Naturally, the question of whether Ethereum will overtake Bitcoin by total market capitalization is very interesting for crypto investors.
And there are some pretty strong arguments on both sides, which is why we decided to get involved with unbiased AI chatbots.
Will Ethereum Bitcoin Flippening Happen?
Bitcoin maxis believe that BTC will be the world’s most common reserve currency for international trade. In that scenario, Ethereum would have to be a kind of global computer with incredible levels of user adoption. Only if you achieve world-class network activity on your platform would you have a chance in that future.
But Ethereum’s investment of Bitcoin is not an idle matter. The second largest cryptocurrency by market capitalization, at its peak levels of market dominance, it has accounted for up to 25% of the value of all cryptocurrencies traded. That was in 2017. For the past two years, the percentage has oscillated between middle and high adolescence.
Earlier this month, we asked OpenAI’s ChatGPT if Ethereum can turn around Bitcoin in five years. The short version of ChatGPT’s answer? Such an outcome is “uncertain and depends on various factors.”
This is what the Google AI chatbot Bard had to say in response to the same question we asked ChatGPT:
“Do you think that the price of Ethereum can change the price of Bitcoin in the next 5 years?”
The short version of Bard’s answer?
“It’s possible…”
Google Bard vs. ChatGPT:
bard said:
“Ultimately, the question of whether Ethereum will change Bitcoin will depend on a number of factors, including continued adoption of Ethereum, the success of planned Ethereum upgrades, and overall cryptocurrency market performance.”
Adoption rates are the key metrics here that drive cryptocurrency 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 while it is possible, the ETH investment may not happen:
“In general, it is possible that Ethereum will change 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.
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