Bitcoin vs Ethereum: Which Offers Better Returns?

Bitcoin vs Ethereum: Which Offers Better Returns?

Are you torn between investing in Bitcoin or Ethereum?

Both have surged in value, capturing investor interest worldwide. You’ve likely heard of their potential for high returns.

But which one is the better choice for you?

In this article, we’ll dig into Bitcoin’s stability, Ethereum’s growth potential, market trends, and investment strategies. We’ll compare their security, community support, and future outlook. By the end, you’ll have a clearer idea of which cryptocurrency might suit your investment goals better.

Which is Better to Invest in: Bitcoin or Ethereum?

Bitcoin Long-Term Value

Stability Over the Years

Bitcoin has shown remarkable stability over the years. It’s often seen as digital gold. Its price peaked at around $68,789 in November 2021, showing how high it can go. This Bitcoin vs. Ethereum Key Differences Explained article provides more insights on this.

Historical Performance

Over the past five years, Bitcoin has grown by more than 750%. This performance is strong compared to many traditional assets. Bitcoin’s resilience is notable, particularly during economic downturns when it’s perceived as a safe haven.

Examples of Resilience

In economic shocks, Bitcoin has bounced back. For instance, during the COVID-19 pandemic, its value dipped, but it quickly recovered and reached new highs. This resilience makes it attractive for long-term investors.

Ethereum Investment Opportunities

Growth Potential

Ethereum’s network growth is impressive. It’s not just a cryptocurrency; it’s a platform for DeFi, NFTs, and other applications. Its peak price of about $4,891 in November 2021 shows its potential.

Impact of Ethereum 2.0

Ethereum 2.0 upgrades have boosted its appeal by moving to Proof of Stake, which cuts down energy use and improves scalability. This transition also brings the promise of faster and cheaper transactions.

Key Use Cases

Ethereum is more than a currency. Its network supports decentralized applications and smart contracts. This versatility is driving its value. For example, the DeFi movement relies heavily on Ethereum. The network’s adaptability is a key reason for its potential growth.

Table: Key Metrics Comparison

Conclusion: Which is Better?

After examining both, Ethereum appears to offer better returns due to its versatile network and higher growth potential. While Bitcoin’s stability and market dominance can’t be ignored, Ethereum’s use cases and ongoing upgrades give it an edge. For investors seeking higher returns, Ethereum stands out.

Ethereum vs Bitcoin Market Trends

Current Market Performance

Recent Price Trends and Volatility

Bitcoin has demonstrated significant price swings over recent years. It reached a peak of $68,789 in November 2021, but the price has been highly volatile since then. In 2024, the average price has ranged between $25,000 and $40,000.

Ethereum has also experienced considerable volatility. Ethereum’s peak price in November 2021 was $4,891. In 2024, its price has oscillated between $1,600 and $2,300, indicating a less pronounced but still significant fluctuation.

Market Capitalization Comparisons

As of 2024, Bitcoin’s market capitalization stands at around 42% of the total cryptocurrency market. Ethereum’s market cap is approximately 18%.

Influences Driving Current Trends

Recent trends for Bitcoin are often driven by macroeconomic factors such as inflation and interest rates. Global economic stability and announcements by major financial institutions also play a role. For instance, regulatory changes or endorsements from key financial figures frequently impact Bitcoin’s price.

Ethereum’s trends are heavily influenced by its technological upgrades and use cases. The move to Ethereum 2.0 and its role in DeFi and NFTs are major factors. Developer activity and the release of new decentralized applications further drive Ethereum’s market performance.

Adoption and Institutional Interest

Examples of Bitcoin’s Adoption by Mainstream Institutions

Bitcoin has seen significant adoption among mainstream institutions. Companies like Tesla and Square have made substantial investments in Bitcoin. Large financial institutions including Goldman Sachs and JPMorgan offer Bitcoin-related services.

Ethereum’s Role in Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs)

Ethereum’s ecosystem supports DeFi platforms like Uniswap and MakerDAO. It also powers the creation and trading of NFTs, with major platforms like OpenSea relying on Ethereum. These applications have increased Ethereum’s utility and adoption.

DeFi relies heavily on Ethereum’s smart contract functionality, enabling decentralized exchanges and lending protocols. Ethereum’s contribution to NFTs has also created substantial market interest, as digital artists, celebrities, and brands explore tokenized art and collectibles.

