Ethereum bitcoin marketcap flippening

The merge is scheduled for September and will make ethereum a low-energy usage blockchain, as it will have abandoned the high-energy intensive 'proof of work' method for verifying transactions that was invented by Satoshi Nakamoto with the founding of bitcoin. The merge will not only dramatically improve ethereum's environmental impact, it will also pave the way for cheaper and more efficient transactions on the network.

Ethereum's merge to proof of stake could open the blockchain to inward investment from institutional finance, which remained cautious in the past because of the carbon footprint associated with proof of work. One of the world's largest cryptocurrency exchanges, Coinbase COIN , forecasts that US domestic institutional clients will wish to generate yield by staking ether after the merge. Coinbase Prime now provides institutions with an end-to-end staking experience.

Story continues Clients can create a wallet, decide how much to stake, and initiate staking with a Coinbase Prime account. Staking 32 ether sets up an ethereum node, and is the equivalent of a mining operation on the bitcoin blockchain. Read more: Ethereum supply to shrink after 'Merge' upgrade, says Vitalik Buterin Staking ethereum, in the proof of stake consensus mechanism, allows the node to verify transactions and take rewards through generous yields.

In ethereum 2. Investors are bullish on ethereum forecasting that a successful merge to a proof of stake consensus mechanism and the restricting of yearly issuance will appreciate the price of its native token, ether. Some analysts will undoubtedly argue that talk of a flippening is incredibly ambitious.

Rai added that, in the long run, Bitcoin is shaping up to be digital gold, meaning that its eventual market cap will be on par with the precious metal. By contrast, he pointed to how Ethereum's programmable nature means that it has a much broader range of use cases — arguing it could play a starring role as companies including Facebook turn their attention to the metaverse. Rai said: "Ethereum is trying to power the rails of all of global finance in the future, and that is a much bigger market … If it does succeed, and if the thesis plays out, then the market value is going to capture trillions of dollars in global activity, and that's a much bigger market than what Bitcoin's going up toward.

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Though it is also important to note that Bitcoin is already being mined with mostly renewable resources which is great to see. This undisputed life raft in the digital space has been presented in the form of Bitcoin. Also, Bitcoin holds the title as the best performing asset of the decade so of course, it is turning some heads and gaining a lot of attention in the investment industry as people chase high returns.

Bitcoin takes the cake from an investor standpoint as we have seen many companies such as Tesla, Block Previously Square , MicroStrategy and Ark Invest add Bitcoin to the company balance sheets. As it stands now, we are not seeing nearly as much interest in Ethereum from an institutional or company viewpoint as we are with Bitcoin. There are multiple networks such as Solana, Cardano, Polkadot, Tezos and Avalanche who are superior to Ethereum in many metrics.

Many believe the only reason that Ethereum is still in the lead is simply due to it having a first-mover advantage and attracting the most developer activity from the start, giving it a massive headstart in terms of network effect.

I tend to agree with this narrative, if each of those networks launched for the first time tomorrow from scratch, Ethereum would get smoked and left in the dust. Who on Earth would choose ETH with its atrociously high gas fees and slow confirmation times over many of the alternatives?

Image via delphidigital. Plus the promise of Eth 2. Where Bitcoin has a massive advantage here is that there are really no viable alternatives or competition to Bitcoin in its niche and narrative as being the ultimate store of value.

ETH has challengers looking to take the title while Bitcoin remains unchallenged unless you consider that Ethereum could someday do what Bitcoin does but better which is a possibility. Ethereum on the other hand is undergoing experimental changes and there is a risk of failure with the launch of Eth 2. Nobody knows what is going to happen to ETH and it could result in a cataclysmic failure of the network as opposed to Bitcoin is just good old Bitcoin.

This concept can sort of be compared to living in a house. Would you prefer living in a house that is already built and good to go with a solid foundation, or live in one where workers are still building walls and putting up a roof that could collapse on you at any time? The Lindy effect proposes that the longer something has survived, the longer it is likely to exist in the future.

