Ether can flip Bitcoin, BitMine chairman Tom Lee says
The post Ether can flip Bitcoin, BitMine chairman Tom Lee says appeared on BitcoinEthereumNews.com. The Ethereum/Bitcoin rivalry is real, according to Tom Lee, chairman of BitMine and co-founder of Fundstrat. Lee, a key Ethereum stakeholder whose market influence stems from his institutional investments and public advocacy, claims that ETH can reach $60,000 in five years and has a 50% chance of flipping Bitcoin. However, while Ether has been performing undoubtedly well this past summer, topping Bitcoin is a hot take. Summary After the immensely bullish summer for Ether, the “ETH will flip BTC” narrative is back. Ethereum flipped Bitcoin in spot ETF inflows and demonstrates consistent growth. Despite Ether’s success, it must reckon with Bitcoin’s status and so-called “Ethereum killers.” Crypto influencers tend to argue, on X, that Ethereum earns extra praise when Bitcoin is down. A closer comparison between the two cryptocurrencies show that, in the long run, Ethereum is gradually going down against Bitcoin. Ether was at its peak price against BTC in February 2018 at 0.13 BTC per Ether. In the spring and the fall of 2021, when Bitcoin was trending higher, the peak Ether prices were in the 0.08–0.09 BTC range. Fast-forward to 2025: at 0.04 BTC per ETH, one Ether is worth 4 million sats — fewer than before. In other words, after the spring of 2021, Ether’s price saw no serious spikes against Bitcoin. The ETH/BTC price chart | Source: TradingView While Ether has gained price against Bitcoin since April — its price rising from 0.019 to 0.04 — in BTC terms, each unit of ETH is cheaper than it was in 2021 or 2017. Therefore, despite Ether’s current price of $4,280 (a 92.5% rally from last year), Bitcoin maintains its position as the dominant cryptocurrency. As Jeff Embry of Globe 3 Capital put it: “ETH has too high a hill to climb to surpass BTC, and the…
The post Ether can flip Bitcoin, BitMine chairman Tom Lee says appeared on BitcoinEthereumNews.com.
The Ethereum/Bitcoin rivalry is real, according to Tom Lee, chairman of BitMine and co-founder of Fundstrat. Lee, a key Ethereum stakeholder whose market influence stems from his institutional investments and public advocacy, claims that ETH can reach $60,000 in five years and has a 50% chance of flipping Bitcoin. However, while Ether has been performing undoubtedly well this past summer, topping Bitcoin is a hot take. Summary After the immensely bullish summer for Ether, the “ETH will flip BTC” narrative is back. Ethereum flipped Bitcoin in spot ETF inflows and demonstrates consistent growth. Despite Ether’s success, it must reckon with Bitcoin’s status and so-called “Ethereum killers.” Crypto influencers tend to argue, on X, that Ethereum earns extra praise when Bitcoin is down. A closer comparison between the two cryptocurrencies show that, in the long run, Ethereum is gradually going down against Bitcoin. Ether was at its peak price against BTC in February 2018 at 0.13 BTC per Ether. In the spring and the fall of 2021, when Bitcoin was trending higher, the peak Ether prices were in the 0.08–0.09 BTC range. Fast-forward to 2025: at 0.04 BTC per ETH, one Ether is worth 4 million sats — fewer than before. In other words, after the spring of 2021, Ether’s price saw no serious spikes against Bitcoin. The ETH/BTC price chart | Source: TradingView While Ether has gained price against Bitcoin since April — its price rising from 0.019 to 0.04 — in BTC terms, each unit of ETH is cheaper than it was in 2021 or 2017. Therefore, despite Ether’s current price of $4,280 (a 92.5% rally from last year), Bitcoin maintains its position as the dominant cryptocurrency. As Jeff Embry of Globe 3 Capital put it: “ETH has too high a hill to climb to surpass BTC, and the…
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