Analysis of Corporate Endorsements and Investments

Corporations are also showing interest in Ethereum. Companies like ConsenSys are building enterprise solutions on Ethereum’s blockchain. Visa and Mastercard have explored using Ethereum to streamline business processes.

In conclusion, Ethereum has a slight edge in terms of current market trends and institutional adoption. Bitcoin has broader mainstream institution endorsement, but Ethereum’s role in emerging sectors like DeFi and NFTs showcases its potential growth. Thus, based on market trends, Ethereum stands out as the current winner.

Cryptocurrency Investment Strategies

• Optimize returns by diversifying between Bitcoin and Ethereum.
• Understand the value of balancing long-term holdings and short-term trades.
• Learn from practical examples of successful strategies to inform your decisions.

Diversification

Benefits of Holding Both Bitcoin and Ethereum

Holding both Bitcoin and Ethereum can optimize returns and spread risk. While Bitcoin is often seen as “digital gold,” Ethereum powers decentralized finance (DeFi) and smart contracts. Each has a different level of market dynamics, providing unique benefits. Dominic Basulto suggests that owning both cryptocurrencies can add stability to your portfolio.

Risk Management Through Portfolio Diversification

Diversification is crucial in managing the risks associated with the volatile nature of cryptocurrencies. ETFs are effective tools for spreading investments across different assets, reducing the impact of any one asset’s poor performance. By including both Bitcoin and Ethereum in an ETF, investors can manage risk more effectively.

Examples of Balanced Investment Strategies

Balanced investment strategies often include a mix of direct cryptocurrency holdings and ETFs. Spot Bitcoin ETFs have shown success, and there is anticipation for other cryptocurrencies to have their own spot ETFs. For example, a portfolio that includes direct holdings of assets like Bitcoin and Ethereum, combined with ETFs, can provide broad exposure and balance.

Long-term versus Short-term Investments

Pros and Cons of Long-term Holding

Long-term holding, often referred to as “HODLing,” allows investors to ride out market volatility and potentially see substantial gains. Cathie Wood of ARK Invest recommends a holding period of at least five years for Bitcoin. This strategy minimizes transaction fees and taxes and takes advantage of the overall upward trend in the crypto market. However, it comes with the risk of enduring extended periods of downturns.

Potential Quick Gains from Short-term Trading

Short-term trading involves capitalizing on market volatility to earn quick gains. This approach can be highly profitable but also riskier due to the unpredictable nature of cryptocurrency prices. Quick gains are achievable, but so are rapid losses. Traders need to be constantly monitoring the market and have a strong understanding of technical analysis. The high volatility can be both a friend and a foe.

Examples of Successful Short-term and Long-term Investors

While specific examples of successful short-term traders are scarce due to the lack of public data, long-term investors like Cathie Wood show the potential for significant gains through disciplined holding. The strategies used by these investors often involve detailed market research and a strong conviction in the underlying technology and market potential of their assets.

Dollar-Cost Averaging (DCA)

What is DCA?

Dollar-Cost Averaging (DCA) is a strategy where investors purchase a fixed dollar amount of a cryptocurrency at regular intervals, regardless of its price. This method reduces the impact of volatility and avoids the risk of investing a large sum at an inopportune time.

Benefits of DCA for Bitcoin and Ethereum

DCA helps in mitigating risk and makes investing less stressful since you’re not trying to time the market. For example, by investing a fixed amount in Bitcoin and Ethereum monthly, you smooth out the price fluctuations. Over time, this can lead to a lower average cost per coin compared to lump-sum investments.

Using Technical Analysis

Basics of Technical Analysis

Technical analysis involves using historical price data and volume to predict future price movements. Tools like Moving Averages, Relative Strength Index (RSI), and Bollinger Bands are commonly used. This approach is particularly useful for short-term trading, where investors look to predict and capitalize on short-term price movements.

Applying Technical Analysis to Bitcoin and Ethereum

Bitcoin and Ethereum often follow distinct patterns, allowing technical analysis to provide guidance on entry and exit points. Websites like TradingView offer extensive charts and technical indicators. However, it’s essential to combine technical analysis with a deep understanding of market fundamentals.

Leveraging Portfolio Rebalancing

What is Portfolio Rebalancing?

