Post
Topic
Board Speculation (Altcoins)
Re: will Ethereum catch up to Bitcoin?
by
AlphaBoy
on 01/08/2024, 08:08:23 UTC

no coins that will surpass bitcoin or else the whole crypto market dumped .

On the spot, a lot of coins are heavily backed by Bitcoin reserves, some up to 30%. That's why when Bitcoin gets dumped, it affects the entire market. Bitcoin is almost like the crypto NASDAQ in terms of indication and digital gold in terms of value, And not a single fiat will ever pass gold in value because it's backed by it, not the other way around.


It's also the question of what surpassing means (which I think was discussed previously), but, in any case, in general terms, I think we can all agree that Bitcoin will be the bigger brother of ETH. Sure, Ethereum can give Bitcoin a run for its money in some aspects, but if looking by sheer force behind the two the winner is non-negotiable.

Those are the top 4 failed attempts where a coin had its value. If ETH passed Bitcoin in one of these, then it might pass Bitcoin, but it won't. ETH is much easier to be manipulated since it has an infinite amount to be mined; that's why it gained and lost 42% in 3 months, unlike Bitcoin where mining is completely different. Even though Bitcoin has limited value, the last Bitcoin will be mined in 2140, and the halving has created a protection that made the manipulation harder.