Will Ethereum overpower Bitcoin in the future? Which side are you on?

[jerrygarkia]

The blockchain and cryptocurrency industry is an industry that is constantly changing and evolving. So it’s hard to give you a binary answer inmy opinion. I honestly love both the projects.

However when I look at it from a larger perspective, I realize that the industry is rapidly changing and the top project maybe something we least expect. I see a lot of development happening in the Web3 ecosystem with respect to Polkadot. I see new projects like Concordium which are exploring new paradigms like Faas( Finality as a Service ) and are backed by years of Academic Research. DeFi is changing the way we know Finance.

If there is one thing we can learn from the industry, its that change is the only constant and BTC is King. It has always been.

Ofcourse Ethereum is very innovative, it is infact one of the most innovative projects out there, but BTC will continue to dominate unless Ethereum brings something so huge that it will lead mass adoption and will be seen a better store of value than BTC. Ethereum was never intended to be a store of value.

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[Fundamentals Of]

Ethereum has already contributed a lot of significant developments in the crypto space but it does not mean that it will dethrone Bitcoin. Bitcoin's top spot is not just about technicalities. It is there not because it is the fastest, cheapest, most anonymous, etc. It is there because it is the founding father of all the cryptocurrencies that we now know. And that is enough for the largest community of crypto supporters to trust Bitcoin before anything else.

There is no talking about Ethereum overpowering Bitcoin or vice versa. Bitcoin will always stay on top. It is the most widely trusted and accepted and known. Ethereum is also the king but only among altcoins.

[CryptopreneurBrainboss]

When you say overpower, what exactly are you driving at? I'll just assume you meant price and replacing it as the no1 cryptocurrency in trading volume. For the price, that's unlikely to happen. Bitcoin has a finite maximum supply but that of ethereum is infinite meaning the total coin that would be tradable for both project, that of bitcoin will always have advantage over ethereum will serve as a catalyst for the continue dominate of bitcoin over ethereum (just in the price aspect).

As for the trading aspect (market capitalization) I think it's just a matter of time before bitcoin gets overthrown either by ethereum, USDT or some other project. These doesn't mean they'll be priced more than bitcoin but just that more individuals would be interested in trading this pairs instead of bitcoin. In the last 2 years the news had less to do with bitcoin excluding the halving news. From the likes of ICO, privacy focused projects to IEO and now DeFi, altcoins has been the driving force of the industry and that's not stopping anytime soon.

We all know bitcoin is no longer the highest priced cryptocurrency, Yearn.finance is (currently trading at $30,500). First mover advantage, trust etc, is on the side of bitcoin though so it won't be easy for any altcoin to overthrow.

[cryptoaddictchie]

I getting the feeling that bitcoin would not retain its position if the defi and yield farming continues. This new concept of mining has an easy way than a regular mining via equipment so probably there are miners who knows how to trade will be interested with these kind of business.

Considering eth will shift to PoS isnt it convenient when they already there? The only choice of miners is to find a new coin to mine or shift to a different approach of farming which is we know gave a lot of profits.

Im positive either yfi, eth, dot could reach bitcoin marketcap but not now, maybe few years depending on the intense of defi now.

[BlinkInDie]

It's great to see ETH2.0 tested without any issues showing up at all, this is one of the reasons why ETH pumped like crazy for the past few days. It even reached $462 today, which is a new ATH for the past 1 year.

You also have to admire what Vitalik and the team is doing, they're not stopping with the project development and is kinda similar to what NEM has been doing. If ETH2.0 is for ETH, they got Symbol which is blockchain for businesses, people are already using it prior to their token launch.

[noorammak]

There are a lot of projects built on the ethereum network, and DEX exchanges are overloading the ethereum network. Solutions are needed to make ethereum faster, less expensive. The developer of ethereum is expected to launch ethereum 2.0 soon.
Bitcoin is different from ethereum, it was first born and more interested in the world, many organizations are now buying bitcoins to include in their portfolios.
Every bitcoin's price action has a huge effect on the market as a whole. I think Bitcoin is still the number 1 crypto on the market.

