Fetch.AI vs Bitcoin: Which Crypto Should You Buy In 2022

Last Updated March 28th 2022
15 Min Read

Bitcoin and Fetch.AI may already be in your investment portfolio. But which one has the better investment in 2022 and beyond?

Bitcoin is still a mainstay in most cryptocurrency investors’ portfolios, but as the market continues to evolve, many are now looking for alternative opportunities. Comparing Fetch.AI vs Bitcoin is a good way of deciding how each project may slot into your wider investment strategy. 

Make no mistake, Fetch.AI and Bitcoin are two wildly different projects and there is no question that the former is the more advanced of the two. Its goal is to effectively create a complete artificial intelligence-driven economy, which is ambitious, to say the least. Conversely, Bitcoin is the oldest token on the market and its underlying blockchain limits it to a means of value exchange and little more.

However, despite being somewhat dated from a technical perspective, Bitcoin continues to dominate the market and is by far the most popular token for investors. This tells us that, as things stand, technical credentials do not necessarily equate to high prices when it comes to market capitalisation. 

One way to weigh up Bitcoin vs Fetch.AI is to consider how they might serve for purposes of diversification when planning cryptocurrency investments. Altcoins are usually more volatile than Bitcoin and some may also converge from the wider market when it comes to price direction. 

The purpose of this Fetch.AI vs Bitcoin comparison is to help you identify the strengths and weaknesses of each project and get an idea of how industry analysts expect them to perform over the next few years. 

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Fetch.AI vs Bitcoin  - The Fundamentals

Fetch.ai vs Bitcoin image

We’ve mentioned that the value of a cryptocurrency token is not necessarily indicative of how advanced the underlying technology is. However, when planning investments it's important to have an understanding of the fundamentals of each project, so you can see where it fits in the wider blockchain industry. 

First off, if you’re wondering which coin to invest in 2022, then both Fetch.AI and Bitcoin are certainly worth considering. However, each coin brings something very different to the table and any would-be investor needs to be aware of the key differences between the two in order to effectively manage their investment expectations. 

Bitcoin vs Fetch.AI: What Are The Key Differences Between Them

Here are the most important ways the two cryptos differ:

Fetch.AI

Background

On paper, Fetch.AI is one of the most impressive blockchain projects out there. The project has its beginnings in 2017 when UK firms Itzme AI and uVue entered into a partnership to create a new startup. This startup was then picked up by Binance Launchpad and following an ICO that raised $6 million in seconds, the project was officially launched in 2019. 

The aim of Fetch.AI is to create a platform that allows for the development of bots and automated services, by building a network of AI agents. When it was launched, the platform was much touted as being a key player in the impending Fourth Industrial Revolution.

The potential of Fetch.AI is hard to overestimate. By offering organisations a platform that can streamline time-consuming manual processes, the project has a very valuable use case and, assuming it can deliver on its promises, its native FET token could become highly sought after as time goes on. 

Platform fundamentals

Fetch.AI is inevitable a hugely complex project, so all we can cover here are a few key fundamentals. The main point of the Fetch.AI network is to allow developers to build and deploy agents that can automate tasks. These agents can represent firms, services or individuals and can interact with each other via the Fetch.AI infrastructure. The idea is that eventually, this will allow for an entire AI economy to be created. 

The network consists of three main parts. Firstly, autonomous economic agents are effectively the bots that perform tasks on the network. They can interact with each other, process information from real-world data feeds and even interact with hardware connected to the system.

The Open Economic Framework is a layer that handles data and makes the processing of information more efficient. Finally, there are the Fetch Smart Ledgers which keep everything tracked and organised. All three layers of Fetch.AI use artificial intelligence and machine learning to improve their functions as time goes by. 

The Fetch.AI token

Underpinning the whole Fetch.AI infrastructure is the native cryptocurrency, FET. FET is an ERC-20 token that can be used by developers looking to build and deploy agents on the network. Of course, it is also used to pay for services provided by Fetch.AI. FET is also used in the staking mechanism that holds the whole project together.

In addition to playing a key role in the Fetch.AI infrastructure, FET can also be traded on the open market and is fairly widely listed. It has a supply cap of 1.1 billion and there are some 688,117,804 FET tokens in circulation at the time of writing. 

