‘Ethereum could flip Bitcoin’ like Wall Street flipped gold: Tom Lee

BitMEX chair Tom Lee posited that Ethereum (ETH) could eventually surpass Bitcoin's (BTC) market capitalization, drawing a parallel to how Wall Street equities dominated gold following the US abandonment of the gold standard in 1971 (the "Nixon Shock"). Lee argued that just as the dollar rose to dominance after becoming "fully synthetic," Ethereum's opportunity lies in the tokenization of assets like stablecoins, stocks, and real estate moving onto the blockchain. While acknowledging that Bitcoin's market cap is currently 4.6 times larger than Ethereum's, Lee stated that dollar dominance will be Ethereum's opportunity. He emphasized this remains a "working theory" and confirmed he is still a Bitcoin bull. The concept of the "flippening"—ETH flipping BTC's market cap—is a long-standing debate in the crypto community.

(Source：Cointelegraph)