Ethereum Flipping Bitcoin / IS IT POSSIBLE ? [ Crypto Scenario ]
Cryptomatics
In today’s video we’ll try to find an answer to the question “What If the flippening would actually happen?” Basically, we’ll look at scenarios where Ether would have a higher value than Bitcoin in the crypto market.
If you’re new to the world of crypto, “the flippening” refers to the moment where the market cap of $ETH would surpass that of $BTC.
This hasn’t happened yet and Bitcoin has grown quite a lot, leaving Ether way behind, which could make this scenario seem less likely than ever.
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The main topics of the video are:
▶ Bitcoin is King
▶ Ethereum As Legal Tender
▶ LOSING Faith in Bitcoin
▶ Ethereum Is…King?
🟡 Bitcoin is King The price of most altcoins, especially of those valuable and popular ones, tends to follow the movements registered by Bitcoin. Basically, the saying “Bitcoin is King” seems to be true. Then again, there have been periods where the price of Bitcoin came to a stand while other cryptocurrencies recorded high increases. $ETH could have its chance of climbing to the top during an alt season.
🟡 Ethereum As Legal Tender Let’s remember what happened in 2021 - El Salvador became the first country in the world to adopt crypto as legal tender and yes, it was Bitcoin. So a scenario of The Flippening would require several countries to adopt $ETH as legal tender.
🟡 LOSING Faith in Bitcoin Once the gas fees problem is solved, Ethereum might become a sought-after asset for investors. Its diversity and adaptibility for various scopes could actually make it a better option than Bitcoin. If that were to happen, maybe institutions that already have Bitcoin funds might decide to make a change and give up on Bitcoin for Ether. The later would experience a strong growth and surpass Bitcoin as a result of institutional investors refocusing.
🟡 Ethereum Is…King? In this kind of scenario, Ethereum will be the one to start the Bull Run and make the Bitcoin is King movement obsolete. This looks unlikely now, in 2022, but things can change drastically thanks to one reason. Crypto adoption is constantly growing and if there ... https://www.youtube.com/watch?v=jtFqFw9x9aM
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