Don't Miss: The Best 5 Ways To Buy Fetch.ai (FET)

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Bitcoin

Background

Bitcoin is a cryptocurrency that really needs no introduction. Launched way back in 2009, the original Bitcoin blueprint effectively put blockchain technology on the map and introduced the idea of digital finance to the world. 

Initially, it was touted as an alternative to cash that would revolutionise the world of business and finance. However, fast forward to 2022 and Bitcoin’s underlying infrastructure has become somewhat dated, meaning its unlikely to ever fulfil its original use case. BTC transactions take time and resources and the network simply cannot support the transaction volumes required of a retail payment platform. 

However, Bitcoin has carved out a reputation as a store of value and big businesses, along with institutional have started to include BTC in their long-term investment strategies. This has helped to drive BTC’s price to remarkable highs and shows no signs of slowing down in 2022. 

Transactions and Speed

Bitcoin is an old platform by cryptocurrency standards, so it is hardly surprising that it is much slower than the latest smart chains when it comes to processing transactions. Unfortunately, the network’s comparative sluggishness, limited to roughly five transactions per second means it can never offer a genuine means of retail payment. For reference, VISA processes some 1700 TPS. 

The reason that Bitcoin’s limited speed has to do with the way in which it adds new blocks. To verify transactions, miners on the network compete to solve equations and validate new blocks. This not only takes time but also requires a huge amount of resources. In fact, Bitcoin’s annual power consumption has been reported as higher than Finland’s. 

However, despite these apparent shortcomings, Bitcoin has continued to dominate the cryptocurrency market and remains the most popular choice of investment for larger corporations. 

The BTC token

We have mentioned how blocks are created by miners on the Bitcoin network. Each time a new block is added, these miners are rewarded with BTC. This reward is halved at regular intervals, meaning fewer and fewer tokens are being released into the system as time goes on. In 2012, the reward stood at 25 BTC. In 2016 it was halved to 12.5 BTC and then in 2020 it was halved to 6.25 BTC. 

The block reward halving reduces the number of new BTC tokens being released, but the total supply is also capped at 21 million. This means that Bitcoin is increasing in scarcity as time goes on, which in turn could help drive prices higher in future. 

The deflationary effect is further compounded by the fact that many larger-scale Bitcoin investors buy tokens to hold for the mid to long-term, once again, this serves to remove BTC from open circulation and increases scarcity. 

Read Also: Ways to Make (or Lose) Money With Bitcoin (BTC)

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Fetch.AI vs Bitcoin: Which Is The Better Investment?

Fetch.AI vs Bitcoin really is no competition from a technical perspective. The former is an advanced AI and machine learning platform that can revolutionise the way businesses and organisations interact. Bitcoin, on the other hand, has become a means for storing value and not much else. 

However, whilst technical fundamentals are important for investors to be aware of, ultimately they do not necessarily convert into returns. To try and built an idea of how these projects measure up as investment opportunities, we need to turn our attention to price data.

Bitcoin vs Fetch.AI: Price History

Price history forms the foundation for most forecasts, so it's worth taking a retrospect at how FET and BTC have performed in the past. This tells us how each token moves in line with the current market as well as how it may be affected by certain markets forces. 

Fetch.AI

Fetch.AI’s token FET was first listed back in Match 2019 and has seen fairly substantial volatility right from the outset. It was originally trading at around $0.40 but within a few weeks, it had declined sharply to $0.09. By the end of 2019, the token had dropped as low as $0.04. 

Despite its impressive technical credentials and ambitious use case, FET failed to gain traction early on and there was little interest in the token during the opening months of 2020. By April, FET was trading at $0.01. Things picked up across the summer, with FET climbing up to $0.15 before a downturn wiped out most of these gains. In December of 2020, FET was trading at $0.05. 

Despite a somewhat disappointing start, Fetch.AI saw its fortunes start to change in 2021. Along with many other tokens, FET went through several substantial bulls. The first came in February when its token price soared to $0.29. Another uptick came in early March, which sent FET soaring to $0.80% - an increase of over 1500% in just three months. 

The cryptocurrency market then went into a downturn across much of the summer of 2021 and FET was dragged down to $0.20 per token. However, it didn’t take the altcoin long to recover and August was a positive month, which saw FET reach $0.61 before another price surge in September took the token to its all-time high of $1.17.

