Originally I was thinking it was pretty much impossible to do it this time around but in 2025 there'd be a really good chance. Now I'm not so sure. ETH already made it half way there. I won't be surprised if it happens or gets very close.

However, there is also the issue of where a lot of this value is coming from. The narrative for the next bull run is clearly Corporate Reserve Balance sheets. We may even see banks themselves starting to acquire Bitcoin. Given this narrative, it's pretty hard to imagine a scenario where ETH somehow overtakes that wave of "institutional" money that is essentially locked in to Bitcoin only.

This could also be interpreted as a bearish scenario. If ETH overtakes BTC that would imply many of the original Bitcoin bulls jumped ship to ETH, leaving all the BTC in the hands of corporations and other potential bad actors. I don't like the sound of that.

Flip flopping AGAIN... I think the market fundamentals are in ETH's favor in certain aspects. Bitcoin's #1 job is censorship resistance and immutable value storage. In essence, Bitcoin should perform very well when crypto is under extreme attack from outside forces. Ethereum should perform very well when crypto is not under attack and many people are more interested in development and progressing forward.

It's gonna be super interesting no matter what happens honestly.

Posted Using LeoFinance ^Beta