• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
The Flippening in nature

Could Dreams Of Ethereum Flippening Bitcoin Be “Officially Cancelled”?

Eduardo Próspero
by Eduardo Próspero
4 years ago
·
Posted in Altcoin Price, Bitcoin, Bitcoin Price, Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Word on the street is that every time people start talking about “The Flippening,” the market crashes. The possibility of a mythical time when Ethereum’s market capitalization surpasses that of Bitcoin is a common meme in the crypto industry. And this time, it was close. This year, Ethereum’s growth is not to be ignored. Is the momentum not there anymore? Or is this the calm before the storm?

A relationship between new paradigm, super cycle, flippening and shitcoin hysteria.

Peak euphoria, when the market thinks "Bitcoin is old", gets healthily crushed.

Chart: google searches for "flippening" pic.twitter.com/X8Fh0EF3Cz

— Charles Edwards (@caprioleio) May 19, 2021

The crypto bloodbath we’re experiencing feels like a cruel winter. Graphs of all kinds are all pointing down, bleeding red. And The Flippening narrative is one of its main victims, even though Bitcoin suffered catastrophic losses. It seems like a week ago everyone and their mothers were talking about Ethereum. Nowadays, the climate is different. 

There’s one exception, though.

Ethereum price chart for 05/21/2021

ETH price chart on Bittrex | Source: ETH/USDT on TradingView.com

The Flippening In The British House Of Commons

https://twitter.com/TomTugendhat/status/1395472853991051265

The MP for Tonbridge, Edenbridge, and Malling, Tom Tugendhat, went viral. He posted the video himself. It shows his recent intervention in the House Of Commons, where Tugendhat went all-in and introduced a few key concepts to his sparse audience:

“Because this bill, this speech, doesn’t cover the changing nature of currency. The changing nature of the economy. And the innovations that we’re seeing online through various forms of cryptocurrencies. I’m not going to go on in the few minutes left to me, of the flippening or why I’m going to be bullish on Ethereum and not Bitcoin.”

Even though this is hilarious, it might prove to be a pivotal moment for cryptocurrencies in general. Institutional adoption was one thing, but this kind of governmental familiarity is something not many were expecting so soon. 

Related Reading | NFTs are the new cool kids on the block

The narrative before the bloodbath 

Here at Bitcoinist, we covered the possibility of a flippening. Let’s recap. On one hand, we reported on an expert who considered it inevitable:

In a recent episode of the “Uncommon Core” podcast, Twitter-famous investor CryptoCobain told Su Zhu and Hasu:

“I think the flippening is now inevitable, but I think it’ll be incredibly temporary. I think you’ll have a massive blow-off top, and ETH’s blow-off top will be slightly before or slightly after the Bitcoin blow-off top, and it’ll temporarily flippen. I’ve never felt more comfortable with a trade in my life. Not financial advice to your listeners. And the reason is that the total addressable market of things for Ethereum is just gigantic.”

On the other, we consulted on another expert that doesn’t even consider holding an Ethereum position:

Pysh thinks that Bitcoin is a better solution for the problem at hand, “Sound, censorship-resistant money, w/ timeless decentralization.” And that with a, “100 trillion + bond market that’s already priced to collapse,” a massive influx of money is coming to Bitcoin. It’s not coming to Ethereum, because it’s “controlled by tech gatekeepers.” 

BTCUSD price chart for 05/21/21 - TradingView

BTC price chart on KuCoin | Source: BTC/USDT on TradingView.com

Related Reading | Trail of Destruction: Bitcoin’s $13,000 Rally Liquidated $360m in Short Positions

What do the trends say about the flippening?

Even though the narrative died down, the stats remain intact after the bloodbath. All of the cryptocurrencies are down, together. So, Ethereum has still around 40% of Bitcoin’s market cap. And the percentage is exactly the same if we compare the active nodes. It already surpassed BTC in everything that has to do with transactions, from quantity to fees generated. And ETH is not even close in Google search interest and active addresses.

Photo by Jeremy Bishop on Unsplash - Charts by TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Eduardo Próspero

Eduardo Próspero

Follow

Eduardo Prospero is an author, a content writer, and a professional rapper. A Bitcoin maximalist in disguise. Working on a Bitcoin book. Beware of my Telegram impersonator!

Full Profile

Related Posts

Bitcoin

Analyst Says All Bitcoin Price Uptrend Are Duds Unless This Happens

1 hour ago
3 Fresh Wallets Buy $148.8M Ethereum – Silent Stacking

3 Fresh Wallets Buy $148.8M Ethereum – Signs Of Silent Stacking

10 hours ago
Institutional Players Add 218,750 Ethereum ($943M) In 2 Days: Big Money Bets On ETH

Institutional Players Add 218,750 Ethereum ($943M) In 2 Days: Big Money Bets On ETH

13 hours ago
Bitcoin Buying Frenzy Ahead As Eric Trump Predicts ‘Floodgates Are Opening’

Bitcoin Buying Frenzy Ahead As Eric Trump Predicts ‘Floodgates Are Opening’

16 hours ago
Ethereum

Binance Ethereum Reserves Shrinks As Whale Outflows Persist – Here’s What They Are Up To

20 hours ago
Bitcoin

Corporate Bitcoin Allocation Climbs As Companies Invest 22% Of Profits: Study

1 day ago
Please login to join discussion

Premium Sponsors

Press Releases

  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    14 hours ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    14 hours ago
  • miner

    Cardano (ADA) Market Outlook: Long-term Potential Passive...

    14 hours ago
  • etnminer

    How to Play to Earn Crypto in 2025: Discover 6 Most...

    19 hours ago
  • miner

    BAY Miner Cloud Mining App Launches with ETH and BTC Users...

    20 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.