Ethereum WILL PASS Bitcoin in 2021 (Best Crypto Prediction)

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Bitcoin and Ethereum have been locked in an epic battle for crypto dominance ever since Vitalik Buterin vowed to wage battle against Max Keiser and the Bitcoin Maxis who dared bend the knee to Satoshi. At least that’s what the Bitcoin Maxis WANT you to think. But don’t be fooled. There is no rivalry, and when Vitalik and his team were making smart contracts, making Bitcoin obsolete wasn’t on their mind. They just wanted to use this cool blockchain thing to make something new. And when Ethereum came out a few years ago and started pumping nearly all of the Maxis opened their coinbase accounts and bought A LOT OF ETH.

That’s the dirty secret that the Maxis don’t want you to know; most of the Maxis became a Maxi because of Ethereum. Ethereum gained the title of having a 100 billion dollar marketcap very quickly, less than 2 years, compared to Bitcoin taking almost 5. It’s true the landscapes that launched them were very different but its not a stretch to say Ethereum has had a lot more competition to rise above compared to Bitcoin. Both coins share DNA in that they are both mined by Proof Of Work algorithms. They both have struggled with controversial hardforks. ASIC mining centralization, copycat chains, and regulatory scrutiny. Both have survived.

Now that I’ve lit the comment section on fire, let me continue. Seeing how I’m the BITboy, I’m a fan of BITcoin. Bitcoin is the first cryptocurrency I bought. It was my gateway into the cryptoverse. I love Bitcoin and believe in its ability to be a store of value. I routinely tell people that when you take profits; you should be buying bitcoin. I trade alt coins…to buy more Bitcoin. Bitcoin IS DIGITAL GOLD and its rock solid technology is making that possible.

Ethereum is labeled as an “S-Coin” by the haters. They deride it as a scam. That it can NEVER beat Bitcoin as a store of value. And you know what? I agree with them, sort of.

I agree with them because Ethereum is none of those things. Ethereum is a blockchain technology. And YOU can own a piece of it. It was never trying to be a Bitcoin killer and anyone who equates Ethereum with being a scam currency is either blind to the facts, or is a Maxi. Oh wait. I just repeated myself. Ethereum is smart contract ecosystem. It’s a thing to be used, not a store of value. The Winklevoss Twins were correct when they said Bitcoin is digital gold…and Ethereum is digital OIL. Oil, like Gold, is valuable. But in different ways.

BTC MARKET CAP AND DOMINANCE

To say BTC is dominant is an understatement. It’s the top dog by far and has been it’s entire life. Bitcoin continues to make history. It was the first coin to hit a 1 trillion dollar market cap. It’s also been the most stable in regard to year over year ROI. It’s gains are slowing but continue to blow away anything from the traditional fiat markets. But this bull run has shown that Bitcoin may have a weakness and that weakness isn’t it’s technology, but the fact that it was FIRST.

There is a concept in business and technology known as the “first mover advantage” which simply means the first thing to innovate in a business or technology has advantage to similar things that follow it. And history seems to prove that…kind of. Businesses like eBay, Amazon continue to dominate their core competencies. Brands like Gilette and Sony are still the standard brands for razors and home stereos respectively. But first mover isn’t a guarantee of long term success. Just look at Kodak, or Xerox or Nokia. They are HUSKS of what they used to be and they were all first to market.

I can see a scenario where Bitcoin succumbs to the pitfalls of the first mover advantage; inability to take advantage of new opportunities. Believe it or not Bitcoin does have a group of developers and they do make changes every once in a while but keep a light touch so as not to deviate too far from the original whitepaper written by Satoshi Nakamoto. The question that will mean the difference for Bitcoin is weather or not the way Bitcoin currently is maintains it’s relevancy to being a store of value. Keep in mind that Satoshi viewed Bitcoin as a currency that can be mined on home computers, but it quickly morphed into something more like gold that is mined by large companies. It’s nothing like it was supposed to be and it changes. But are those changes enough to make it retain it’s dominance? Only time will tell. Personally I think it will. But it may have some company at the top very soon.

ETHS GROWING PRESENCE

It’s no secret that I’m an Ethereum fan boy. I even moved a holiday in honor of Ethereum. I’ve made an insane amount of money with Ethereum and I use it’s smart contracts capabilities multiple times a day. We even have a universe of Bitboy NFTs as an ERC-20 token. I firmly believe that Ethereum and smart contracts are the future of finance. I also believe that Ethereum will flip Bitcoin IN THIS CYCLE.

Yeah. I said it. COME AT ME BRO. Ethereum has the chops to pass Bitcoins marketcap due to its utility, going back to that comparison to digital oil. It’s vastly more USEFUL than Bitcoin is in everyday life. I may be ride or die for ETH, but I’m not getting Vitaliks face tattooed on my arm…just yet. Let’s be frank, Ethereum has had a sloppy release, and a choppy, controversial coming of age. Its development has never hit a deadline and updates sometimes go off half cocked. It has troubles scaling. Its lead developer Vitalik Buterin is annoyed that he has to DEAL WITH PEOPLE. And have you tried making a Defi trade when it’s busy? It’ll cost more than an expensive meal at your favorite steak house. With a tip! All that to say I’m bullish on Ethereum but also keenly aware of it’s flaws. That’s because I’m not a Maxi and know how to use logic…and do research…and not be mean to people.

