Hey Guys,
Had a really good time going live earlier today. There were some great questions and I it's always fun to converse with my followers.
Will try to keep this going as regularly as I can!
Time for a new video though…
Have you ever heard of ‘the flippening'?
It's been a somewhat hot topic these days. Every time Bitcoin's dominance takes a dive, the topic comes out again.
More recently though, I decided to take a bit of a deeper dive into the whole concept of the “flippening” itself. It made me realise that there aren't really any good resources about it, and that's what spurred this video.
The flippening was first used on an Ethereum subreddit in early 2017 and it became super popular later that year. This because Bitcoin's dominance fell while Ethereum's rose, and ETH actually came close to becoming the biggest crypto by market cap.
This is what's meant by the term ‘flippening' – when ETH flips BTC to become the biggest cryptocurrency. It's a somewhat contentious topic, mainly because nobody really knows what will happen to both cryptocurrencies if the flippening does happen.
There are a lot of factors that contribute to this, namely the accessibility of both cryptos, the unique value propositions they have, and the risks associated with them. These three factors are arguably best viewed through the eyes of institutional investors, because they have the $.
While it's possible that Ethereum could flip Bitcoin in the near term, it looks like this is logically impossible due to the sequence of events that would need to occur to make it happen. I won't get into the nitty gritty here. You'll have to watch the video that!
And be sure to stick around until the end for my take on what will happen if and when Ethereum overtakes Bitcoin!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Flippening Watch: https://www.buybitcoinworldwide.com/f…
► Bitcoin ETF Applications: https://www.etf.com/sections/bitcoin-…
► Bitcoin Is Digital Gold: https://fortune.com/2021/10/08/bitcoi…
► Ethereum Merge: https://ethereum.org/en/eth2/merge/
► Gary Gensler Avoids Question About Ethereum: https://decrypt.co/90109/sec-chair-ge…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
