The infographic below describes the main reasons of the rise of Bitcoin.
For Ethereum, the reasons are mostly the same, but there is an additional factor: Ethereum plays a crucial role in the emergence of the machine economy.
It allows programs and robots to directly buy and sell their services to other market participants, without the need of a human intermediary.
The typical example is an autonomous taxi that sells its services to humans and use the profit to automatically pay for its own repairs and fuel.
Bitcoin is suitable for it too (especially after the release of the RSK), but Ethereum currently dominates this market.
The role of the machine economy will grow dramatically in the coming decades, and the value of cryptocurrencies will grow with it.
Other important factors:
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