Rebalancing is the process of realigning the weightings of a portfolio of assets. For instance, if the value of Bitcoin rises significantly compared to Ethereum, the portfolio may need rebalancing to maintain the desired level of asset allocation.

Benefits and Risks of Rebalancing

Regular rebalancing ensures that your portfolio remains aligned with your investment goals and risk tolerance. It helps in taking profits from over-performers and reinvesting them into underperformers. While rebalancing reduces risk, it also incurs transaction costs and might trigger capital gains taxes. Hence, it should be done with careful consideration of market conditions.

By understanding and applying these cryptocurrency investment strategies, professionals can tailor their approach to fit their risk tolerance and investment goals. For an in-depth comparison of Bitcoin and Ethereum, see our article on Bitcoin vs Ethereum: Which Cryptocurrency Wins in 2024?

Is Ethereum More Secure Than Bitcoin?

Security Mechanisms

When comparing security, we need to look at the underlying mechanisms of both cryptocurrencies. Bitcoin uses Proof-of-Work (PoW), while Ethereum has transitioned to Proof-of-Stake (PoS).

Proof-of-Work vs. Proof-of-Stake

Bitcoin’s PoW requires miners to solve complex puzzles to add new blocks. This process is very energy-intensive and can invite attacks if an entity gains more than 50% of the mining power.

Ethereum’s PoS, on the other hand, allows validators to create new blocks based on the number of coins they hold and are willing to “stake” or lock up as collateral. This method is typically seen as more energy-efficient and less susceptible to centralization attacks because the wealthiest validators have a vested interest in maintaining network security.

For further details on how these mechanisms differ, read Proof of Work vs. Proof of Stake.

Vulnerabilities and Past Breaches

Bitcoin has faced significant attacks, including double-spending attempts and the infamous Mt. Gox hack in 2014, where 850,000 Bitcoins were stolen. These breaches highlighted vulnerabilities but also led to the implementation of stronger security measures.

Ethereum has had its own issues, including the DAO hack in 2016 that led to a hard fork. However, Ethereum’s continuous development has aimed at improving its resilience against such attacks.

Measures Taken to Enhance Security

Both platforms have taken steps to enhance security. Bitcoin has improved network resilience through updates like Segregated Witness (SegWit) and the upcoming Taproot upgrade aimed at improving transaction privacy and scalability. Ethereum’s switch to PoS is a significant step forward in reducing attacks while also effectively handling more transactions.

Investors interested in Ethereum’s scalability improvements can check out Ethereum 2.0 vs Proof of Work.

Community and Development

Bitcoin’s Developer Community and Updates

Bitcoin’s development community is conservative, emphasizing stability and security. Bitcoin Improvement Proposals (BIPs) go through rigorous vetting, which minimizes bugs but can slow down the introduction of innovations.

Ethereum’s Continuous Development and Projects

Ethereum continues to be dynamic. The Ethereum Foundation and a robust developer community frequently implement updates to enhance functionality and security. This level of ongoing development ensures Ethereum adapts to emerging threats and demands.

Analysis of Community-Driven Improvements

Both Bitcoin and Ethereum benefit from active developer communities, but Ethereum’s approach has created a more adaptable system. The frequent updates and enhancements make it better suited to handle new security challenges.

Final Verdict

Overall, Ethereum has shown more aggressive and ongoing improvements in its security mechanisms and updates. Bitcoin stands out with its well-established and conservative stability. However, due to Ethereum’s continuous adaptability and recent monumental shifts like the transition to PoS, Ethereum takes the edge in security over Bitcoin.

Which Crypto to Buy Today for Long-Term?

Analyses of Leading Cryptos

Factors favoring Bitcoin for long-term investment

Bitcoin’s long-term investment appeal lies in its status as “digital gold.” It has a fixed supply of 21 million coins, making it scarce. This scarcity drives up its value over time, as seen with precious metals. Bitcoin has a strong market presence, boasting 42% of the total market capitalization in the crypto space. This dominance gives it resilience during market fluctuations. Significant events like the COVID-19 pandemic highlight how Bitcoin quickly recovers from setbacks, reinforcing its role as a reliable store of value.

