The Flippening 2022: Bitcoin vs Ether

Ethereum has long been in Bitcoins shadow, but the question is if and when that could come to change. It's exactly this hypothetical scenario that is called 'The Flippening'. This and much more are things we will be going through in this article.

• What is the flippening?
• What are the arguments for it to happen?
• Has it already happened?
• What will be the effects on the crypto space?

What is 'The Flippening'?

The Flippening is the moment when Ethereum (ETH) achieves a larger market cap than Bitcoin (BTC) and with that, takes the role as the biggest crypto currency.

What are the signs that 'The Flippening' will happen?

Ethereum vs Bitcoin: Will Ethereum surpass and become bigger than Bitcoin?

The quick anser is that Ethereum is addressing a much bigger market, the market of replacing the entire space of banking as we know it today. If ETH manages to become successful enough in only a few of the many segments that the market holds, then it's not more than logical to assume that it, sooner or later, will achieve a larger total market cap.

Bitcoins primary use case is Store Of Value, a digital gold that preserves value. With that as it's sole primary market, it is not likely to surpass the market cap of gold, that today lies at around 11 trillion dollars, unless it manages to expand into other vectors.

Ethereum on the other hand is a network with the potential to replace the entire banking system with everything from payments and trade to loans and staking. On the contrary to Bitcoins network, Ethereum is programming compatible and is able to let other applications, like smart contract and NTF:s, run on the network.

Has 'The Flippening' already happened?

Leading crypto experts say "What? No!".

If you add in all the applications that are built on Ethereums platform, such as NFT:s, some could argue that Ethereum has already surpassed Bitcoin. This lacks support from the crypto community due to it's stupidity. The frame work of the flippening is 100% relying on Ethereums currency Ether, surpassing Bitcoin. People have to remember that Ethereum is the platform whereon applications can be built with Ether as it's platform currency.

Within specific areas, Ethereum has already surpased bitcoin. As an example, in a month, Ethereum has 38 million transactions, compared to Bitcoins 8,5 million. And Ethereum is raking in 75 times more in transaction fees with a higher average fee per transaction.

Some might say that this is a sign that there's more trust in Ethereums network, much like the price of fiat currencies are signs of trust in those currencies. But a high transaction fee is also something that might give room for competition from crypto currencies such as Solana.

What would be the effects on the crypto market as a whole?

Many of the crypto enthusiasts are asking them selves and others: will it happen? When? How? But raise your brain a level, and ask yourself: what would be the consequences of 'The Flippening'.

Firstly, If ether overtakes Bitcoin, people would start to lose faith that Bitcoin really is something to be called digital gold. If then Ether also would be surpassed by another cryptocurrency, this would unsettle the market and make it question the sustainability and indivisibility. If the crypto market creates new currencies with a constant change of constants, where is the set supply? What is it rather than just another coin of trust that will be replaced with a major decrease in value as a result?

Some don't buy the theory. And rather point to the fact that with Ether as the worlds leading crypto currency, more people will get sucked into understanding Ethereum's real potential at a quicker pace, making it a supreme leader with a crypto stronghold of applications and usability.