So we know what the faults and advantages of both Bitcoin and Ethereum are. But what is The Flippening specifically mean? Well it means the market cap of Ethereum surpasses that of Bitcoin. This isn’t a price flip. It’s an important distinction so don’t get tripped up on that. How do you find the marketcap? Well it’s usually listed on the coin indexes like Coin Gecko and Coin MarketCap. But if you don’t have that handy…or are doing some MOON MATH, just use this equation: Coin circulating supply times the price. Boom marketcap. We’re going to use some moon math to tease out different flippening scenarios. More on that later.
WHAT DOES A FLIP MEAN FOR BTC?

What would a flip mean for Bitcoin and Ethereum? Well there are a few outcomes that could happen.
1. Bitcoin loses its prestige as “digital gold” and is seen more like a “digital silver” or “copper”. Still worth something but not that much.
2. Bitcoin retains its value as digital gold and shrugs off being bumped out of the top spot by marketcap. It keeps trucking along, gaining value and becomes less volatile.
3. Ethereum throws Bitcoin off of the Hell In The Cell onto an announcers table 16 feet below like Undertaker did to Mankind in 1998. Bitcoin is shattered and becomes a footnote in history.

The final scenario would be devastating to Bitcoin hodlers and Maxis. Do I think it’s likely? It depends on HOW it happens.

I can see a scenario where Bitcoins value is targeted by governments and taxed into oblivion OR Bitcoin becomes “productized” by institutions and put behind walls that only the rich and connected can get to. This isn’t far off. We already are seeing synthetic Bitcoin futures being offered. Governments are finding out they can’t ban Bitcoin, but they can tax it to death. So they are looking at ways to FUD it from gaining too much in value before they can grind every hodlers gains away into IRS dust.

If this is happening to Bitcoin AFTER Ethereum takes the lead. It would be game over for BTC. But if Bitcoin were able to retain it’s lead and it’s value continue to climb faster than centralized powers can keep up, it could very well realize the hopes and dreams that we all want it too achieve.

Ethereum however faces a similar fate but only if it fails to top Bitcoin. Bitcoin may be compromised by a false first movers advantage but Ethereum has the same problem. It was the first smart contract platform. Cardano, Polkadot, EOS, Tron and Binance Smart Chain are all competitors that offer unique solutions to the problems Ethereum has created. If Ethereum bounces off of Bitcoins marketcap it could be sent back down into oblivion while another smart contract platform takes the lead.

So will Ethereum flip Bitcoin soon? I think it’ll happen IN THIS CYCLE. Bitcoin dominance has dropped below 50% for the first time since 2018 and Ethereums dominance has risen and continue to show strong support levels while Bitcoin struggles to break resistances that were previously thought to be no big deal. The other thing that is bolstering Ethereum is the fact that it’s pivoting to a proof of stake consensus algorithm that will allow it to scale up, reduce transaction fees and protect it from any further environmental FUD, however unfounded that FUD may be. This move to the London hardfork will also make Ethereum MUCH LESS INFLATIONARY. More ETH will be burned per transaction than every before. The value of the ETH token will most likely skyrocket in July. This is happening when adoption is speeding up and Institutions are starting to look beyond just adding Bitcoin to their portfolios. That’s right, big money players are buying up ETH in huge chunks. Just look at the inflows.

As of this video Ethereum is sitting at just under 50% of Bitcoins 700 million dollar market cap. This has been the trend. Ethereum is gaining on Bitcoin. And it’s growth is more explosive. So it has the potential to surpass Bitcoin with out breaking a sweat. Conversely, Bitcoin is slowing it’s growth and doesn’t have the liquidity to make massive gains like it did a few years ago. It’s harder for Bitcoin to retain it’s lead than it is for Ethereum to catch it. Don’t take my word for it. Look at the data. Look at this chart. Look at these dolphins. Bitboy knows gains and he’s telling you that Ethereum has the momentum in this bull run. I believe ETH has so much momentum that it will surpass 20k this year. And while Bitcoin is most likely going to hit a new all time high of 322,000 and then settle over 100k in the next 12 months, Ethereum has the potential to hit new all time highs well after it breaks 20k. But remember all this is crypto education and not financial advice.

So there you go. Light up that comment section. Are you #ethgang or are you #btcmaxi? Whats your ETH and BTC price prediction for this year? Will Bitcoin lose steam of find a second win? Is Elon Musk actually Satoshi Nakamoto? What costume do you want me to wear when Ethereum hits 20k? Make those comments then hit that subscribe button after you tap the thumbs up. It really helps us out.

But that’s all I got. Be Blessed. Bitboy out.