Moreover, Bitcoin’s security is commendable. Its use of the proof-of-work (PoW) consensus mechanism guarantees network stability. Despite concerns over energy consumption, it remains a robust method against attacks. Significant upgrades like Segregated Witness (SegWit) and Taproot have also enhanced its transaction efficiency and security. For those looking at a crypto with proven resilience and consistent value appreciation, Bitcoin stands out.

Factors leaning towards Ethereum for long-term investment

Ethereum’s potential for long-term gains is rooted in its versatility and ongoing development. Ethereum is not just a cryptocurrency; it is a platform enabling decentralized applications (dApps). Its network supports numerous applications in DeFi (Decentralized Finance), NFTs, and smart contracts. This extensive utility propels its market value.

With Ethereum 2.0, the network transitioned from PoW to PoS (Proof of Stake). This upgrade solves major issues like scalability and high transaction fees, making Ethereum more efficient and environmentally friendly. Ethereum’s layered architecture allows for faster and cheaper transactions, directly benefiting users and developers alike.

Ethereum’s adaptability is another key factor. Continuous upgrades ensure it remains relevant and competitive. The Ethereum ecosystem has a robust developer community consistently working on innovations, thus driving value. Ethereum’s reduced energy use, expanded applications, and adaptive improvements make it a solid pick for long-term investment. For more insights, check out Bitcoin vs Ethereum 2024: Use Cases & Practical Applications.

Comparison of potential future returns

Comparing potential future returns between Bitcoin and Ethereum involves considering several factors. Historically, Bitcoin showed a 750% growth over the past five years, while Ethereum marked about 630% growth in the same period. However, Ethereum’s transition to PoS and its significantly enhanced utility may accelerate its growth rate.

Analysts predict that Ethereum’s broader use cases in DeFi and NFTs will drive future value. Bitcoin’s value will likely continue to rise due to its fixed supply, but Ethereum’s dynamic nature and the wider adoption of its platform for diverse applications suggest higher potential returns.

Expert Opinions and Predictions

Insights from leading cryptocurrency experts

Experts hold varied views on Bitcoin and Ethereum. Erik Voorhees notes, “Whenever the price of cryptocurrency is rallying, people start spending a lot more.” This suggests that during bullish periods, both Bitcoin and Ethereum could see increased adoption and higher prices.

Satoshi Nakamoto, the mysterious creator of Bitcoin, highlights the importance of belief in the technology, stating, “If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.” This emphasizes that conviction in the underlying technology is crucial for any long-term investment.

Brad Garlinghouse from Ripple comments, “If the cryptocurrency market overall or a digital asset is solving a problem, it’s going to drive some value.” Ethereum’s capability to solve real-world problems through dApps and smart contracts positions it favorably for long-term gains.

Predictions based on current market data

Current market trends show an increasing institutional interest in Bitcoin, with major companies and hedge funds allocating portions of their portfolios to Bitcoin. This institutional adoption is likely to continue, providing a steady upward pressure on Bitcoin’s price.

Ethereum, on the other hand, benefits from the explosion of interest in DeFi and NFTs. The Ethereum network hosts more than 90% of DeFi projects and the vast majority of NFTs, making it indispensable in the current crypto ecosystem. As more projects are built on Ethereum, demand for ETH will rise, potentially leading to substantial price increases.

Review of long-term forecasts from financial institutions

Financial institutions provide varying long-term forecasts for Bitcoin and Ethereum. A notable example is Fidelity Investments, which suggests Bitcoin could reach six figures within the next five years due to its deflationary supply and increasing institutional interest. In contrast, a Goldman Sachs report indicated that Ethereum could surpass Bitcoin in market cap due to its utility and adoption in DeFi and NFTs.

JPMorgan has also commented on Ethereum’s potential with the statement that its smart contract functionality and technological upgrades make it a more versatile investment choice. This suggests that while Bitcoin remains a dominant store of value, Ethereum’s growing dominance in applications makes it a robust contender for higher returns.

Recommended further reading and resources for in-depth research

For those interested in widening their knowledge further, consider “Mastering Bitcoin” by Andreas M. Antonopoulos for an in-depth look into Bitcoin’s technical architecture and “Mastering Ethereum” by the same author for comprehensive insights into Ethereum’s capabilities. Websites like CoinDesk and CryptoCompare also provide up-to-date market analyses and expert opinions.

