Nikita Zhavoronkov, chief developer of blockchain search and analysis platform Blockchair, says an altcoin will likely replace Bitcoin (BTC) as the leading cryptocurrency in the next five years.
Nikita Zhavoronkov: Everyone will be in a hurry to buy Ethereum!
In a series of tweets, Nikita Zhavoronkov notes that BTC's lack of smart contracts, new privacy features and scaling technologies could ultimately be a problem for leading cryptocurrencies. Nikita Zhavoronkov says Ethereum, which is currently the second largest cryptocurrency by market cap, will likely overthrow BTC.
However, according to Nikita Zhavoronkov, other digital assets can also rise to the top in the crypto market. Nikita Zhavoronkov draws attention to Ethereum 2.0, which is designed to significantly increase Ethereum's trading speed and volume through a proof of stake system as a potential milestone. Nikita Zhavoronkov adds to his statements on the subject:
NOW WHERE IS BITCOIN STAYING TODAY? IT HAS BEEN 5 YEARS FROM THE START OF THE SCALING DISCUSSION (INFINITY!). AND THERE CAN ALSO MAKE SOME RESULTS WITHOUT CHAINING SIZING, TO MAKE ANOTHER TOUR OF THE DISCUSSION ... IF THE OTHER CRYPTOS ARE DEVELOPING, THE BUDGET IS ALSO CONTINUES AS THE DEVELOPMENT IS DEVELOPED. AND NOW THE BIGGEST POTENTIAL DISASTER FOR BITCOIN IS COMING. THINK, POS IN ETHEREUM IS FINALLY READY AND EVERYONE SHOULD Hurry to Buy 32 ETH (A VERY POSSIBLE SCENARIO).
Expert: Ethereum only needs to grow 6 times to overthrow Bitcoin!
The long-awaited ETH 2.0 upgrade will be launched in a number of steps. Nikita Zhavoronkov says that anyone who suspects Ethereum's possibility of replacing Bitcoin should look at the history of the internet and realize how volatile and wild the crypto market really is. Nikita Zhavoronkov adds to his statements on the subject:
THE GENERAL MEDIA WILL BEGIN ABOUT THE ETHEREUM, THEY WILL NOTIFY THE ETHEREUM PRICE INSTEAD BITCOIN. ETHEREUM SHOULD GROW ONLY 6 TIMES TO BITCOIN TO TAKE OVER BITCOIN. NOT AN IMPOSSIBLE SCENARIO.
