Can Ethereum Flip Bitcoin in Future?

[betswift]

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.

It's not flipping the unit price really.  It's more flipping the market cap, ypu have to talk apples to apples here.  If eth gets up to the same coin price as bitcoin it will have well flipped bitcoin at that point.  Can it happen sure I guess nothing is forever.  But I think bitcoin still runs things and will for a very long time to come.

If we talk about price then I think it will not exceed the price of bitcoin, in this case we need to talk about supply, bitcoin has a maximum supply of 21 million while Ethereum does not have that and can still increase the supply of coins to the market.

I also believe that bitcoin will be much more widespread in the future especially if there are currently developments on the bitcoin network, this shows that it is likely that Bitcoin will continue to be above ETH.

Yep, the cap and adoption of a coin far and wide are essential to its future, both in the crypto world and other places alike. Currently, the cap of BTC is around 1 Trillion dollars, whereas ETH is $300k, which is like 1/3 of it

[NicNacCoin]

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 am not very supportive of Ethereum colliding with Bitcoin. Bitcoin is the most popular cryptocurrency people support Bitcoin the most but Ethereum is much more popular. But that doesn't mean Ethereum will overtake Bitcoin. If Bitcoin is close to 60k then Ethereum is only around $2500 right now so you can assume that Ethereum will not overtake Bitcoin. Whatever you say I never believe that Bitcoin will take over and overtake Bitcoin. But I can say that if bitcoin is around $60k right now then ethereum should be at least around $5000.

[betswift]

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 am not very supportive of Ethereum colliding with Bitcoin. Bitcoin is the most popular cryptocurrency people support Bitcoin the most but Ethereum is much more popular. But that doesn't mean Ethereum will overtake Bitcoin. If Bitcoin is close to 60k then Ethereum is only around $2500 right now so you can assume that Ethereum will not overtake Bitcoin. Whatever you say I never believe that Bitcoin will take over and overtake Bitcoin. But I can say that if bitcoin is around $60k right now then ethereum should be at least around $5000.

And we come to the "overtaking" term again - overtaken by price or FDV or volume?
Anyways, I think BTC will remain the king on the high hill.

[FortuneFollower]

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.

It's not flipping the unit price really.  It's more flipping the market cap, ypu have to talk apples to apples here.  If eth gets up to the same coin price as bitcoin it will have well flipped bitcoin at that point.  Can it happen sure I guess nothing is forever.  But I think bitcoin still runs things and will for a very long time to come.

If we talk about price then I think it will not exceed the price of bitcoin, in this case we need to talk about supply, bitcoin has a maximum supply of 21 million while Ethereum does not have that and can still increase the supply of coins to the market.

I also believe that bitcoin will be much more widespread in the future especially if there are currently developments on the bitcoin network, this shows that it is likely that Bitcoin will continue to be above ETH.

Only time will tell, however, ETH and it's guard of L2's have more in terms of different usages, in my opinion. You hear more about them than BTC, BTC is for storing the value going into the long-term, knowing fully well that you are protected by encryption, POW, and limited supply, that said BTC is the biggest of them all on the market.

[Abiky]

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.

He sure has faith in ETH. But you and I know that will NEVER happen. Especially when Bitcoin has first-mover advantage. Besides, how can a centralized "shitcoin" replace a decentralized project? Yes, ETH has been compromised ever since it made the switch to PoS. Whales and big exchanges now control it. With the approval of spot ETFs, it's even worse. In the case of Bitcoin, institutional investment firms have been trying to accumulate most of the circulating supply. But they will never be able to influence the future direction of the Blockchain, as consensus lies in the hands of miners and nodes themselves. You can thank classical Nakamoto consensus (aka as PoW) for this.

I believe ETH will stay the second-largest cryptocurrency by market cap for as long as it exists. Why focus on replacing or "flipping" Bitcoin? ETH can become a viable alternative to those who need it the most. It can achieve success as Bitcoin's "sidekick". Hopefully, Ethereum goes back to its roots of decentralization soon.

[o48o]

-cut-
May be a tough task beating 60k from below 5k though.

I am pretty sure he means marketcap, and not the price. And people have predicted the "flppening" since eth was born, and before eth, people were predicting that with other alts that were fomoed at the time. And that flippening prediction made more sense during the ico bullrun as eth was actually close to do that.

But at the moment it's not even close. Bitcoin has escaped so much further since, and predicting the flip now does seem out of place. If anything, eth chart looks bad. Fundamentally eth is doing better then ever, and i would understand if people would adopt it, but even if it moons here, i would think it just repeats the pattern with new ath cut short by btc dropping in price.

