Tuesday, 19 May 2020

MMW: Ethereum will overtake Bitcoin if there is an upcoming bull-run

Before I go into why I think Ethereum will overtake Bitcoin, I just want to say that the odds of BCH taking over BTC are very slim to none. I don't want to hate on this community, but the gap between BCH and BTC has just been increasing. At this point, I think it's too late. People realize the lies spread by Blockstream, but pretty much everyone sees "Bitcoin" as Bitcoin.

I think this upcoming bull-run (that is, if it happens), Ethereum has the greatest chance of overtaking Bitcoin by a long-shot. Ethereum is changing the nature of finance, and you can build a lot on top of it. Not only this, but it's far more usable as peer-to-peer cash than Bitcoin. Fees are significantly less, transactions are faster, and it has smart contract capability.

Last bull-run, we saw Ethereum reach a market cap of $128 billion. This was more than 30% of Bitcoin's market cap, not to mention the volume of transactions were not much less than those of BTC. The fact that we can create an Ethereum token on BTC just shows how useless BTC is. You can have the "store of value" aspect of BTC, and not have the ridiculously high transaction fees.

submitted by /u/1MightBeAPenguin
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source https://www.reddit.com/r/btc/comments/gmfzd7/mmw_ethereum_will_overtake_bitcoin_if_there_is_an/

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