Since the record-breaking summer of 2021, FET has seen significant volatility but has generally trended downwards. The cryptocurrency market has been subdued across the opening months of 2022.

Bitcoin

Bitcoin has long been noted for its substantial price movement in both directions. The token was worth very little when it first launched - changing hands for pennies at the most, but by 2013 the token commanded a price of $1,242 and had made early investors substantially well off, creating the first cryptocurrency millionaires. 

Naturally, this substantial value increase led to a surge in interest from investors. The token continued to see substantial volatility but the more risk-tolerant were willing to bet on digital currency becoming mainstream. Things reached a head in 2018, after Bitcoin had surged to $19,783 per token, the famous crypto bubble burst and the price of BTC was sent tumbling to $3,430. 

Despite the downturn of 2018, there was still plenty of appetite for cryptocurrency and prices recovered remarkably quickly. BTC was already back above $10,000 by the middle of 2020 and the following year would be the most successful ever. 

By February of 2021, Bitcoin had reached an unprecedented $64,804. This was its highest price to date and led to a surge in investor interest in the cryptocurrency market, which helped propel the prices of many altcoins to new highs as well. The best month for Bitcoin came in November when it reached its all-time high of $69,044. 

Despite the successes of 2021, things took a downturn when 2022 arrived, which the cryptocurrency market is yet to fully bounce back from. Bitcoin sunk as low as $35.180 in January.

Bitcoin vs Fetch.AI: Future Predictions

Having looked at the price history of both Bitcoin and Fetch.AI, it would appear that Bitcoin has offered more stable returns thus far. However, it has been trading for longer than Fetch.AI, so little can be gleaned from these figures alone. To get a better idea of what we can expect from each project in the coming years, it's worth checking out the predictions of leading market analysts. 

Fetch.AI

Fetch.AI has seen a high degree of volatility since it was launched - even by cryptocurrency standards. This inevitably makes forecasting something of a challenge. However, it seems that most analysts are optimistic about FET’s future. 

DigitalCoinPrice, for example, believes that Fetch.AI (FET) is likely to grow consistently over the coming years. Its analysis of price data suggests that Fetch.AI will be worth $0.48 in 2023, which would mark a growth of around 35% on today’s price. By the end of 2024, FET is predicted to have reached a potential high of $0.52 and a year later it could trade as high as $0.74.

Meanwhile, WalletInvestor also predicts growth ahead for Fetch.AI. Its technical analysis suggests the token could reach as high as $0.70 before 2022 is out, which would mean the token doubling in value from today’s price. By the end of 2023, WalletInvestor believes that Fetch.AI could be worth as much as $1.08 and a year later it could reach as high as $1.42.

TradingBeasts is predicting slightly tougher times ahead for Fetch.AI. Whilst its figures suggest the token could grow by as much as 32% before the end of 2022, with a trading price of $0.52, that growth will then cool in the first half of 2023 and the token will drop back to its current price of around $0.35. However, FET is predicted to return to an upwards trajectory by the end of the year and in 2024 it could reach as high as $0.62.

Check Out: Fetch.ai (FET) Price Prediction

BTC

So Fetch.AI appears to be well-positioned as we head further into 2022, but what about the market leader? Well, it would seem that most analysts are predicting a strong recovery from Bitcoin, they only differ on when that recovery will occur. 

One platform that expects a quick recovery is DigitalCoinPrice. Its analysis suggests that Bitcoin will be on its way up in the latter half of 2022, reaching around $52,137. This upwards trend is then expected to continue into 2023, with BTC reaching upwards of $57,606. The platform expects things to cool slightly in 2024 before Bitcoin rallies several times in 2025, reaching a potential high of $72,745.  

Elsewhere, WalletInvestor also believes Bitcoin will have ridden out its current downturn within a few months. Its data suggests that BTC will reach $57,855 by December 2022. This upwards trend is then expected to continue over 2023, with BTC tipped to reach over $83k in December. In 2024, the platform predicts that Bitcoin will finally reach the $100k mark. 

Finally, TradingBeasts has exhibited its usual reserve with its BTC forecast. It has Bitcoin continuing on a downwards trajectory for the next year and a half, potentially losing as much as 27% of its value by late 2023. However, Bitcoin is then expected to bounce back and 2024 could see BTC reach $58,470 - an increase of around 20% on today’s price. 

Of course, these predictions are projections based on previous price data and they are by no means guaranteed. Investors should be sure to conduct their own research in addition to referencing analysts’ forecasts. 

Read Also: Bitcoin (BTC) Price Prediction

Fetch.AI vs Bitcoin: What the Experts Say

Expert opinions can tell us a lot about how the world of business looks upon particular blockchain projects. Whilst they should never be taken as financial advice, these opinions are worthy of inclusion in our Fetch.AI vs Bitcoin comparison, as often leading figures from the world of business and finance have unique insights. 

Bitcoin has always had its supporters. Galaxy Digital’s Mike Novogratz remains among the most outspoken. He has recently insisted that, despite the current downturn, cryptocurrency has the potential to “reshape the world” and Bitcoin itself will increasingly rival gold as an option for investors looking to store value. 

Meanwhile,  MicroStrategy Michael Saylor has gone a step further, insisting that whereas gold can effectively be manufactured or mined, Bitcoin is the “only true scarcity in the world” and he believes BTC is now the best hedge against inflation.

Fetch.AI seems to have slipped under the radar of mainstream business figures. However, alternative asset specialist Nick Black believes it could be poised for substantial growth. He believes FET is a good option for anyone looking to enter the AI sector and he sees the token potentially reaching as high as $15 per token in the near future. 

Fetch.AI vs Bitcoin: Conclusion

There’s no doubt about it, Fetch.AI is one of the most ambitious and technologically advanced projects in the blockchain space. In terms of its applications, it is simply light years ahead of Bitcoin’s now dated network. However, as we have seen, this does not in itself make FET more valuable to investors than BTC. 

Bitcoin has proven remarkably resilient. So much so, that in almost 13 years there have never been any serious rivals to the top spot when it comes to the token value. BTC remains the token of choice for high-level investment and is arguably still the only cryptocurrency that can be rightfully called a household name. 

We’ve looked at price predictions and things seem pretty evenly matched between Bitcoin vs Fetch.AI, as both are tipped for growth over the coming years. Most analysts do suggest, however, that Fetch.AI is likely to experience more volatility month to month. 

So which is the better investment? The reality is that most cryptocurrency portfolios are going to include a holding of Bitcoin and we feel this is still good practice. However, Fetch.AI has a huge amount of potential and if the project can deliver on its promises it could turn out to be one of the major growth tokens of the next decade or so. 

Investing in cryptocurrency is more popular than ever before and access to the markets has never been easier. Before you get started, you’ll need to make sure you have got a suitable crypto wallet and understand how to move send and receive tokens. Once this is taken care of, you’ll then need to find a broker or exchange that can give you access to the markets. 

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FAQs

What does Fetch.AI have?

Fetch.AI is one of the most cutting edge blockchain projects in existence, offering developers a platform to build and deploy autonomous agents. As more of these agents are added to the platform, more processes and tasks of increasing complexity will be able to be acted without human intervention, creating an entire AI-driven economy.     

Can Fetch.AI overtake Bitcoin in 2022?

Fetch.AI is an ambitious project and one that has a great deal of potential. However, from an investment perspective, it has a long way to go before it is likely to rival Bitcoin. Most investors adding FET to their portfolios are likely to be looking at the long term, as the token could become more valuable as more and more organisations adopt AI and machine learning.     

How do I buy altcoins?

If you want to buy cryptocurrency then the quickest and easiest way to do so is via an online exchange or broker. There are plenty to choose from, but if you’re new to the market then we’d recommend checking out eToro, as it is one of the most trusted names in the space and offers a very user-friendly trading environment.     

Is Bitcoin still a good investment in 2022?

Bitcoin has been on the scene since 2009 and continues to dominate the cryptocurrency market - not only being the most valuable token but also having a tendency to steer the direction of the market as a whole. It seems most organisations and institutions investing in crypto are still choosing Bitcoin, which suggests it could still be a solid investment in 2022.     

Will the cryptocurrency market recover this year?

The cryptocurrency market hit a slump in January 2022, which persisted for some weeks afterwards. However, many industry analysts predicted a downturn after the record-breaking year that was 2021 and some believe recovery is already underway. 

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