Celsius CEO, Alex Mashinsky, claimed that Ethereum surpassed Bitcoin by market cap on their platform. And soon it will happen on all platforms.
Celsius is a lending platform where people can buy, sell, lend & trend their funds with crypto & fiat.
In a recent interview, CEO of Celcius, Alex Mashinsky reported that Ethereum is at another level where Bitcoin doesn’t exist at the top.
According to data reports of Celcius, a huge Investment is going on for Ethereum than in Bitcoin by Dollar users at their platform.
According to their records, there is $17 billion of investment by a firm for Ethereum which is very high in comparison with the Bitcoin holders and investors at their platform.
And also Alex Mashinsky believes, this trend will continuously take place and in 2022 to 2023 the Market cap of Ethereum will cross the Bitcoin’s Market Cap.
The flippening already happened. Ethereum already surpassed Bitcoin in dollar terms as the total holdings of the Celsius community, and I think that the broader market will follow it in the next year or two. We will see that flippening happening also in the broader market.
Here we have to focus one the term ” Flippening”. According to expectations Ethereum will flip the role of the Cryptocurrency market with Bitcoin.
Ethereum will be at top and then bitcoin will come to second position if trends follow the same thing in the long run.
But he also emohas at the point of use case. He clearly said that Bitcoin and Ethereum both are different things from the point of use cases.
At one side Bitcoin is king of the market and is better for the Investment only then at another side Ethereum is perfect to use in multiple types of payments options and in Decentralized applications.
Some experts of cryptocurrency market shared their point of view regarding this interview and claimed that Bitcoin will always remain at top and no one can beat Bitcoin, no matter what the use case will be and also no matter how much Ethereum became efficient after shift from POW consensus to POS consensus.