Yesterday, fans asked a question: Will Ethereum surpass Bitcoin in the future? I think this topic is quite interesting. Today, I will talk about this topic, some of my viewpoints and opinions!I think many people have this idea that Ethereum can surpass Bitcoin in the future and replace Bitcoin as the leader
Yesterday, fans asked a question: Will Ethereum surpass Bitcoin in the future? I think this topic is quite interesting. Today, I will talk about this topic, some of my viewpoints and opinions!
I think many people have this idea that Ethereum can surpass Bitcoin in the future and replace Bitcoin as the leader. In fact, I have also thought about this issue before, after all, there are many things about being the boss, the boss, and being the boss yourself. So, does Ethereum have this potential in the coin circle?
I don't think so. Below are my opinions and reasons.
In fact, if you see whether Ethereum can replace Bitcoin as the leader, you have to compare their core things, intrinsic value, including consensus audience and other core things:
Firstly, consensus level.This is the core of Bitcoin. Aren't many people unable to understand the value of Bitcoin? Consensus is the core value of Bitcoin,Bitcoin, as the founder of blockchain and the founder of blockchain, is not just a joke. No coin can match this. Nakamoto founded Bitcoin that year, opening the door to blockchain development. Bitcoin has the strongest consensus globally, and there is no one.
Many beginners or novices, even those in the coin industry, may ask or may not realize that this is actually the most important and core value of Bitcoin. Why is consensus so important? To put it bluntly, everyone recognizes this thing, and it has value. It may be difficult for everyone to understand directly in this dry and flat way. Let me give a few examples:
When it comes to gold, many people will surely say that you are talking nonsense. Bitcoin can compare with gold. Gold has been a symbol of wealth since ancient times, which is hard currency. Yes, you're right, but have you noticed that you've already touched on the essence of the problem, which is that gold has been stored as wealth since ancient times. Why? Everyone recognizes gold, and there is already a wide consensus. However, before the gold came out, shells had also been used as currency! Why, because at that time everyone also recognized seashells. There were many other ancient coins that were used as currency, so I won't list them all.
In fact, when you think about it, isn't gold recognized as a store of wealth by everyone? Everyone recognizes this thing, and it becomes valuable. Many people may have said that gold is rare. Yes, gold is rare, but there are more rare metals than it. Why are other rare metals not a means of storing wealth? So this reason is not valid.
Someone has also said that gold has practical value and is useful in many fields. Yes, I also agree that gold has practical value, but if we simply talk about its practical value, gold cannot support the current price, which means that gold is not worth this price anymore.
Let me give you two more examples, diamonds and jadeite. Whether you acknowledge their value or not, they are still valuable. Can't you make up your mind about this. Actually, when you talk about diamonds and jadeite, isn't it just a broken stone? The price is extremely high, and many people still buy it. Yes, you hit the point. It's just a broken stone, and their value is consensus value. That is to say, because everyone recognizes this thing, it has value.
One more thing, in China, the consensus value of houses is higher than that of many other regions, because the Chinese concept of having their own nest is very strong, and for Chinese people, houses are very important. You must have your own peace of mind to be secure. Rented houses always feel uneasy, so in the eyes of Chinese people, houses give more consensus value!
For example, the luxury goods, luxury cars, and so on of a brand actually have such a high premium ability, isn't it just that the consensus value is high? Think about it, is this the fundamental reason behind it! There are actually too many such things in our lives, so I won't list them all.
In short, the consensus value of Bitcoin is not currently comparable to Ethereum. Just this, Ethereum is difficult to surpass!
Second, scarcity. Scarcity is the second condition for high consensus to become a high premium thing. Let me give a simple example to better understand, such as ginseng. Since ancient times, ginseng has been unattainable and can only be enjoyed by high-ranking officials and nobles. As a Chinese, I think there are not many people who do not recognize this thing? Since ancient times, it has been highly recognized. First of all, it has the conditions of high consensus. But in modern times, after large-scale artificial breeding, scarcity has disappeared. So if you look at the price of ginseng now, it is basically the price of cabbage!
Back to Bitcoin, the number of Bitcoin is a fixed 21 million, and it will disappear after digging. As for Ethereum, there is no upper limit on the number. Just keep scarcity, and Bitcoin will win!
Third, Bitcoin is generally recognized by major international institutions, not Ethereum. The recognition of large institutions is very important. Without the recognition of large institutions, Ethereum would also find it difficult to replace Bitcoin in terms of status, as it needs to gain mainstream recognition. Of course, Ethereum is gradually being recognized and held by large institutions, but the level of recognition still lags far behind Bitcoin. After all, the two points mentioned earlier are the chasm that Ethereum cannot cross!
Of course, I personally believe that in the next bull market, Ethereum may surpass Bitcoin in terms of total market value. I agree with this. The total market value surpasses Bitcoin, but in terms of individual unit prices, the possibility of surpassing is very small. Moreover, in terms of Jianghu status, it should be difficult to surpass Bitcoin for a long time.
Of course, here everyone has their own opinions, and there are no standard answers. If you have any different opinions, please leave a message to discuss. I will also select a topic that I think is good to discuss for one episode!
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