DeFi is just an appetizer for Ethereum, and Ethereum 2.0 is the highlight
Recently, Bao Erye said that "I used to only play 100% Bitcoin, but now it has changed to 50% Bitcoin and 50% Ethereum".
People who have been in the currency circle for a long time know that every time Bao Erye talked about digital currency, he only regarded Bitcoin as authentic and called other currencies as cottages. No matter what currency he bought, he had to exchange it for Bitcoin in the end. .
This public statement shows that Bao Erye’s views have begun to change, and he has begun to realize the value of Ethereum. why? I think the fundamental reason is that the recent vigorous rise of DeFi makes people have to pay attention to Ethereum, its potential and future.
Why do you say that?
Why do you say that?
Because we all know that the disadvantages of the current Ethereum are obvious: poor performance and congestion. As long as there is a rise in applications, it will lead to overcrowding and soaring handling fees. But in such a bad situation, the rise of DeFi can attract many players to rush in and participate, willing to endure the soaring fees and the torture of congestion.
The full implementation of Ethereum 2.0 will improve performance by a level compared with the current Ethereum, which will greatly complement the current shortcomings of Ethereum. At that time, many of the functions that various applications want to achieve but cannot achieve will become reality, and the smooth experience they will bring to users will be completely incomparable now. This will further promote the explosion and rise of various applications including DeFi, and bring a wider range of business opportunities and "money scenes".
I have repeatedly emphasized in the article,Ethereum 2.0 is not only the future of Ethereum but also the future of the entire blockchain public chain. The future imagination of Ethereum will definitely be much larger than that of Bitcoin.
The foundation of Bitcoin based on the entire digital currency is its historical significance and the consensus of value storage formed. It is of great significance but the space for value extension is limited. The foundation of Ethereum's foothold is that it will carry infinite possible applications, and its value extension space has infinite possibilities.
So we must not ignore Ethereum.
Jiang Zhuoer said before: At the peak of this bull market, the market value of Ethereum has a high probability of surpassing Bitcoin.
When will the peak of this round of bull market come? Different people have different opinions. In fact, I am not sure whether the current round of the market is the starting point of the so-called bull market, because the prices of Bitcoin and Ethereum are not high in my opinion. At the time of writing, the price of Ethereum is less than $350, which is only about a quarter of the peak price of the previous round.
But I firmly believe that the bull market will definitely come, and the peak of Ethereum in the next bull market will definitely exceed the peak of the previous round of $1,400.
If the market value of Ethereum is likely to exceed that of Bitcoin, let’s make a simple estimate: the market value of Bitcoin is now about 200 billion U.S. dollars, and the market value of Ethereum is about 40 billion U.S. dollars. Assuming that the price of Bitcoin remains unchanged at the moment, then Ethereum will have a 5-fold increase in space, that is, it will reach nearly $1,800.
But obviously, in the next round of bull market, it is impossible to maintain the price of Bitcoin only at the current price. If it is conservatively estimated that in the next round of bull market, the price of Bitcoin will double to $20,000, then the price of Ethereum will It will reach $3,600, which seems unbelievable when we look at this data in the current market.
So will this miracle happen in the future? Let's wait and see!
