Naturally, the question of whether Ethereum will overtake Bitcoin by total market cap is very interesting to crypto investors.
And there are some pretty strong arguments to be made on both sides, which is why we decided to engage with unbiased AI chatbots.
Bitcoin maxis believe BTC will be the world’s most common reserve currency for international trade. In that scenario, Ethereum would have to be some kind of global computer with incredible levels of user adoption. Only if it achieves world-class network activity on its platform would it stand a chance in such a future.
But the flippening of Bitcoin by Ethereum is no idle question. The second largest cryptocurrency by market cap, at its peak levels of market dominance, has comprised as much as 25% of the value of all traded cryptos. That was in 2017. For the past couple of years, the percentage has ranged in the mid to high teens.
Earlier this month, we asked OpenAI’s ChatGPT if Ethereum can flip Bitcoin in five years. The short version of ChatGPT’s answer? Such an outcome is “uncertain and depends on ious factors.”
Here’s what Google AI’s Bard chatbot had to say in answer to the same question we put to ChatGPT:
“Do you think Ethereum’s price can flip Bitcoin’s price in the next 5 years?”
The short version of Bard’s answer?
“It is possible…”
Bard said:
“Ultimately, the question of whether Ethereum will flip Bitcoin will depend on a number of factors, including the continued adoption of Ethereum, the success of Ethereum’s planned upgrades, and the overall performance of the cryptocurrency market.”
Adoption rates are the key metrics here that push the cryptocurrencies’ values up or down in the market. Bard agreed with ChatGPT on that:
“Ethereum has a broader range of use cases than Bitcoin, including decentralized finance (DeFi), non-fungible tokens (NFTs), and smart contracts. As these use cases continue to grow in popularity, it could lead to increased demand for Ethereum and a higher price.”
Google Bard was sure to qualify that although possible, the ETH flippening may not happen:
“Overall, it is possible that Ethereum could flip Bitcoin in the next 5 years. However, there are a number of factors that could prevent this from happening.”
Bard said some of those factors include Bitcoin’s first-mover advantage, its “greater security,” and the overall performance of the cryptocurrency market.