EXAMPLE:

You can also explore “The Age of Cryptocurrency” by Paul Vigna and Michael J. Casey for historical context and forward-looking perspectives on the entire cryptocurrency space.

By diving into these resources, investors can make informed decisions on whether Bitcoin’s stability or Ethereum’s growth potential aligns better with their long-term investment strategy.

Understanding Cryptocurrency Definitions

• Bitcoin’s history, tech, and use cases.
• Ethereum’s role in DeFi and NFTs.
• Market cap and consensus mechanisms explained.

What is Bitcoin?

Brief History and Origin

Bitcoin was created by a person or group using the name Satoshi Nakamoto. The whitepaper was published in 2008, and the network went live in January 2009. Nakamoto envisioned Bitcoin as a peer-to-peer electronic cash system. Unlike traditional currencies, Bitcoin runs on blockchain technology, designed to be decentralized and limited to 21 million coins.

For further reading, “Mastering Bitcoin” by Andreas M. Antonopoulos offers an in-depth discussion on Bitcoin’s origins and technical details.

Core Technology and Principles

Bitcoin uses a decentralized ledger called the blockchain. Each block contains a list of transactions and is secured using cryptographic methods. Bitcoin’s consensus mechanism, Proof of Work (PoW), requires miners to solve complex mathematical problems, adding a layer of security.

To dig deeper into the technical principles, consult “Programming Bitcoin” by Jimmy Song. This book covers Bitcoin’s internal proc

Current Use Cases and Implementations

Primarily, Bitcoin is viewed as a store of value, often referred to as digital gold. Major institutions like Tesla and Square have incorporated Bitcoin into their balance sheets. Smaller use cases include remittances and micropayments.

For a more comprehensive analysis of Bitcoin’s use cases, consider reading “The Business Blockchain” by William Mougayar.

What is Ethereum?

Brief History and Origin

Ethereum was proposed in late 2013 and developed by a team led by Vitalik Buterin. It went live in July 2015. Unlike Bitcoin, which was designed for peer-to-peer transactions, Ethereum was built to support decentralized applications (dApps) and smart contracts.

For an extensive overview, “Mastering Ethereum” by Andreas M. Antonopoulos and Gavin Wood is a go-to resource.

Core Technology and Principles

Ethereum operates on a blockchain similar to Bitcoin but introduces the Ethereum Virtual Machine (EVM), which allows developers to run decentralized applications. Initially using PoW, Ethereum is transitioning to Proof of Stake (PoS) through Ethereum 2.0. PoS aims to improve scalability and reduce energy consumption.

For detailed information on Ethereum’s technical architecture, “Ethereum: The Definitive Guide” by Chris Dannen provides an in-depth analysis.

Current Use Cases and Implementations

Ethereum has a broader scope of applications compared to Bitcoin. It powers a range of dApps, decentralized finance (DeFi) platforms, and non-fungible tokens (NFTs). Examples of popular applications include Uniswap for decentralized trading and OpenSea for NFT marketplaces.

The book “DeFi and the Future of Finance” by Campbell R. Harvey, Ashwin Ramachandran, and Joey Santoro is an excellent resource for further reading on DeFi.

Market Capitalization

Definition and Importance in Crypto Space

Market capitalization (market cap) measures the total value of a cryptocurrency. It’s calculated by multiplying the total supply by the current price. Market cap provides insight into a cryptocurrency’s size, stability, and market dominance. High market cap often equates to greater confidence and lower volatility.

Bitcoin vs Ethereum Market Caps

As of August 2024, Bitcoin holds approximately 42% of the total cryptocurrency market cap, while Ethereum accounts for around 18%. Bitcoin’s higher market cap suggests it’s perceived as more stable, whereas Ethereum’s growing market cap indicates rising adoption in innovative fields like DeFi and NFTs.

For a direct comparison, refer to the article Bitcoin vs. Ethereum: Market Dominance & Adoption in 2024.

How Market Cap Impacts Investor Decisions

Investors often look at market cap to determine a cryptocurrency’s reliability. Bitcoin’s large market cap could appeal to risk-averse investors seeking stability. Ethereum’s increasing market cap attracts those looking for growth potential and innovation. Market cap influences liquidity, adoption, and perceived value—key factors in investment decisions.

