perhaps electricity. Which if the market is controlled properly, it will supply just enough to meet demand.