Here is a topic that seems to get a lot of conversation within the crypto community. Will Ethereum's market cap cross Bitcoin?
Many feel that it will and it will be a monumental day.
In this video I discuss how I see this situation and how both coins serve different purposes. I think it important to remember that each is part of this foundation that is being laid to alter how the world operates. In other words, they are on the same side.
▶️ 3Speak
I don't particularly care if BTC or ETH is at the top so long as BTC is worth more in the future. I am fairly confident that BTC will be higher so I am not worried about that.
As for ETH, I think the deflationary aspect will be bad for the network because it would change peoples point of view into spending rather than using it for smart contracts and other features. Because of this eventually, I think people will drop off the network for other solutions.
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Nowadays that is what most people are doing with fiat money. If they do that with cryptocurrency too, then that may lead to mass adoption.
Yes but I fully expect BTC to be a currency that people are unwilling to spend. Why? Because there is a limited amount and the amount generated will only get smaller over time. So if ETH were to change into a similar deflationary structure then we would see something similar.
So if people are unwilling to spend ETH then I don't think we will have a good functioning economy so people will turn to other cryptos as alternatives.
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I agree the deflationary switch might end up causing problems with that. It doesnt make a lot of sense to me but we will see what happens. If there is a liquidity crisis on there, that is not good.
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Although it might not matter I don't think ethereum can do that in this bull cycle, it's too expensive to use. If you want high fees and good store of value you always have bitcoin :)
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You could be right. To catch up, Ethereum needs a huge run and that is presuming that Bitcoin will not go up. So if BTC has a decent move, it will make it even harder for ETH to catch up.
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Bitcoin - battle tested large transactions store of value mostly will be used by large funded projects and institutions
Ethereum - If all goes well will become the use case cyptocurrency (which in all intense and purposes currently is) Eliminate the high gas fees and increase scalability for fast speeds and you have yourself a unstoppable cryptocurrency.
Will one overtake the other in price?
Maybe but that's besides the point they are both going to be powerhouses.
You could be right, at the end of the day, does it really matter? We are dealing with two gamer changing coins/ecosystems.
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