[d5000]

In my opinion, Ethereum may flip Bitcoin probably only in one case: if they really find a "killer application" for a blockchain with Turing complete script, i.e. an important use case outside of speculation and DeFi.

The "problem" for ETH is that while there may be some possible use cases (for example in the DePIN category, like distributed storage or distributed AI), for ETH really to thrive, two requirements must be fulfilled:

1) The use case is impossible to achieve in a similarly safe/transparent manner with a traditional non-blockchain architecture (e.g. client-server) with PKI (public key infrastructure). This means: "you have to need blockchain for it".

There are not really many services one can imagine, because the "double spend problem" solved by blockchains is almost exclusive to payment systems. In most other use cases a simple distributed public key infrastructure will work too. For example, a "decentralized Uber", which was one of the first dreams in the ETH community, would work much better with an "open" client-server system (with transparent standards, using public key tech in a manner similar to Nostr, and multiple independent web/mobile interfaces to make it decentralized), maybe with some BitTorrent-type P2P stuff integrated, than with a blockchain. Crypto's main usecase here would be payment, but you could use any cryptocurrency for it, including Bitcoin and Lightning.

2) The use case is impossible to achieve with Bitcoin Script.

Bitcoin Script contracts with OP_RETURN data extensions already allow a lot of use cases that were Ethereum's main USPs, like tokens, NFTs (which were invented on the Bitcoin blockchain, by the way), and even DEXes (atomic swap technology). On OP_RETURN, or with the newer RGB technology, even Ethereum-style turing complete contracts are possible. Decentralized voting is also possible with all blockchains.

[betswift]

-cut-
May be a tough task beating 60k from below 5k though.

I am pretty sure he means marketcap, and not the price. And people have predicted the "flppening" since eth was born, and before eth, people were predicting that with other alts that were fomoed at the time. And that flippening prediction made more sense during the ico bullrun as eth was actually close to do that.

But at the moment it's not even close. Bitcoin has escaped so much further since, and predicting the flip now does seem out of place. If anything, eth chart looks bad. Fundamentally eth is doing better then ever, and i would understand if people would adopt it, but even if it moons here, i would think it just repeats the pattern with new ath cut short by btc dropping in price.

Seems reasonable and logical.
And, yeah, ETH is doing great with its L2s and different things upgrading with time + plans for the future.
But in terms of market cap and the whole - flip - it's not going to happen in our lifetime, I imagine

[FortuneFollower]

He sure has faith in ETH. But you and I know that will NEVER happen. Especially when Bitcoin has first-mover advantage. Besides, how can a centralized "shitcoin" replace a decentralized project? Yes, ETH has been compromised ever since it made the switch to PoS. Whales and big exchanges now control it. With the approval of spot ETFs, it's even worse. In the case of Bitcoin, institutional investment firms have been trying to accumulate most of the circulating supply. But they will never be able to influence the future direction of the Blockchain, as consensus lies in the hands of miners and nodes themselves. You can thank classical Nakamoto consensus (aka as PoW) for this.

I believe ETH will stay the second-largest cryptocurrency by market cap for as long as it exists. Why focus on replacing or "flipping" Bitcoin? ETH can become a viable alternative to those who need it the most. It can achieve success as Bitcoin's "sidekick". Hopefully, Ethereum goes back to its roots of decentralization soon.

I may agree.
Flipping the BTC, trying to do it or staying a sidekick for it, sorta - all is good as long we have the ability to invest in it and see it evolve for the better.
That's the main thing, in my opinion.
As you said, there is still lots of work to do in that direction.

[JeffBrad12]

I may agree.
Flipping the BTC, trying to do it or staying a sidekick for it, sorta - all is good as long we have the ability to invest in it and see it evolve for the better.
That's the main thing, in my opinion.
As you said, there is still lots of work to do in that direction.

flipping BTC only possible if ETH got that large chunk of investment from institutional investors, if ETH just getting capital from retailer, then forget about it.
ETH better off staying as sidekick for BTC and no need to flip BTC, . can't imagine the world where ETH dominating entire crypto market with its clunky technology and really bad scalability.
if ETH somehow can flip BTC, ready yourselves for the upcoming thousands of L2 with overrated token.

[ibuddy122505]

I may agree.
Flipping the BTC, trying to do it or staying a sidekick for it, sorta - all is good as long we have the ability to invest in it and see it evolve for the better.
That's the main thing, in my opinion.
As you said, there is still lots of work to do in that direction.