[Psynthax]

as long as most of people sees BTC as the most precious crypto ethereum not gonna over power btc. when everyone thinks about crypto they always remembered of bitcoin and not ethereum. If Ethereum could change that mindset world wide then sure it can overpower bitcoin but near in the future I can't see that to happen although I do agree that the changes in crypto market is so rapid.
There are for example many coins out there making some new innovation but can't overtake bitcoin position for one simple reason, because bitcoin is branded as the most precious currency and when comparing to ETH it's like comparing gold to steel considering how much gaps it has by each coin prices alone.

[bitcampaign]

all crypto markets are focused on bitcoin, so I think it is very difficult for ethereum to replace bitcoin, in the development maybe many large projects that use the ethereum network into their projects, obviously it will benefit ethereum as well in the future, only a few are less good namely transaction fees expensive and high, the problem they cannot solve is how to make it cheaper

[Eco_111]

Not gonna happen sir, people and crypto community supports Bitcoin more than ethereum and Bitcoin has the highest Marketcap and volume, Bitcoin is the first and well recognized than other coins, I believe things will be this way for a very long time to come

[bigcash2011]

The blockchain and cryptocurrency industry is an industry that is constantly changing and evolving. So it’s hard to give you a binary answer inmy opinion. I honestly love both the projects.

However when I look at it from a larger perspective, I realize that the industry is rapidly changing and the top project maybe something we least expect. I see a lot of development happening in the Web3 ecosystem with respect to Polkadot. I see new projects like Concordium which are exploring new paradigms like Faas( Finality as a Service ) and are backed by years of Academic Research. DeFi is changing the way we know Finance.

If there is one thing we can learn from the industry, its that change is the only constant and BTC is King. It has always been.

Ofcourse Ethereum is very innovative, it is infact one of the most innovative projects out there, but BTC will continue to dominate unless Ethereum brings something so huge that it will lead mass adoption and will be seen a better store of value than BTC. Ethereum was never intended to be a store of value.

It is not easy to replace btc or eth by any new coin. Even these two giants cannot replace eachother due to the uniqueness and their own class, features, community and ecosystem.

[Ceyflix-Rez]

I'm on Bitcoin and Ethereum side actually, I don't have to choose a side mate and that's because Bitcoin and Ethereum are different blockchain platform and they are both useful too, instead of finding out which one will win over the other I prefer having both in my portfolio

[Slow death]

I will give my opinion on these two currencies:

Bitcoin: bitcoin is widely accepted because it has a very good philosophy, that of decentralization and the fact of having an anonymous creator makes people feel more confident that something is worth investing in the long term, the bitcoin community is that decides a lot of things and that Is another factor that makes people like Bitcoin

ETH: it has a lot of innovation, but it has the obstacle of its creators not being anonymous and having the power to decide many things, look at a great example now: a twitter of some ETH creator talking about ETH 2.0 takes the price of ETH to the moon , obviously we can clearly see that the opposite can happen, yes it could happen that some creator of ETH speaks ill of ETH the price of ETH touch the deepest place on earth which would be an unforgettable drop, but this cannot happen with bitcoin

[casperBGD]

I will give my opinion on these two currencies:

Bitcoin: bitcoin is widely accepted because it has a very good philosophy, that of decentralization and the fact of having an anonymous creator makes people feel more confident that something is worth investing in the long term, the bitcoin community is that decides a lot of things and that Is another factor that makes people like Bitcoin

ETH: it has a lot of innovation, but it has the obstacle of its creators not being anonymous and having the power to decide many things, look at a great example now: a twitter of some ETH creator talking about ETH 2.0 takes the price of ETH to the moon , obviously we can clearly see that the opposite can happen, yes it could happen that some creator of ETH speaks ill of ETH the price of ETH touch the deepest place on earth which would be an unforgettable drop, but this cannot happen with bitcoin

did not catch where you are heading with this post?
you say that both coins have the future, and i agree, but here is the topic "the rate of rise" that both coins will have, and i think that ETH will going to have steeper curve to the upside than BTC in a short term period, could not talk about long term perspective since it is a very dynamic market, and both coins have a lot to process in a near term to be certain what their prospective development will be, hopefully ETH will be able to launch ETH2.0 at the time, and this DeFi surge will not implode catastrophic at one moment, and ETH could de-throne BTC next year

