What do you think: one day Ethereum will be more valuable than Bitcoin?by Beyond Eleven Fresh Money Making Ideas
With recent developments it has become quite possible.
It’s unsure if that happens in 2021 already, but Ethereum will definitely give Bitcoin a run for the money.
Especially, looking at everything that’s happening, everything is happening on Ethereum.
Still, Ethereum is currently facing the very same technical problems that Bitcoin does with the scalability bottleneck.
However, Ethereum might fix all that with second layer solutions and it might also fix Bitcoin’s scalability bottleneck with this. There are currently 3 very promising Ethereum second layer solutions out there.
Those might enable Bitcoin to go to $100,000 without any changes to its technology.
Bitcoins are currently getting wrapped at a very high speed. That means, people lock up their Bitcoins and get WBTC, RenBTC, tBTC in return.
This allows Bitcoin trading on Ethereum and also other chains and can take transaction load of the Bitcoin main-chain.
This is why it’s possible that Bitcoin has found a way to circumvent its scalability bottleneck, through Ethereum.
However, this is only a possibility. It’s impossible to predict if 80% of Bitcoin traders will actually switch to second layer solutions, which would be required for Bitcoin to go to $100,000 with no major problems and sky high fees.
Second layer solutions are coming to the rescue of Bitcoin and Ethereum.
Now, the question is how quickly second layer solutions will see adoption and if it’s enough to prevent Bitcoin and Ethereum from crumbling under their own weight.
However, second layer solutions could be the new hype, so having a decent bag in those is definitely a good idea.
With those, the flippening of Bitcoin and Ethereum could happen, probably not next year yet, but afterwards.
However, we don’t know what is going to happen and a lot will happen until the end of next year that is sure.
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Created on Nov 25th 2020 07:55. Viewed 251 times.
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