Can Ethereum Flip Bitcoin in Future?
Can Ethereum Flip Bitcoin in Future?
Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value. He said that even though BTC has a well-established narrative as “digital gold” that institutions have embraced, he actually believes Ethereum has made the most impact as a blockchain over the past five years. He claims Ethereum remains largely misunderstood by many, and describes Ethereum as the blockchain where the world’s most talented developers are building the decentralized internet.
May be a tough task beating 60k from below 5k though.
Nothing is impossible when comes to this market, but I personally doubt Ethereum will surpass the value of Bitcoin because a collection of factors, being one of them the fact Bitcoin posseses a limited supply and a deflationary behavior by design, while Ethereum does not have such characteristics.
While it is true there are very talented developers working on their projects embedded on Ethereum, the majority of the public on internet still seems to prefer centralized services and are not accustomed to handling their own private keys.
If the average internet user decided to embrace decentralization and learnt how to cryptographically manage their identity, then Ethereum would indeed increase much more in value.
In short, Dapps in Ethereum are direct competitors of centralized services offered by big tech companies.