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.
If we judge fairly and objectively, it can happen because the future is unpredictable. But with what is happening now, I think that is very unlikely to happen and will not happen in the near future.
Right now, all the attention is still focused more on bitcoin than ETH. Not only on forums or crypto investor communities, if you follow the cash flows of bitcoin ETFs and ethereum ETFs, you will also see a huge difference. That shows that large funds and traditional investors are not too interested in ETH over bitcoin at this point. Additionally, ETH has to work harder if it wants to replace the position that BTC is currently holding.
In my opinion ETH cannot surpass BTC.