Our updated Ethereum chart.
Discussion:
My good friend Oleg who is deep in Ethereum and personal friend of Vitalik keeps saying tHat Ethereum will surpass Bitcoin. (I disagree).
Some others tend to agree with him:
'Ethereum Flipping Bitcoin Will Happen ‘For Sure,’ According to Macro Guru Raoul Pal'' :
When asked if he sees ETH “flippening” BTC’s market cap, Pal answers confidently.
“Yeah, for sure. For sure.”
Pal also cautions that there isn’t much of a point in comparing the two crypto assets.
“One is the internet of value, and the other is a store of value.
They’re not the same thing.
The value of all of the mobile phone networks in the world is worth a lot more than gold, but nobody compares them. That’s stupid. But people compare these things.
Now, if in 10 years’ time, Bitcoin has smart contracts, has cheap transactions, all of these things that Ethereum offers, then fine, that may change again.
I don’t think of it necessarily as a permanent flippening. Maybe something else happens. I have a completely open mind.”
Ethereum‘s current market cap is about $452.9 billion, roughly half of Bitcoin‘s market cap, which sits above $903 billion.
My thinking:
Ethereum is expensive and competition like CARDANO, SOLANA, KADENA will be an issue for Ethereum catching Bitcoin, no matter how Bitcoin is quiet at the moment. Plus I like my friend Oleg but I don't trust Vitalik.
One Love,
the FXPROFESSOR
Discussion:
My good friend Oleg who is deep in Ethereum and personal friend of Vitalik keeps saying tHat Ethereum will surpass Bitcoin. (I disagree).
Some others tend to agree with him:
'Ethereum Flipping Bitcoin Will Happen ‘For Sure,’ According to Macro Guru Raoul Pal'' :
When asked if he sees ETH “flippening” BTC’s market cap, Pal answers confidently.
“Yeah, for sure. For sure.”
Pal also cautions that there isn’t much of a point in comparing the two crypto assets.
“One is the internet of value, and the other is a store of value.
They’re not the same thing.
The value of all of the mobile phone networks in the world is worth a lot more than gold, but nobody compares them. That’s stupid. But people compare these things.
Now, if in 10 years’ time, Bitcoin has smart contracts, has cheap transactions, all of these things that Ethereum offers, then fine, that may change again.
I don’t think of it necessarily as a permanent flippening. Maybe something else happens. I have a completely open mind.”
Ethereum‘s current market cap is about $452.9 billion, roughly half of Bitcoin‘s market cap, which sits above $903 billion.
My thinking:
Ethereum is expensive and competition like CARDANO, SOLANA, KADENA will be an issue for Ethereum catching Bitcoin, no matter how Bitcoin is quiet at the moment. Plus I like my friend Oleg but I don't trust Vitalik.
One Love,
the FXPROFESSOR
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