Can Ethereum Flip Bitcoin in Future?

[Sebas.tian]

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.

If you understand the two in your research, there is no way you will not agree with the majority that Bitcoin is more valuable than Ethereum, because Bitcoin has gone round the world more than Ethereum which it will continue to make investors to continue to invest in Bitcoin in the nearest future. For you to agree with other people that said Bitcoin will continue to lead Ethereum in the general market, you have to use this current price in the market to differentiate the two, because the gap Bitcoin is using to gap Ethereum will make you to believe that Ethereum will not overthrow Bitcoin. Do you know that the number of investors moving to invest in Bitcoin daily are increasing more than Ethereum, because they know what they are going to achieve when they hold the Bitcoin for long term.

[passwordnow]

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.

ETH has been there for quite a while and I think that it shall stay there for years. But we don't know if someonething is going to arise and replace it then but with its looks, that's unlikely.

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.

That's one of the reasons why other L2 tokens that have came from ETH started to make their own chain and mainnet and that's to solve that scaling issues. But it's not yet too late for ETH devs to make this difference and they can still work on it to be loved by the people. We don't know about the changes in the future but we've seen top altcoins from the past that are nearly forgotten now.

[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.

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 don't see SOL overtaking ETH's place even with lots of innovation incoming due to them having their own problems, but your view is interesting.
Maybe ETH will improve in the future.That would be nice.

[betswift]

That's one of the reasons why other L2 tokens that have came from ETH started to make their own chain and mainnet and that's to solve that scaling issues. But it's not yet too late for ETH devs to make this difference and they can still work on it to be loved by the people. We don't know about the changes in the future but we've seen top altcoins from the past that are nearly forgotten now.

I don't think we can apply the last sentence to ETH. It will never be forgotten totally, albeit a bit due to the problems that are piling up. Devs should definitely look into them and solve the scalability due to which there are so much L2's currently.
It's essential for the future of the main net, though they don't seem too bothered by it at the moment.

[NewRanger]

I have a view that ETH will always be below BTC no matter how it maneuvers in the future, all the ETH holders have to do is they continue to hold ethereum, the profits will double in the value of USD and that is a sure thing Although nothing seems impossible in this crypto market.

One thing we usually see is that whale investors who have already made a profit in BTC will not necessarily leave it and move on to another project just like that.

[betswift]

I have a view that ETH will always be below BTC no matter how it maneuvers in the future, all the ETH holders have to do is they continue to hold ethereum, the profits will double in the value of USD and that is a sure thing Although nothing seems impossible in this crypto market.

One thing we usually see is that whale investors who have already made a profit in BTC will not necessarily leave it and move on to another project just like that.

Holding BTC is essential and whether you leave your bags for the profit in a year or two, or will hold for a year or two more - everybody's decision, really. The reality is you will be getting a better portfolio for yourself if you continue accumulating it.
With ETH - it follows BTC, thus, waves that happen with BTC go a bit harder on ETH graph, but speaking about "flipping" it - not going to happen, in my opinion. BTC is like a bigger brother to ETH.

[el kaka22]

It can't, and it won't, not anytime soon at least. We are talking about a situation where it is not going to bring us any profit at all, it is going to be something that takes time and we shouldn't really worry about it, I believe that we can make it get better with time, we should just consider that it is going to be something that takes a bit of situation.

So, if we could just consider ETH as something that went up because of how much it was used, then it is not used that much anymore at all. Even if you check just gas fee then you could end up with something that explains why it is not as big as it used to be, because back in the day it was used so much that gas fee was super high, even a simple transaction could cost as high as forty dollars, now when you look at it, it becomes clear that it is very cheap and that's mainly because it is not used a lot.

When something is not as much used as it used to be, then it's clear that we are not going to see people buying it at all, and when people are not buying it like they used to, that means it is not going to go high in price neither. This is exactly why I believe that it is not going to go beyond bitcoin, because bitcoin is doing great at the moment and ETH is not.

[tygeade]

I have a view that ETH will always be below BTC no matter how it maneuvers in the future, all the ETH holders have to do is they continue to hold ethereum, the profits will double in the value of USD and that is a sure thing Although nothing seems impossible in this crypto market.

One thing we usually see is that whale investors who have already made a profit in BTC will not necessarily leave it and move on to another project just like that.

Holding BTC is essential and whether you leave your bags for the profit in a year or two, or will hold for a year or two more - everybody's decision, really. The reality is you will be getting a better portfolio for yourself if you continue accumulating it.
With ETH - it follows BTC, thus, waves that happen with BTC go a bit harder on ETH graph, but speaking about "flipping" it - not going to happen, in my opinion. BTC is like a bigger brother to ETH.

That is true, accumulating more definitely brings in a lot of profit. I think the best thing about crypto is that when you hold bitcoin for a long time, it should be making you a good profit, it shouldn't be that complicated and that is why I like it so much. I understand that it may not feel that way sometimes but that is still true and definitely brings in a great amount of profit.

