“In the long, long, multi-year timeline, yes, ethereum will flip bitcoin,” says Two Prime’s Nathan Cox.
Bitcoin, at a price per coin of $40,000, has a market capitalization of around $750 billion, while ethereum, at $2,500 per ether token, is worth a combined near-$300 billion.
“Bitcoin is digital gold but ethereum is digital oil,” says Cox.
I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself.