Ether already ‘flippening’ Bitcoin, says Celsius CEO

Cointelegraph

Published Jul 06, 2021 04:17AM ET

Updated Jul 06, 2021 06:00AM ET

Bitcoin (BTC), the largest cryptocurrency by market capitalization, has already started losing its market dominance to Ether (ETH), according to Celsius Network CEO Alex Mashinsky.

In a Monday interview with Kitco News, Mashinsky argued that the Ether “flippening,” or the hypothetical scenario in which Ether overtakes Bitcoin as the world’s most valued cryptocurrency, is already happening right now.

All-time Bitcoin dominance chart. Source: CoinMarketCap

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