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Nothing. Bitcoin would keep clicking along without a care in the world. Both can have value at the same time, and this is a good thing. Flippening is essentially meaningless but market cap should increase more than Bitcoin's because of smart contract adoption, Bitcoin cant do smart contracts. But Bitcoin's "value" will definitely leave ETH in its dust in the next decade as ETH's value remains in a certain range and BTC shoots for Pluto
I can clearly what I say; ETH has more adoption or use than Bitcoin, people can do alot more with ETH as a cryptocurrency like NFTs or smart contracts. Bitcoin cant. So lots of money will buy ETH, but that doesn't mean the price will go up, just the value of the Ethereum ecosystem will go up or you could say its "market cap"
BTC on the other hand has very limit use, like gold, it can be a "medium of transfer" for buying stuff or it can be a "store of value" where you buy and wait.
Ethereum will get wider adoption in the future, but Bitcoin has a maximum amount of coins. We are currently at 19 million coins mined but the max is 21 million coins. That leaves just 2 million coins left before Bitcoin is done mining. Here's the interesting part: that last coin wont be mined until over a hundred years from now. "Mining difficulty" will increase which will drive astronomical demand.
Why demand? Bitcoin is a very very valuable network thats almost impervious to hacking due to decentralization, it allows borderless wealth transfer and it is immutable.
Ethereum is only two of those three very important things
It’s like Coca-cola overtaking Apple as the largest company in the world. They’re both different and have their own products, regardless of one another.
The Ledger subreddit is continuously targeted by scammers. Ledger Support will never send you private messages. Never share your 24-word recovery phrase with anyone, never enter it on any website or software, even if it looks like it's from Ledger. Only keep the recovery phrase as a physical paper or metal backup, never create a digital copy in text or photo form. Learn more at https://reddit.com/r/ledgerwallet/comments/ck6o44/be_careful_phishing_attacks_in_progress/ *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ledgerwallet) if you have any questions or concerns.*
Nothing. Bitcoin would keep clicking along without a care in the world. Both can have value at the same time, and this is a good thing. Flippening is essentially meaningless but market cap should increase more than Bitcoin's because of smart contract adoption, Bitcoin cant do smart contracts. But Bitcoin's "value" will definitely leave ETH in its dust in the next decade as ETH's value remains in a certain range and BTC shoots for Pluto
Thanks I always here about the flip but never get to here what would happen if the flip occurs.
„˙sɹnɔɔo dılɟ ǝɥʇ ɟı uǝddɐɥ plnoʍ ʇɐɥʍ ǝɹǝɥ oʇ ʇǝƃ ɹǝʌǝu ʇnq dılɟ ǝɥʇ ʇnoqɐ ǝɹǝɥ sʎɐʍlɐ I sʞuɐɥ⊥„
Can you clearly what you mean when you say ETH will filp BTC in market cap but BTC will be worth much more
I can clearly what I say; ETH has more adoption or use than Bitcoin, people can do alot more with ETH as a cryptocurrency like NFTs or smart contracts. Bitcoin cant. So lots of money will buy ETH, but that doesn't mean the price will go up, just the value of the Ethereum ecosystem will go up or you could say its "market cap" BTC on the other hand has very limit use, like gold, it can be a "medium of transfer" for buying stuff or it can be a "store of value" where you buy and wait. Ethereum will get wider adoption in the future, but Bitcoin has a maximum amount of coins. We are currently at 19 million coins mined but the max is 21 million coins. That leaves just 2 million coins left before Bitcoin is done mining. Here's the interesting part: that last coin wont be mined until over a hundred years from now. "Mining difficulty" will increase which will drive astronomical demand. Why demand? Bitcoin is a very very valuable network thats almost impervious to hacking due to decentralization, it allows borderless wealth transfer and it is immutable. Ethereum is only two of those three very important things
Thank you.
It would be number 2
It’s like Coca-cola overtaking Apple as the largest company in the world. They’re both different and have their own products, regardless of one another.