In any case, I ask this question. What is a higher possibility occurrence, Ethereum will have a higher market capitalization than Bitcoin or Bitcoin will pump to $3 million?
I predict the scenario of ETH market cap surpassing BTC is more likely than Bitcoin surpassing to hit $3 million, as ETH has at least come close to doing so in the past. As for BTC hitting $3 million, I never even thought about it and don't believe it will happen in this century.
Bbitcoin has a lot of potential and adoption is still happening but that doesn't mean the potential and demand for bitcoin is limitless. Even an asset with practical applications and worldwide demand like gold has yet to reach a market capitalization of $60 trillion. To me, expecting a highly speculative asset like bitcoin to reach a market cap of 60 trillion is a bit too much.
Agreed. However, will either of these speculations really occur? This we cannot answer for certain. Both of them might not become a reality, I reckon.
@khiholangkang. I am not arguing that it is easy or it is for certain to occur, however, we cannot argue that Tom Lee appears to be on a mission to pump Ethereum to a high price where everyone said it will be impossible. If you are an altcoin holder, this should be good news because Ethereum will be the leading pumper of the market instead of Bitcoin. Bitcoin is going through a strangeness where a big dumper sells much coins that stops the pump.
Yes, we will never know what tomorrow will be like. No one can predict what will happen in the future, whatever it is, including whether I will still be alive next week. The argument arises from the mind, the heart that creates hope and sees what has happened with anomalous expectations that are close to the confidence approach from what has been read. Honestly, it seems impossible, but no one knows. Even 10 years ago, no one could have predicted today.
Yes, I should have altcoins that I bought. Of course, most people want a real altseason to happen in the market, but ETH is too slow in its adoption, it's not as expected. Some people like Tom Lee do that to increase interest from their fans.
I don't even believe in either of them. Although ETH's market cap has nearly caught up with Bitcoin in the past, it has never surpassed Bitcoin in its history, except for that damn Ripple coin that once beat BTC. By the way, reaching 3 million is very difficult at the moment, but it's not impossible in the future; we just need time.
If I remember correctly, XRP surpassed BTC in January 2018, and although that moment didn't last long. But think about it, even a lousy coin like XRP could surpass BTC in capitalization in 2018, the scenario of ETH surpassing BTC is much more feasible than bitcoin reaching $3 million.
As for bitcoin hitting $3 million, I won't believe it and won't rush to think about it until bitcoin hits $1 million. Bitcoin is even further away from the 1 million target and no one knows when that will happen, let alone the 3 million target, that's too vague.
the past, from the strength of the community and also the current adoption strength regarding Bitcoin, it is very contrasting, and it is necessary to measure that ETH is very difficult to catch up considering that ETH's capitalization must increase five times again to catch up, but unfortunately, getting even 2x from its ATH is very difficult.