Discover if Ethereum (ETH) could match or exceed Bitcoin (BTC) in capitalization or price. Technical analysis, key factors, and projections for 2025 and beyond.

🪙 Introduction: The “Flippening” debate

Since Ethereum was born in 2015, the question has existed: can it surpass Bitcoin?

In the crypto world, this scenario is known as “The Flippening,” the moment when Ethereum would have a greater market capitalization than Bitcoin.

📊 Difference between market capitalization and price per unit

Before delving into projections, we must understand two concepts:

  • Market capitalization: Cryptocurrency price × number of coins in circulation.

  • Price per unit: Value of a single coin in the market.

Bitcoin and Ethereum have distinct structures:

  • BTC: fixed maximum supply of 21 million.

  • ETH: has no strict limit, but its EIP-1559 mechanism burns fees and can make it deflationary.

🚀 Scenario 1: Ethereum surpasses Bitcoin in capitalization

This is indeed possible and could occur if these conditions are met:

  1. Greater adoption of Ethereum thanks to its DeFi, NFTs, and smart contract ecosystem.

  2. Success of Ethereum 2.0, with improvements in scalability and reduction of fees.

  3. Institutional demand for projects built on the Ethereum network.

  4. Massive use of stablecoins and Web3 applications that depend on Ethereum.

🔍 Historical example: In 2017 and 2021, Ethereum represented more than 45% of Bitcoin's capitalization, approaching the “flippening.”

📉 Scenario 2: Ethereum matches the unit price of Bitcoin

Here the landscape changes:

  • For ETH to be worth the same as BTC, it would need to exceed $60,000 – $100,000 USD per coin.

  • This would imply a total capitalization several times greater than the current one, which is difficult due to the larger amount of circulating ETH.

  • It would only be possible if a massive token burn occurs and unprecedented institutional adoption takes place.

🔮 Expert projections (2025–2030)

  • Bloomberg: Ethereum could surpass Bitcoin in capitalization by 2030 if it maintains its growth in dApps and DeFi.

  • ARK Invest: views Ethereum as the “financial infrastructure of the internet,” with the potential to multiply its value 10× in the next decade.

  • CoinCodex: predicts that Ethereum will continue to close the gap with Bitcoin, but the flippening is not imminent in 2025.

🏆 Factors favoring Ethereum

  1. Real uses: BTC is mainly used as a store of value, while ETH is the basis for thousands of applications.

  2. Constant innovation: Updates like The Merge and future Layer 2 improvements.

  3. Token burning: EIP-1559 reduces inflation and may even make it deflationary.

⚠ Risks that could prevent it

  • Competition from other blockchains like Solana, Cardano, or Avalanche.

  • Regulations affecting smart contracts and stablecoins.

  • Technical or security issues on the Ethereum network.

📌 Conclusion

  • Capitalization: Ethereum could indeed surpass Bitcoin in the future, especially if its ecosystem continues to expand and adoption grows.

  • Unit price: It is very difficult for it to reach Bitcoin's price per coin due to its larger circulating supply.

Ultimately, the flippening is possible, but not imminent. The next 3–5 years will be key to see if Ethereum manages to dethrone the king of cryptos.

🔗 Invitation: If you want to invest in Ethereum or Bitcoin, open your account on Binance and take advantage of the opportunities the market offers.

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