Sure on bear times people fear that maybe it won't, but the reality is that it will and that's what it matters. I believe that we are going to see this getting to a point where we end up with something that gets a lot better. ETH part is also right, it moves with bitcoin, maybe not exactly, like btc could be up 10% and ETH could be up 11%, like there could be small differences but they move together.

[Abiky]

I don't see SOL overtaking ETH's place even with lots of innovation incoming due to them having their own problems, but your view is interesting.
Maybe ETH will improve in the future.That would be nice.

Maybe. Maybe not. I've seen XRP surpass ETH's market cap in the past. So anything's possible. Would you imagine Solana flipping Ethereum in the future? That would end "Vitalik's Empire" for good. I can't say the same will happen with BTC, because it's the "King of all Crypto". With first-mover advantage, and unmatched security/reliability, BTC simply can't be beat.

Investors better enjoy altcoins while they last. Most of the coins you see now, will cease to exist in the future. Who cares, right? As long as there's money to be made, nothing else matters.

[DOH!]

Can ETH overthrow bitcoin? Maybe. Anything is still possible. But I really don't expect much from it. Why? I still buy and accumulate ETH and when the bullish consolidation of the bitcoin market happens. ETH still makes a big advantage in terms of profit. It is enough for me to hold bitcoin and ETH for a long time. Even hold more ETH because it is still quite cheap at this point.

[CoinFoxs]

Nothing is impossible in crypto world as we have seen a coin which surpassed bitcoin in price but for a shorter period of time. Bitcoin is the Mother currency of all digital currencies so it impossible for any currency to surpass bitcoin in price. Ethereum has potential to reach 10k$ in an year or two but the price of Bitcoin is 20 times of Ethereum. The only way to surpass Bitcoin is bictoin dropped to 3k$ which is impossible.

[TastyChillySauce00]

Nothing is impossible in crypto world as we have seen a coin which surpassed bitcoin in price but for a shorter period of time. Bitcoin is the Mother currency of all digital currencies so it impossible for any currency to surpass bitcoin in price. Ethereum has potential to reach 10k$ in an year or two but the price of Bitcoin is 20 times of Ethereum. The only way to surpass Bitcoin is bictoin dropped to 3k$ which is impossible.

other scenario would be if there are someone with so many BTC in their wallet lost access to it essentially burning it and making the circulating supply lesser than it was, since BTC is capped at 21 million, meanwhile ETH is uncapped therefore it allow the market cap to keep growing as long as the price stays the same (which is unlikely IMO).

therefore I wouldn't bet on ETH flipping bitcoin market cap, even right now so many bad thing is exposed in ETH further fading its reputation.

the competition for altcoin is tough and I could see there might be some coin that can actually flip ETH instead in the future because ETH lacks big investment from big investor. even the ETF is not looking promising.

[fikrett]

Nothing is impossible in crypto world as we have seen a coin which surpassed bitcoin in price but for a shorter period of time. Bitcoin is the Mother currency of all digital currencies so it impossible for any currency to surpass bitcoin in price. Ethereum has potential to reach 10k$ in an year or two but the price of Bitcoin is 20 times of Ethereum. The only way to surpass Bitcoin is bictoin dropped to 3k$ which is impossible.

I do agree with you, ETH will have its place under the sun if it's going to stay true to innovation, but it will never be the first place.
It may have more use cases and good L2's, but everybody would use BTC for accumulation rather than ETH. It's just the way it is, and it's more stable if we look at it as an investment in the long run.

[d5000]

Just read a Coindesk article where analysts argue that Ethereum compared to Bitcoin could fall even lower. ETH/BTC is currently at 0.0395-0.04, and according to the article it could fall to the 0.02 to 0.03 area. Take into account that the ETH/BTC ATH was around 0.08 in 2018, so the ratio has halved since then.

The main reasons according to the article is the preference for Bitcoin since the ETF approvals, and the disappointing performance of Ethereum ETFs which seem to still score net outflows.

Other reasons I have read about in other articles, are the competition of chains like Solana above all in the memecoin market, but also the general dwindling interest in DeFi. Also it seems that transaction fee income for validators is lowering due to L2 competition, which is not bad but may decrease the attractivity of staking.

My point is still: if Ethereum does not really find a "killer application" which really improves people's lives (has to be more than simply speculative DeFi ...) and can't be implemented on Bitcoin, then a "flippening" will very likely be further away each year, and I'm not ruling out that ETH could even fall to #3 or #4. I generally think that Ethereum is one of the better altcoin projects, so I hope it's not overtaken by even more centralized projects like Solana. A completely decentralized #2 like XMR would however be awesome.

[goldkingcoiner]

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.

Ethereum is and always will be a good Bitcoin alternative but I do not see a reason why it would become more valuable. In fact, ever since eth became pos, I would say it has become a worse alternative to Bitcoin than it used to be.

So no, Ethereum won't flip Bitcoin.

[Crypto Library]

My point is still: if Ethereum does not really find a "killer application" which really improves people's lives (has to be more than simply speculative DeFi ...) and can't be implemented on Bitcoin, then a "flippening" will very likely be further away each year, and I'm not ruling out that ETH could even fall to #3 or #4. I generally think that Ethereum is one of the better altcoin projects, so I hope it's not overtaken by even more centralized projects like Solana. A completely decentralized #2 like XMR would however be awesome.

Moreover, if we do a little mathematical calculation, then the matter will appear completely unreal.
For example:
even then there is no maximum supply in etherium let imagine the  120.34 million ETH is the maximum supply on the others hand the current circulating supply of Bitcoin is around 19.72 million.

And if we look the marketcap then Bitcoin market cap is around $1.14 Trillion and the Ethereum marketcap is $275.47 billion source

So if we Imagine that the current bitcoin price to Ethereum then Ethereum market cap will be  6.95 Trillion as their current supply.
And now if Ethereum wants to flip Bitcoin then their market cap needs to be approximately  6.95 Trillion and this is really unreal for me where their current marketcap is only $275.47 billion.

Etherium could be the best altcoin but it couldn't flip the Bitcoin .

[Ludmilla_rose1995]

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.

Everyone is free to have an opinion, I can even say that binance coin can shift bitcoin, but what we have to pay attention to in the field is whether ethereum will have the power to shift bitcoin's dominance at the top? of course that's impossible, bitcoin will always number 21 million while ethereum's supply can continue to be added, this is the big difference between bitcoin and ethereum which of course makes it impossible for bitcoin to be shifted from its current position.

[fikrett]

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.

Ethereum is and always will be a good Bitcoin alternative but I do not see a reason why it would become more valuable. In fact, ever since eth became pos, I would say it has become a worse alternative to Bitcoin than it used to be.

So no, Ethereum won't flip Bitcoin.

Yep, and then again - what does it mean to flip it?
If it means by being more innovative and having better ideals, sorta - I don't see it coming.
If we speak about cap, metrics, and funds flowing - don't see it coming too.
It's not bad as an alternative alongside the BTC talking about it as an investment, I support you there.

[Abiky]

Can ETH overthrow bitcoin? Maybe. Anything is still possible. But I really don't expect much from it. Why? I still buy and accumulate ETH and when the bullish consolidation of the bitcoin market happens. ETH still makes a big advantage in terms of profit. It is enough for me to hold bitcoin and ETH for a long time. Even hold more ETH because it is still quite cheap at this point.

"Quite cheap"? Comparing it against BTC, then yes, that's true. But I'd say ETH is very overvalued. Especially with inflation built into the protocol. Vitalik and team claim the PoS upgrade made ETH deflationary, but the fact is that there's more ETH being produced than that being burned on the network.

As far as I know, there's no hard cap on ETH's supply. Only the original chain (Ethereum Classic or ETC) has it. So I don't see added scarcity, unlike Bitcoin. It's very unlikely ETH will flip BTC during the remainder of its existence. Who cares? As long as ETH does the job it's supposed to, nothing else matters. Decentralization must win for ETH to live up to its purpose. The question is: How long will it take before ETH's centralization issues go away? Only time will tell.

[betswift]

Can ETH overthrow bitcoin? Maybe. Anything is still possible. But I really don't expect much from it. Why? I still buy and accumulate ETH and when the bullish consolidation of the bitcoin market happens. ETH still makes a big advantage in terms of profit. It is enough for me to hold bitcoin and ETH for a long time. Even hold more ETH because it is still quite cheap at this point.

"Quite cheap"? Comparing it against BTC, then yes, that's true. But I'd say ETH is very overvalued. Especially with inflation built into the protocol. Vitalik and team claim the PoS upgrade made ETH deflationary, but the fact is that there's more ETH being produced than that being burned on the network.

As far as I know, there's no hard cap on ETH's supply. Only the original chain (Ethereum Classic or ETC) has it. So I don't see added scarcity, unlike Bitcoin. It's very unlikely ETH will flip BTC during the remainder of its existence. Who cares? As long as ETH does the job it's supposed to, nothing else matters. Decentralization must win for ETH to live up to its purpose. The question is: How long will it take before ETH's centralization issues go away? Only time will tell.

Yeah, it's unlikely that it will happen during our lifetimes, probably, and there are many things that should be patched out / upgraded for ETH to shine once more, not its L2's that have better conditions for new founders/devs on the market currently.
Much of the info can be brought from the articles in the blog of Vitalik Buterin himself, however, it's a looong debate whether ETH will be able to get the centralization thing off it's name