Ethereum ‘Flippening’ Bitcoin: Can It Happen? How? And What It Might Mean for Crypto?

It sounds like the name of some obscure horror movie, but ‘the flippening’ is something that continues to generate plenty of debate in crypto circles. In fact, now that Ethereum (ETH) is close to its long-awaited shift to proof-of-stake, it has begun attracting more attention than ever before, particularly amid claims that ETH will become a deflationary asset following this shift.  

The flippening: what does it even mean?

“The notion of ethereum ‘flippening’ bitcoin has been around since at least 2017. In the original sense, it meant that ethereum would become a number one cryptocurrency on coin ranking sites such as CoinMarketCap,” said Josef Tetek, Brand Ambassador at SatoshiLabs and Trezor.  In this sense, ETH would need to reach a price of BTC 0.156 per unit in order to flippen its rival, although, at the time of writing, it stands at around BTC 0.0774. It means that ETH should more than double in price while the price of BTC should stay at the same level. Given this gap, Tetek sticks his neck out and says he doesn’t think a flippening in this sense “will ever” happen.