Proof of Work vs. Proof of Stake

Explanation of Consensus Mechanisms

Proof of Work (PoW) and Proof of Stake (PoS) are consensus mechanisms used to validate transactions and secure the blockchain. PoW involves solving complex algorithms, requiring significant computational power. PoS, on the other hand, relies on validators who stake their coins as collateral to validate transactions.

Differences Between Proof of Work (PoW) and Proof of Stake (PoS)

PoW, used by Bitcoin, is energy-intensive and criticized for its environmental impact. It’s considered highly secure but less scalable. Ethereum’s transition to PoS aims to address these issues. PoS consumes less energy and can handle more transactions per second, improving scalability and reducing fees.

For more details, review the article Bitcoin vs. Ethereum Mining: Costs, Speed & Key Differences Explained (2024).

How These Impact Security and Scalability of Bitcoin and Ethereum

PoW’s security relies on computational power, making it costly to attack. Bitcoin benefits from this security model but suffers in scalability. Ethereum’s shift to PoS is designed to balance security with better scalability. Validators in PoS are economically incentivized to act honestly, reducing the risk of attacks and enabling faster transaction processing.

Decentralized Finance (DeFi) and NFTs

Role of Ethereum in the DeFi Movement

Ethereum is the backbone of the DeFi ecosystem. It allows the creation of smart contracts that automate financial transactions, eliminating intermediaries. Platforms like MakerDAO, Compound, and Aave leverage Ethereum for lending, borrowing, and earning interest.

For a closer look, the article 7 Ways Bitcoin and Ethereum Shape Decentralized Finance explores this sector in depth.

Examples of Popular DeFi Projects

DeFi projects on Ethereum include Uniswap, a decentralized exchange, and Compound, a protocol for automated lending and borrowing. These projects highlight Ethereum’s capabilities in offering decentralized financial services.

How NFTs Contribute to Ethereum’s Ecosystem

Non-fungible tokens (NFTs) are unique digital assets on the blockchain, predominantly on Ethereum. They represent ownership of digital or physical items. Popular platforms like OpenSea and Rarible enable users to trade NFTs, boosting Ethereum’s use case and driving its adoption.

For an insightful read, “Ethereum for Dummies” by Michael G. Solomon and Ethereum’s official website provide excellent resources on NFTs and their impact.

Bitcoin vs Ethereum: Which Offers Better Returns?

Which is Better to Invest In: Bitcoin or Ethereum?

Bitcoin has shown stability over the years. Its historical performance often surpasses other assets. Bitcoin’s resilience during economic downturns is notable.

Ethereum offers strong growth potential with its expanding network. Upgrades like Ethereum 2.0 increase its value. Key use cases in Decentralized Finance (DeFi) and NFTs drive Ethereum’s adoption.

Ethereum vs Bitcoin Market Trends

Bitcoin and Ethereum show varying price trends and volatility recently. Bitcoin leads in market capitalization. Ethereum follows with significant growth driven by its network.

Mainstream institutions favor Bitcoin for its widespread adoption. Conversely, Ethereum plays a crucial role in DeFi and NFTs, gaining traction among corporations for these use cases.

Cryptocurrency Investment Strategies

Diversifying your holdings with both Bitcoin and Ethereum can be beneficial. This strategy balances risk and potential returns. Examples include portfolios with equal investments in both for stability and growth.

Long-term holding can yield substantial returns. Short-term trading yields quick gains but carries more risk. Successful investors use both strategies depending on market conditions.

Is Ethereum More Secure Than Bitcoin?

Bitcoin relies on Proof-of-Work (PoW) for security. Ethereum is transitioning to Proof-of-Stake (PoS) with Ethereum 2.0. Each method has distinct vulnerabilities, and both are continuously improved by active developer communities.

Which Crypto to Buy Today for Long-Term?

Bitcoin is often favored for long-term investments due to its stability. Ethereum’s innovative applications suggest strong future returns. Experts predict both cryptocurrencies will grow, offering different strengths for investors.

Conclusion

Both Bitcoin and Ethereum have unique strengths. Bitcoin offers stability and widespread adoption, making it a safe long-term investment. Ethereum’s growth in DeFi and NFTs presents high potential returns. For diverse portfolios, holding both is a strategic choice. Based on versatility and future prospects, Ethereum edges out as a slightly better return option today.