In the world of technology, 12 years seems to be a key milestone. Statistics show that tech that has survived for 12 years has a much higher probability of existing into the future. Bitcoin has existed for 13 years, a very important metric for sure. This will happen again once ETH 2. This argument can be disputed quite easily as both inflationary and deflationary assets both have pros and cons and just because an asset may be deflationary does not mean it is automatically superior.

It also enjoyed the taproot upgrade in which attaches multiple signatures and transactions together, making it easier and faster to verify transactions. Taproot was crucial in allowing the Bitcoin network to scale, providing greater efficiency and privacy on the network and even unlocks the potential for smart contract and NFT functionality which could be a real game-changer. We cannot talk about Bitcoin development without also mentioning the Stacks STX protocol which works with the Bitcoin network to unlock its full potential.

There has been developer activity and projects working on DeFi platforms, NFT applications, and even a Metaverse on the Bitcoin network. Many Bitcoin maximalists feel that it is only a matter of time until Bitcoin can do everything that Ethereum can do, and when that happens all other cryptocurrencies will simply fail and crumble as Bitcoin will be the only token and network needed.

I have my doubts on that, though if Bitcoin could do everything Ethereum can do someday, would we bother with both? While I believe in a multi-chain future, Bitcoin having all the functions of Ethereum would certainly be interesting and would likely take much of the market share away from ETH. In this scenario, I believe that they would likely exist side by side like a Coca-Cola and Pepsi scenario. In the unlikely scenario that Bitcoin is able to become a serious Ethereum competitor and perform all the same functions before Ethereum flips Bitcoin then I think it is highly unlikely that a flippening would ever happen.

But remember that there are WAY more no-coiners out there and they are adopting Bitcoin far faster than Ethereum. Look no further than entire cities like Miami and New York launching city tokens on Stacks which works in conjunction with Bitcoin, and we are seeing a growing number of politicians, athletes and the general population asking to be paid in Bitcoin.

Ethereum and every other crypto…. Aside from Dogecoin perhaps, are still relatively unknown to the wider population. The same cannot be said for Ethereum. It truly is a very fascinating race to watch play out. I think of Bitcoin vs ETH in the same way, but they are racing on different tracks that may or may not overlap in the future.

It is possible for ETH to flip Bitcoin in but I really think it is highly dependent on mainstream crypto adoption itself. Though this is all dependent on how fast development happens on the Bitcoin network and an even bigger factor to consider is how fast the world adopts crypto.

Ethereum will not be able to keep pace in that scenario in my opinion as many of these people will likely have little understanding nor care about Ethereum and will mostly focus on BTC exposure. Though many of you may disagree which I totally understand as it is fathomable to think that NFTs, DeFi, Metaverses and Blockchain gaming is ultimately what will onboard the masses. I guess it comes down to where is more money going to come from? It really comes down to opinion and what you think will grow first and the fastest.

Is there a greater demand for the future of the internet and infrastructures that make up our lives, or the need for a more robust and secure global monetary system, and how close is each network to achieving that ultimate and final narrative? Readers should do their own research. Not to mention that global traditional financial institutions use far more energy consumption than Bitcoin mining ever will, but for some reason few people decided to consider that.

Be sure to check out our article on why Bitcoin mining energy worries are nothing more than FUD. The media caused a lot of uninformed people to form an unfairly biased opinion, but I digress. Eco-friendly crypto IS an important topic and I agree that we need to take care of our planet.

As Ethereum moves to a proof of stake consensus with the ETH 2. Though it is also important to note that Bitcoin is already being mined with mostly renewable resources which is great to see. This undisputed life raft in the digital space has been presented in the form of Bitcoin. Also, Bitcoin holds the title as the best performing asset of the decade so of course, it is turning some heads and gaining a lot of attention in the investment industry as people chase high returns.

