At present, the total market value of Bitcoin is 1091 billion U.S. dollars, while the total market value of Ethereum is 447.5 billion U.S. dollars, which is close to half of the total market value of Bitcoin. Ethereum has grown by 17 times in the past year, while Bitcoin has grown by 4.7 times. This also raises a question that has existed for many years: when will the total market value of Ethereum be able to "hand over" Bitcoin?
The total supply of Bitcoin is 21 million, while Ethereum has no upper limit. The current amount of Ethereum is about six times the amount of Bitcoin. Therefore, when the price of Ethereum exceeds one-sixth of Bitcoin, the market value turnover can be completed. At present, mainstream public opinion seems to believe that Ethereum will reach US$10,000 after EIP-1559, and Jiang Zhuoer even believes that Ethereum will reach US$20,000 in this bull market. is it possible?
In the long run, it is indeed possible for Ethereum to hand over Bitcoin, and some data have already shown clues. According to the data of cointelegraph [report] (1), the total transaction volume of ETH contracts on the entire network reached 87 billion U.S. dollars, exceeding the 81 billion U.S. dollars of Bitcoin contract transactions, which was the first time in history.
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