"Ethereum to surpass Bitcoin's market capitalization"

Son Min

Summary

Tom Lee, chairman of Bitmain's board, said Ethereum (ETH) market capitalization could surpass Bitcoin (BTC).
He likened it to the history in which the dollar replaced gold after the Nixon Shock, stating that Ethereum could follow a similar growth path.
He predicted that in a future where everything is tokenized (tokenized), Ethereum will play a central role.

Claims have emerged that Ethereum (ETH) market capitalization will eventually overtake Bitcoin (BTC). Currently, Bitcoin's market cap is about $2.17 trillion, approximately 4.6 times larger than Ethereum (about $476.3 billion).

On the 17th (local time), Cointelegraph reported that Tom Lee, chairman of Bitmain's board, said in an interview with Cathie Wood, CEO of ARK Invest, "Similar to how the stock market overtook gold's market capitalization after 1971, Ethereum can also surpass Bitcoin."

He explained, "After the Nixon Shock (Nixon Shock), the dollar left the gold standard and became a complete 'synthetic asset,' and Ethereum could follow a similar growth path." He said that although demand for gold temporarily increased immediately after the Nixon Shock, Wall Street later created dollar-centered financial products and shifted the market's focus to the dollar.

He added, "Ethereum's opportunity lies precisely in a reproduction of this 'dollar hegemony,'" and "When an era comes in which everything is tokenized (tokenized), Ethereum will stand at the center of it." He went on to predict that "not only the dollar but also stocks and real estate will move to blockchains."

ETH