Bitcoin takes the cake from an investor standpoint as we have seen many companies such as Tesla, Block Previously Square , MicroStrategy and Ark Invest add Bitcoin to the company balance sheets. As it stands now, we are not seeing nearly as much interest in Ethereum from an institutional or company viewpoint as we are with Bitcoin. There are multiple networks such as Solana, Cardano, Polkadot, Tezos and Avalanche who are superior to Ethereum in many metrics. Many believe the only reason that Ethereum is still in the lead is simply due to it having a first-mover advantage and attracting the most developer activity from the start, giving it a massive headstart in terms of network effect.

I tend to agree with this narrative, if each of those networks launched for the first time tomorrow from scratch, Ethereum would get smoked and left in the dust. Who on Earth would choose ETH with its atrociously high gas fees and slow confirmation times over many of the alternatives? Image via delphidigital. Plus the promise of Eth 2. Where Bitcoin has a massive advantage here is that there are really no viable alternatives or competition to Bitcoin in its niche and narrative as being the ultimate store of value.

ETH has challengers looking to take the title while Bitcoin remains unchallenged unless you consider that Ethereum could someday do what Bitcoin does but better which is a possibility. Ethereum on the other hand is undergoing experimental changes and there is a risk of failure with the launch of Eth 2. Nobody knows what is going to happen to ETH and it could result in a cataclysmic failure of the network as opposed to Bitcoin is just good old Bitcoin. This concept can sort of be compared to living in a house.

Would you prefer living in a house that is already built and good to go with a solid foundation, or live in one where workers are still building walls and putting up a roof that could collapse on you at any time? The Lindy effect proposes that the longer something has survived, the longer it is likely to exist in the future. In the world of technology, 12 years seems to be a key milestone. Statistics show that tech that has survived for 12 years has a much higher probability of existing into the future.

Bitcoin has existed for 13 years, a very important metric for sure. This will happen again once ETH 2. This argument can be disputed quite easily as both inflationary and deflationary assets both have pros and cons and just because an asset may be deflationary does not mean it is automatically superior. It also enjoyed the taproot upgrade in which attaches multiple signatures and transactions together, making it easier and faster to verify transactions. Taproot was crucial in allowing the Bitcoin network to scale, providing greater efficiency and privacy on the network and even unlocks the potential for smart contract and NFT functionality which could be a real game-changer.

We cannot talk about Bitcoin development without also mentioning the Stacks STX protocol which works with the Bitcoin network to unlock its full potential. There has been developer activity and projects working on DeFi platforms, NFT applications, and even a Metaverse on the Bitcoin network. Many Bitcoin maximalists feel that it is only a matter of time until Bitcoin can do everything that Ethereum can do, and when that happens all other cryptocurrencies will simply fail and crumble as Bitcoin will be the only token and network needed.

I have my doubts on that, though if Bitcoin could do everything Ethereum can do someday, would we bother with both? While I believe in a multi-chain future, Bitcoin having all the functions of Ethereum would certainly be interesting and would likely take much of the market share away from ETH.

In this scenario, I believe that they would likely exist side by side like a Coca-Cola and Pepsi scenario. In the unlikely scenario that Bitcoin is able to become a serious Ethereum competitor and perform all the same functions before Ethereum flips Bitcoin then I think it is highly unlikely that a flippening would ever happen.

But remember that there are WAY more no-coiners out there and they are adopting Bitcoin far faster than Ethereum. Look no further than entire cities like Miami and New York launching city tokens on Stacks which works in conjunction with Bitcoin, and we are seeing a growing number of politicians, athletes and the general population asking to be paid in Bitcoin.

Ethereum and every other crypto…. Aside from Dogecoin perhaps, are still relatively unknown to the wider population. The same cannot be said for Ethereum. It truly is a very fascinating race to watch play out. I think of Bitcoin vs ETH in the same way, but they are racing on different tracks that may or may not overlap in the future. It is possible for ETH to flip Bitcoin in but I really think it is highly dependent on mainstream crypto adoption itself. Though this is all dependent on how fast development happens on the Bitcoin network and an even bigger factor to consider is how fast the world adopts crypto.

Ethereum will not be able to keep pace in that scenario in my opinion as many of these people will likely have little understanding nor care about Ethereum and will mostly focus on BTC exposure.