While Ethereum (ETH) is down nearly 40% against Bitcoin (BTC) may give ETH traders some concerns, members of the crypto community on Twitter shared their views on the possibility of the smart contract platform eventually overtaking the king of crypto assets.
On Twitter, the Cointelegraph social team asked the crypto community to share their thoughts on whether Ethereum could eventually overtake Bitcoin. From predicting this would happen in 2030 to “no,” community members offered a variety of answers.
According to Jesus Crypto, there is a possibility that ETH will overtake BTC in 2030. While the Twitter user believes it will be very difficult, the upcoming shift to Proof of Stake (PoS) could play a role in making ETH take the throne 10 years from now.
Describing Bitcoin as a dinosaur, Twitter user WakeNBakeTrades also believes that Ethereum can outperform the top cryptocurrency with the help of the Polygon Scale (MATIC). They tweeted as follows:
On the other hand, Rahul Singh said that will never happen, noting that BTC is digital gold while ETH is the second iteration of the internet. Singh noted that there are many differences between the value of digital assets and digital software. Twitter user CyberKingK agreed with the sentiment and tweeted:
Bob Shippee also studied the subject, saying that “there’s plenty of room for both.” The Twitter user noted that they will hold on to the decision and wait for further developments in Bitcoin while recognizing that there are a lot of coins that depend on the uptime of Ethereum.
Related: Ethereum co-founder responds to PoS critics amid upcoming merger
On Monday 1, a decentralized finance (DeFi) researcher said that the change to the PoS consensus through the upcoming consolidation would create an economic structure that would allow ETH to outpace BTC. The researcher noted that with this shift, ETH inflation will decrease, security will rise and the asset will strengthen itself as a digital bond.