Crypto Conversations: Jon Najarian and Charlie Shrem of CryptoIQ Discuss BTC vs. ETH

Many of our Investitute subscribers have reached out to me and asked “Jon, what do you think of Bitcoin and crypto?” I am very excited about the potential of Bitcoin and other cryptocurrencies, and want to bring this excitement and knowledge to our Investitute community.

I’m excited to announce that we at Investitute have partnered with the one-and-only Charlie Shrem of Crypto.IQ, to bring you the most accurate and reliable crypto trading resources.

Charlie and I have become good friends over the last year, and I just had to share his knowledge with you. Whether you are new to crypto trading, or have been a “HODL” investor from the beginning, Investitute and Crypto.IQ will help you navigate the exciting and promising world of cryptocurrencies.

Here are two things to get you started: Sign up for Investitute’s cryptocurrency daily news email for daily updates on what is going on in crypto, and visit Crypto.IQ for access to proprietary crypto research and trade ideas!Jon Najarian: I’m here with my good friend, Charlie Shrem, and we’re talking about Bitcoin and Ethereum and what Charlie sees as the future of these. Charlie: Love both – they’re different though. What are the differences?

Charlie Shrem: That’s a great question, and I hold both in my long-term blue chip portfolio. I think they’re both amazing and they do two very different things. Bitcoin was built to be a long-term, transactional currency and store value. The amount of lines of code is very small, and Bitcoin is relatively unchanged. It stays the same and it follows a direction. Investors like long-term stability, and they don’t want to know that things can change and they would have to do anything: passive.

Internet of Things

Ethereum is more of an Internet of Things, smart contract system, that has its own currency that acts as “gas” to use it. For example, with Ethereum you can code your refrigerator to change temperatures whenever you travel out of town. You can code your coffee machine to know that when you ring your doorbell or you’re coming home and your door opens, the coffee machine automatically starts to brew coffee.

You can code all these different things to work together, even as big as building oracles and having insurance systems, where you can send money to an address and if your flight is delayed, the address will automatically pay you out how much it will cost to stay a night in a hotel. All automated; you don’t need to have any third party. And powering this system is ether, which is the gas that powers all of this.

So they’re two very different things. We’ve seen adoption over the past five or six years on both be tremendous. We have a big conference in New York this week with 8,500 attendees at blockchain week and they are solely focused on cryptocurrency, but the majority – the overwhelming majority – is Bitcoin and Ethereum. And I think the future is extremely bright.

These are the Mack Daddys – the kings of crypto – Bitcoin and Ethereum.