Ethereum could eventually surpass bitcoin, a scenario often called "the flipping." But for this to happen, ethereum would need to outperform Bitcoin in every way. Does this mean bitcoin's dominance is at risk? Some predictions say ethereum’s market cap could overtake Bitcoin’s within the next five years.
There's still a lot of progress to be made, but if professional investors and advisors continue to back ethereum, it might challenge Bitcoin’s top spot. However, I believe both will keep growing, and hopefully ethereum potentially flipping Bitcoin in the future.

[Abiky]

I am pretty sure he means marketcap, and not the price. And people have predicted the "flppening" since eth was born, and before eth, people were predicting that with other alts that were fomoed at the time. And that flippening prediction made more sense during the ico bullrun as eth was actually close to do that.

But at the moment it's not even close. Bitcoin has escaped so much further since, and predicting the flip now does seem out of place. If anything, eth chart looks bad. Fundamentally eth is doing better then ever, and i would understand if people would adopt it, but even if it moons here, i would think it just repeats the pattern with new ath cut short by btc dropping in price.

It seems ETH's spot ETFs are having more outflows than inflows from institutional investors. This shows us how low demand for the cryptocurrency is, compared to BTC. How can Ethereum "flip" Bitcoin this way? It's just impossible. Besides, BTC enjoys first-mover advantage. It was the one crypto that started it all. Good luck beating the "King".

While ETH will remain #2 forever, that doesn't mean all hope is lost. It can continue to improve until it becomes a "force to reckon with". As long as it sticks to the original ideals of decentralization, nothing else matters. Unfortunately, ETH is turning more centralized each day. It won't be long before it gets "owned" by "Wall Street". We can blame PoS for that. Why do you think nothing can beat the real thing (Bitcoin)?

[passwordnow]

I hold both and I'm more fond of thinking that ETH might be out of the top 2 someday. Most of coins that are into top 2-10 have been gone long time ago and were replaced by new projects and that's more of the possible scenario to happen than what Nick is thinking. I don't think that we'll see Bitcoin being flipped by Ethereum or any other on trend projects. It's not going to happen at all but what is likely is that the possibility of it that someday we'd see more projects, the actual ones that has gained a lot of traction in the market.

But to say this, I am not convinced at all. I know that it might not last forever but it's more possible to see what I've said. Maybe it might happen when we're gone but I am not looking forward to that day.

[fikrett]

I hold both and I'm more fond of thinking that ETH might be out of the top 2 someday. Most of coins that are into top 2-10 have been gone long time ago and were replaced by new projects and that's more of the possible scenario to happen than what Nick is thinking. I don't think that we'll see Bitcoin being flipped by Ethereum or any other on trend projects. It's not going to happen at all but what is likely is that the possibility of it that someday we'd see more projects, the actual ones that has gained a lot of traction in the market.

But to say this, I am not convinced at all. I know that it might not last forever but it's more possible to see what I've said. Maybe it might happen when we're gone but I am not looking forward to that day.

It will be an interesting showdown, for sure.
And, yeah. Innovation drives the market, the whole crypto space, actually.
And the funds within it too

[rodskee]

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.

let him think of it and surely will never have it that way , because Bitcoin will never be flipped by Ethereum (NEVER)

there are so many chances that ethereum tried this but never succeed .

[MarbCoin]

Anything is possible! While BTC has the first mover advantage, ETH has its own strengths, especially with its smart contract capabilities and the massive ecosystem being built on top of it.

Will it overtake BTC? Hard to say, but in the crypto space, unexpected things happen all the time. I wouldn't rule anything out!

[passwordnow]

I hold both and I'm more fond of thinking that ETH might be out of the top 2 someday. Most of coins that are into top 2-10 have been gone long time ago and were replaced by new projects and that's more of the possible scenario to happen than what Nick is thinking. I don't think that we'll see Bitcoin being flipped by Ethereum or any other on trend projects. It's not going to happen at all but what is likely is that the possibility of it that someday we'd see more projects, the actual ones that has gained a lot of traction in the market.

But to say this, I am not convinced at all. I know that it might not last forever but it's more possible to see what I've said. Maybe it might happen when we're gone but I am not looking forward to that day.

It will be an interesting showdown, for sure.
And, yeah. Innovation drives the market, the whole crypto space, actually.
And the funds within it too

Interesting but I don't think that we'll see that. It's more that ETH has more competition than of Bitcoin. But it's true that innovation really drives the market as well and it is one of the factors for what is popular in the tech market along with the crypto market too. The funds that drives them is what people attract the most. So, wherever the money is flowing in then for sure that everyone is also diving into it because there's no other option but to ride the innovation that we're seeing and that's how the trend and hype is being made.

