Can Ethereum Flip Bitcoin in Future?

[ContentWriter]

This guy thinks so...

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.

[Hispo]

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.

[Marvell1]

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.

[SquirrelJulietGarden]

This guy thinks so...

Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value.

It depends on your view.

In my view, Ethereum loses its value against Bitcoin.
https://www.coingecko.com/en/coins/ethereum

You can tick BTC at "Compare with: BTC  ETH" and see the value loss of Ethereum. From value of 1 ETH exchanged to about 0.15 BTC in 2017, now ETH value against BTC is 0.042.

The value change is clear and it does not show value growth of Ethereum. I am not Bitcoin maximalist, just say the truth.

Ethereum market cap comes from massive premined ETH.

[DaveF]

Very doubtful. Too many people avoid altcoins, even those that don't avoid POS coins since it's somewhat trivial for an entity with enough money to take control of it.

Back of the napkin math there are 34 million ETH staked out of 120 million. If over the course of a year or 2 a large company / any government could easily obtain more then that to setup their own staking nodes and then control the staking process. Assuming that ETH doubles in price while this is happening you are still only taking about 120 billion USD. Which is a lot of money for you and me but not for a mega corp or a country.

Although anti BTC people like to say the same about BTC and POW coins the cost would be much greater between the obtaining of the hardware, the setting up of the power needed and a lot of other logistical issues.

-Dave

[Taskford]

This guy thinks so...

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.

That scenario will only happen if all bitcoin holders will decide to dump their BTC then think about put their money in ETH, But this scenario is hard to happen. Bitcoin already built a solid foundation which any coin or either those old solid ones would provably hard to break.

This discussion has been tackled up for many times but those assumptions didn't happen. We see bitcoin experience a long bearish streak, but nothing happen and no coin surpass it. It also means that if bitcoin price fall the confidence of people to the whole crypto  will fade out because for sure they afraid that what happen to bitcoin might also happen to other one. That's why when we see bitcoin price rise again and have good recovery every coins and tokens in the market is doing great movements again.

[Churchillvv]

Folks has been expecting this statement for a very long time now but truth remains that it's an imagination that wouldn't be possible.

Even though nothing might seem impossible in the market but it well thought of ETH only even makes it's positive movements when bitcoin increases in price meaning it seems to be attached to bitcoin price movement, how then do you think it can flip bitcoin anytime?

[dzungmobile]

I did not know about this man Nick Tomanio. My search goes to
https://x.com/ItsBitcoinWorld/status/1827197679639933370

Nick Tomaino, founder of 1confirmation, predicted that Ethereum (ETH) will surpass Bitcoin (BTC) in market cap within the next five years. He noted that while BTC's market cap is currently four times larger than ETH's, both cryptocurrencies will continue to grow. Tomaino highlighted that BTC is seen as digital gold with strong institutional support, while ETH, despite its significant influence in the crypto space, is less known outside the industry. He pointed out that ETH's scarcity, yield potential, and real-world use cases make it an attractive investment, and he expects increased Wall Street adoption to drive its growth.

Marketcap, he meant so if the news is accurate.

About market cap of altcoins, you need to read this one.

• Bitcoin vs. Altcoins – projected Marketcap
• Don't believe in altcoin market caps. Like if Pepe suddenly has 10x or 100x, will that shit token becomes better than Ethereum? Nope

[Amph]

no eth is just another shitcoin, everything that other coin have, can be implemented in bitcoin, we don't actually need any of them

[bitbollo]

I think that, before answer to this question it should be more useful understand the difference between the two coins.
Once you realize the difference between... you will understand that unless some "external help" (like a government that issue a fixed price for conversion) it would be close to impossible that eth can flip btc.

[mirakal]

Well, that person loves ETH the most because he believes it is a possible thing to happen. Indeed, the market is unpredictable, but we can't deny the fact that ETH is just an altcoin following in the footsteps of bitcoin. If ever the price of bitcoin flips down, much more for ETH. 

Maybe if he says that ETH will reach $10k, I could agree with him, but saying it beats bitcoin won't gain support from me. Maybe it was not clear to him, OP, about the current situation, and ever since, ETH is still far from bitcoin. 
Bitcoin will still dominate the market even in the future, and ETH will remain second.

[ndutndut]

Bitcoin (blockchain Gen1) which only works for Peer to Peer Networks but is already trusted as a store of value like gold, then there is Ethereum (blockchain Gen2-3) where this blockchain has a smart contract feature so that we can embed transaction contracts in the form of program code, this is something revolutionary. The advantage of eth is smart contracts and their features because they are always updated and improved. The advantage of btc is its decentralization, because the system has never been changed since the beginning.

In all aspects if we compare the two, BTC is still far superior. Btc is still in first place. So my conclusion is, ETH will never be able to surpass BTC.

[thecodebear]

No. That idea is laughable. The flippening gained popularity in 2017 when Ethereum surged to relevance and people thought it might create a whole global ecosystem of crypto apps. Didn't take long to realize the flippening had zero chance of ever happening. Honestly its crazy there are still people who think it'll happen.

Since 2017, it's been 7 years, and in that time Ethereum has gone through three fads that have all flopped hard, Ethereum became far more centralized and less secure with its change to PoS, the burning thing failed to contract supply since that required high congestion and users just use L2's now to avoid the ultra high fees on Ethereum, Ethereum's hoped-for high 6%+ staking rewards failed to materialize and instead settled at 2-3% which isn't that exciting for investors, ETFs launched and while TradFi and institutions are very interested in Bitcoin they have very LITTLE interest in Ethereum. And honestly it is unclear if Ethereum will even have another fad up its sleeve to give it a temporary huge pop in price like it got in 2017 and 2021.

At this point Ethereum is mostly just the graveyard where useless meme tokens die after some of them get their couple weeks in the spotlight.

Realistically the only direction the price of Ethereum is going against Bitcoin long term is down towards zero, like every single other cryptocurrency. Sure Ethereum will continue to increase in price, because it's the center of the Crypto world and people are gonna keep attempting to build projects on it, but its 2017-2021 heyday is gone and it'll no longer keep up with Bitcoin's price growth long term. In 20 years I wouldn't be surprised if Bitcoin has passed $1,000,000 (16x from here) while Ethereum is at like $30k (11x from here) or less. Ethereum is currently at 26% the market cap of Bitcoin, long term that'll probably drop to like 10%, going up to 100% is absurdly naive and impossible.

[Blitzboy]

Nick Tomaino's got a point. Ethereum has some quite great promise. This is a flexible platform, a creative hub. Developers really enjoy it, and thats quite important.

Clearly said, though, Bitcoin is the king. Digital gold is what we mean. It has history, trust, and that first-mower advantage that is difficult to surpass. It resembles the best real estate available in the crypto world. Ethereum might be the new, shiny building going up next door, full of potential. But Bitcoin is the accepted landmark; everyone recognizes and trusts this one.

Ethereum's not a bad investment. It might very likely keep expanding, or even flourish. But dethroning Bitcoin is kinda impossible. People want consistency. What they know appeals to them. Natural human nature is what it is. And right now, Bitcoin is a symbol of stability in the crypto world. Its the safe haven, the asset people turn to when things get shaky.

[Ruttoshi]

This guy thinks so...

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.

I don't think that will be possible in future for Ethereum price to surpass bitcoin because it does not have any potential or problem that it solves and thay is what will ignite Etherum adoption to make the value increase. It is because of the problem that bitcoin is solving and its decentralized nature that is giving it more value and making its adoption to be increasing overtime.

Etherum is centralized and lost its potential after it was changed from PoW to PoS making it more of a shitcoin. Bitcoin is king amd will remain king because it cannot be controlled by anyone.

[tranthidung]

I don't think that will be possible in future for Ethereum price to surpass bitcoin because it does not have any potential or problem that it solves and thay is what will ignite Etherum adoption to make the value increase. It is because of the problem that bitcoin is solving and its decentralized nature that is giving it more value and making its adoption to be increasing overtime.

The discussion is about market cap of Ethereum, and its potential flip against Bitcoin market cap.

Bitcoin market cap is $1,265,480,644,730 and Ethereum market cap is $332,124,429,174 according to data on Coinmarketcap [1]. These figures mean Ethereum price need to rise about 4 times than now to flip Bitcoin in market cap, if Bitcoin stays nearly the same. If Bitcoin price rises more, Ethereum will need to increase more than 400% than today price to flip Bitcoin in market cap.

It's possible for Ethereum because it's good to hype altcoin investors as a King of altcoins but if Ethereum makes it with market cap, it does not mean ETH is more valuable than Bitcoin.

[1] https://coinmarketcap.com/

[Dunamisx]

Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value.

Is it on the same way ethereum has been woefully performing these days and yet to make it to a all time high be one of the reason to use for his future predict ahead of bitcoin, that is never going to be possible, we don't have to agree with what everyone is saying online, some could be misleading, the distance from where bitcoin is currently to where ethereum is cannot be quantify because its too much, this is just a dream that may never come to pass, the public should not be misguided, bitcoin will always remained the most preferred in terms of everything, even the entire altcoins does not quantify half of what bitcoin is.

[pooya87]

That sounds like a nice joke

Ethereum is just another centralized shitcoin and even without being a shitcoin, its unlimited supply ensures that it can never surpass the limited supply bitcoin ever. The inflation of ether guarantees that.

he actually believes Ethereum has made the most impact as a blockchain over the past five years.

And what impact is that? Ethereum is still only used to create token scams. It has no real world utility whereas bitcoin is a payment system like it has always been.

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.

Whenever someone makes this claim ask them to give you an example where they've made "decentralized internet". LOL
Ethereum is not even capable of doing that. All you can do is to create some tokens in that platform to scam others an make some money. It is not even decentralized to be able to build "decentralized internet" on top of it.

[Dr.Bitcoin_Strange]

There's a saying that nothing is impossible when it come to price volatility of crypto currency. That's only true to some extent, I really doubt that Ethereum can be able surpass Bitcoin any day in the future, that will be impossible because Bitcoin is not a POS token Ethereum and apart from that, there are so many factors that is known to make Bitcoin keep surging high every bull market.

[PrivacyG]

How has Ethereum had the biggest impact?  Is it the Scams?  Is it all the Shit Coins that still exist on it?  Is it the Centralization, the move to Proof of Stake?  Where is the impact?

I can not deny that it is a powerful Cryptocurrency but it had no positive impact on the Market other than that it brought a LOT of people to Cryptocurrencies.  But even this is not positive either, because most of them ended up losing their Life Savings or getting Scammed.

No, Ethereum will not overturn Bitcoin.