Will 2022 be the year Ethereum overtakes Bitcoin?

Ethereum (ETH) could be worth $ 4,596 by the end of 2021, according to the latest quarterly Ethereum Price Predictions Report.

Report author Finder.com’s global panel consists of 42 senior cryptocurrency specialists and academics who have been asked to provide their thoughts and price predictions for ETH. In the longer term, the panel predicts that ETH could reach USD 17,810 by the end of 2025 and USD 71,763 by the end of 2030.

CoinFlip founder and chief advisor Daniel Polotsky made predictions in line with panel average and expects ETH to be valued at $ 4,000 by the end of the year before skyrocketing to $ 64,000 by 2030.

“The price of Ethereum largely follows Bitcoin’s halving cycles, although over time that relationship can potentially decouple and Ethereum continues to develop use cases that Bitcoin cannot achieve. Then its price could grow faster than Bitcoin’s, ”he said.

Both Morpher CEO Martin Froehler and RealFevr’s head of blockchain Pedro February see ETH exceed $ 10,000 by December 2021, with Fröhler adding, “Ethereum has the potential to power future global financial infrastructure.”

ETH should be processed more than BTC?

Ninety-three percent of the panellists say ETH will end up being transacted more often than BTC, with just under half (48%) expecting it to happen before the end of 2022. However, while 56% of the panel say that ETH is their DeFi. Dominance is retained, 27% are unsure and 17% disagree.

CoinSmart CEO Justin Hartzmann believes that ETH will maintain its DeFi dominance and will start trading more heavily than BTC as early as next year. “People don’t like trading BTC as it is more of a store of value. Ethereum, on the other hand, has built an extensive multi-billion dollar ecosystem, so the frequency of ETH transactions will definitely be much higher.

68 percent of the panel say the event known as “the flippening” (the time when ETH overtakes BTC as the largest currency by market capitalization) is coming – with a majority (58%) saying it will in the next five years will happen.

Token Metrics Senior Analyst for Cryptocurrency Investments Forrest, the newcomer believes ETH will be worth $ 8,000 by the end of the year and believes the “flipping” will take place in 2022.

“The move from Ethereum to Proof-of-Stake at the end of this year or beginning of 2022 will mean that the Ethereum supply will become deflationary and correspond to several“ Bitcoin halves ”in relation to the supply restriction. This will make it a better store of value than Bitcoin, on top of all of the benefits that Bitcoin doesn’t have, ”he said.

University of Western Australia Associate Professor of Finance Lee Smales says that the usefulness of ETH will inevitably result in it outperforming BTC’s market capitalization: “Basically, Ethereum is ‘more useful’ and therefore has greater utility than Bitcoin. Ultimately, this should result in its value exceeding that of Bitcoin. “

While the majority of the panelists expect ETH to “flip” BTC, Banz Capital is CEO John Iadeluca is among the 33% who say that ETH’s market capitalization will never exceed that of BTC.

“Ethereum will most likely be more traded than Bitcoin at some point, but I don’t see any scenario in which Ethereum will be worth more than Bitcoin.”

Senior Lecturer at Canberra University John Hawkins believes the value of ETH will drop to $ 1,200 by the end of 2021, saying, “I think Ethereum is a speculative bubble and is being dragged down by Bitcoin.”

A total of 63% of panelists say now is the time to buy ETH, compared to just 55% who say it is time to buy BTC.


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