[FortuneFollower]

I hold both and I'm more fond of thinking that ETH might be out of the top 2 someday. Most of coins that are into top 2-10 have been gone long time ago and were replaced by new projects and that's more of the possible scenario to happen than what Nick is thinking. I don't think that we'll see Bitcoin being flipped by Ethereum or any other on trend projects. It's not going to happen at all but what is likely is that the possibility of it that someday we'd see more projects, the actual ones that has gained a lot of traction in the market.

But to say this, I am not convinced at all. I know that it might not last forever but it's more possible to see what I've said. Maybe it might happen when we're gone but I am not looking forward to that day.

It will be an interesting showdown, for sure.
And, yeah. Innovation drives the market, the whole crypto space, actually.
And the funds within it too

Interesting but I don't think that we'll see that. It's more that ETH has more competition than of Bitcoin. But it's true that innovation really drives the market as well and it is one of the factors for what is popular in the tech market along with the crypto market too. The funds that drives them is what people attract the most. So, wherever the money is flowing in then for sure that everyone is also diving into it because there's no other option but to ride the innovation that we're seeing and that's how the trend and hype is being made.

Yep, and different foundations also take notice and getting onto the train or leave it because they think it's not worth it to rally this project or that one.
And, you are right - ETH is a second place at the moment, but it's reliance upon L2's for the projects to come should be resolved eventually.

[Abiky]

I hold both and I'm more fond of thinking that ETH might be out of the top 2 someday. Most of coins that are into top 2-10 have been gone long time ago and were replaced by new projects and that's more of the possible scenario to happen than what Nick is thinking. I don't think that we'll see Bitcoin being flipped by Ethereum or any other on trend projects. It's not going to happen at all but what is likely is that the possibility of it that someday we'd see more projects, the actual ones that has gained a lot of traction in the market.

But to say this, I am not convinced at all. I know that it might not last forever but it's more possible to see what I've said. Maybe it might happen when we're gone but I am not looking forward to that day.

Of course. The crypto market changes at a fast pace. Coins that are in the top now, might not be in the future. ETH is no exception. Only BTC is saved because it's the one cryptocurrency that started it all.

With the path ETH is taking, I don't think it will be able to hold the #2 spot for long. Competitors like Solana and BSC are quickly gaining traction. ETH devs should focus on scaling the main chain, instead of forcing everyone to move to centralized L2 networks. I'm talking about Base, Arbitrum, and the likes. Eventually these L2s will face scaling issues as they're limited to the main chain's (L1) transaction capacity. This is just how Bitcoin's Lightning Network works.

By scaling the main ETH chain, fees can remain low forever. Wait times will be reduced, too. Only then, people will find ETH more attractive. And don't let me get started on ETH's centralization issues. The switch to PoS has been nothing but a mess. ETH was more decentralized when it was a PoW coin. I guess ETC is a far better choice. Crypto land often behaves in mysterious ways, so expect the unexpected.

[fikrett]

I hold both and I'm more fond of thinking that ETH might be out of the top 2 someday. Most of coins that are into top 2-10 have been gone long time ago and were replaced by new projects and that's more of the possible scenario to happen than what Nick is thinking. I don't think that we'll see Bitcoin being flipped by Ethereum or any other on trend projects. It's not going to happen at all but what is likely is that the possibility of it that someday we'd see more projects, the actual ones that has gained a lot of traction in the market.

But to say this, I am not convinced at all. I know that it might not last forever but it's more possible to see what I've said. Maybe it might happen when we're gone but I am not looking forward to that day.

Of course. The crypto market changes at a fast pace. Coins that are in the top now, might not be in the future. ETH is no exception. Only BTC is saved because it's the one cryptocurrency that started it all.

With the path ETH is taking, I don't think it will be able to hold the #2 spot for long. Competitors like Solana and BSC are quickly gaining traction. ETH devs should focus on scaling the main chain, instead of forcing everyone to move to centralized L2 networks. I'm talking about Base, Arbitrum, and the likes. Eventually these L2s will face scaling issues as they're limited to the main chain's (L1) transaction capacity. This is just how Bitcoin's Lightning Network works.

By scaling the main ETH chain, fees can remain low forever. Wait times will be reduced, too. Only then, people will find ETH more attractive. And don't let me get started on ETH's centralization issues. The switch to PoS has been nothing but a mess. ETH was more decentralized when it was a PoW coin. I guess ETC is a far better choice. Crypto land often behaves in mysterious ways, so expect the unexpected.

I do agree that if ETH wants its place under the sun, it should follow innovation and scalability for its community, not profits from the foundations and in general.
Otherwise, it's unknown what the competitors will come up with and how it will affect the whole landscape.