Will Ethereum take over Bitcoin by 2018?

in chainbb-general •  2 years ago

Olaf Carlson-Wee, CEO of hedge fund Polychain Capital, says Bitcoin may lose its edge over Ethereum as soon as the end of next year.

With the highest market share and price, Bitcoin remains the most popular cryptocurrency today. The aggressive growth of Ethereum, the market’s second-most popular cryptocurrency, has led Carlson-Wee to predict in an interview with Bloomburg that it will overtake Bitcoin by the end of 2018.

He even speculates that the market cap of Ethereum will surpass that of Bitcoin before the end of this year. He explained:

What we’ve seen in Ethereum is a much richer, organic developer ecosystem develop very, very quickly, which is what has driven Ethereum’s price growth, which has actually been much more aggressive than Bitcoin.

A New Challenger Appears

The value of Bitcoin has skyrocketed more than 500% since this time last year. It currently stands at around $2,500 USD, more than ten times the value of ETH. Nevertheless, Ethereum has grown even faster, and is now worth more than 20 times its value just four months ago.

Additionally, Ethereum has slowly creeped into Bitcoin’s market share, which has tumbled to nearly half its 90% stake just four months ago. In that same time frame, it has quadrupled its market share to 30%. Given current trends, it would not be surprising to see Ethereum take the lead within even a few months.

Ethereum Catching Up to Bitcoin

Proponents of Ethereum claim it offers numerous advantages, the most important of which is that it acts as a smart contract system. Ethereum allows decentralized apps to be built on its blockchain, creating a synergistic effect that increases its value as more projects are added to it.

“Each project…becomes a multiplier on the existing value of our system, resulting in exponential, rather than linear gains, for every new project that integrates

Source: http://swahilipages.blogspot.ca/2017/06/ethereum-to-overtake-bitcoin-by-2018.html

So will Ethereum take over Bitcoin by 2018? Please leave your opinion below

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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
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To be honest, I think it really depends on how the exchange doing. As most of the exchange accept bitcoin trading more than ETH. If the exchange help, I think it will definitely replace it. ETH already have 60% cap of bitcoin. It just the matter of time for exceed it.

I've been calling this for a few weeks now. I say ETH over BTC by end of 2018. So because I said that it will be 2017. I'd also say ETH @ 5k before BTC hits 5k might be a wild, yet possible to happen prediction.

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PLZ LET THIS COMMENT BE CORRECT

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Yes I think it is possible now

I think ETH will end up in the same scaling issues before that.

I love both Crypto.. but no.. not by 2018... 2020.. maybe.. Think about how long it took Bitcoin to get to this point... a Jump to the $2K for Etherium That quick would not be good.. A jump that fast spells a huge crash... In stocks its called parabolic... To fast and it has to come back down to show its true value.. a nice steady climb.... by 2020... Ether can catch up to BTC.. 2022 pass it up..... around the 5K mark

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Then maybe right now we should buy Ethereum when it drops

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Thank You!

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Thank you. I will pay attention next time

We can't say much. Only the time will tell. But it's Very much possible that it will take over. And before the end of 2017, it will surpass $1000

No - ETH is inflationary, BTC is deflationary. Big asterisk on this if the scaling issue takes an ugly turn.

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Yes ETH does not have a upper limit of tokens I suppose, but it will have a lower mining rate with time?

I personally love the idea of ethereum and it's future will be brighter than bitcoin if developers don't look into the exhorbitant fees at bitcoin