“The use case for Bitcoin is store-of-value, while the use case for Ethereum is rate of return. David Lin of Kitco News also wondered if Ethereum might surpass Bitcoin in terms of market capitalization. For the very first time in its existence, Ethereum address volume outpaced Bitcoin address count.Īlso, Bitcoin now has a market capitalization of $650 billion, which is 2.5x of Ethereum. Ethereum reached a significant landmark last week. This obviously demonstrates Ethereum’s growing popularity among cryptocurrency investors. The Celsius Network is a one-stop shop for banking and other financial services, with over $17 million in customer deposits.Īccording to Mashinsky, Ethereum is now the most popular currency held in USD by Celsius.
Furthermore, he believes the wider market will follow this pattern in the coming year or two. With respect to overall ownership, he noted, Ethereum (ETH) has already exceeded Bitcoin (BTC) in the Celsius community. The CEO of the Celsius Network stated that the Ethereum flippening is already taking place among its 1 million users. In a discussion with Kitco News on the first day of this week, Alex Mashinsky, the CEO of Celsius Network, stated that Ethereum may overtake Bitcoin in market capitalization. Bitcoin News Jby Kelly Cromley Celsius Network CEO – Ethereum Could Flippen Bitcoin Soon