[zasad@]

Vitalik called bitcoin a" collector's item"at the time. Bitcoin will remain the world's gold and will take its place among the world's assets.
Ethereum is a more progressive coin that is needed for the network to function. Ethereum is evolving in the right direction by changing its algorithm.
The value of this coin depends on its usefulness and not on the number of megawatts of electricity spent on mining.

[Docbee]

The blockchain and cryptocurrency industry is an industry that is constantly changing and evolving. So it’s hard to give you a binary answer inmy opinion. I honestly love both the projects.

However when I look at it from a larger perspective, I realize that the industry is rapidly changing and the top project maybe something we least expect. I see a lot of development happening in the Web3 ecosystem with respect to Polkadot. I see new projects like Concordium which are exploring new paradigms like Faas( Finality as a Service ) and are backed by years of Academic Research. DeFi is changing the way we know Finance.

If there is one thing we can learn from the industry, its that change is the only constant and BTC is King. It has always been.

Ofcourse Ethereum is very innovative, it is infact one of the most innovative projects out there, but BTC will continue to dominate unless Ethereum brings something so huge that it will lead mass adoption and will be seen a better store of value than BTC. Ethereum was never intended to be a store of value.

I could remember we've discussed this kind of topic over and over, this is  just a recycled topic.  Not trying to derogating the poster in any form at all.

On the issue of ETH overpowering BTC.  The fact is that, it might be difficult, but nothing is impossible in life, it may not be possible now but there could be possibility sometimes in the future, especially if bitcoin fails to develop at expected rate and ETH is getting some exponential use case, definitely there could be some shift in power.  So, it might be terribly difficult, but the possibility cannot be ruled out.

[Zeehaxan]

I think this discussion of overthrowing is not useful, we are supporting advanced tech that is blockchain technology and bitcoin and ethereum are its finest products so we should support them irrespective of price and other things.

[bakasabo]

I predict, that the only way Ethereum can overpower Bitcoin is in demand race, but not in price comparison or popularity.

As CryptopreneurBrainboss mentioned, "finite maximum supply" of bitcoin will only stimulate price growth, but infinite amount of Ethereum will make it used more widely. Look how it was: Ethereum stimulated projects to use blockchain in different fields, first were ICO boom, now DeFi. And what about Bitcoin - from anonymous and jet transparent payment system transferred into an instrument of getting profit.

[judeafante]

Ofcourse Ethereum is very innovative, it is infact one of the most innovative projects out there, but BTC will continue to dominate unless Ethereum brings something so huge that it will lead mass adoption and will be seen a better store of value than BTC. Ethereum was never intended to be a store of value.

My vote is still on Bitcoin the dominance is still there and I don't see it changing in the next two years Ethereum is still a long way to go but they are still developing and evolving with new features every year.
Dominance:
BTC 54.8%
ETH 13.0%
USDT 3.35%

There are a lot of works to be done adoption is still ongoing and for people to get into the other coins, they must go through Bitcoin first, it's the one that started it all and the basic of Cryptocurrency is Bitcoin.
 

[Jackl87]

I also think that Etherum will have a hard time to overtake Bitcoin as the dominating cryptocurrency.
Bitcoin will just always have the advantage of being the first of its kind.
If you talk to people that are not into crypto then they only know bitcoin an nothing else.
Ethereum offers more possibilities though.

[Mulann2]

I don't understand why the op is comparing this both coin because I know they don't offer similar services so know need to ask if eth can overtake  btc, but if I have to choose,  then i believe btc will always remain strong and above eth.