Ether could overtake Bitcoin as the top Crypto asset once its ETH2 overhaul is complete. The aforementioned was predicted by Ryan Watkins.
Once the Eth2 and Proof-of-stake overhaul is complete, Ethereum will overtake Bitcoin as the largest crypto asset.
The particular time Ethereum will flip Bitcoin is not known, but surely due to Eth2, Ether will become the leading Crypto asset in the future. Watkin stated the aforementioned when he appeared on Youtube show on 18th March, on the programme ‘Fintech Today’.
Also Watkins posited that between Bitcoin and Ethereum, that the selling point Bitcoin has over Ethereum is the monetary policy, which is very predictable and the secured blockchain of Bitcoin. However, with Proof-of-stake and Eth2 Ethereum will be more valuable than Bitcoin.
Amid the Eth2, Ether’s economy is changing and there are high hopes that the forthcoming burn of Ethereum’s mechanism will lead to the destruction of Ethereum at a point that may exceeds its supply.
Also, with Eth2, the monetary policy of Ethereum will change, so as to reduce its inflationary rate than Bitcoin. Ethereum will become deflationary.
Finally, there will be less of Ethereum from next year because it is being burnt