• 1Confirmation predicts Ethereum will surpass Bitcoin’s market cap by 2029.
• The firm also argued the Prediction markets could see 100x growth, driven by political events.
• DeFi and NFTs are poised for resurgence through SocialFi and app chains.

Cryptocurrency is set to see a major shift in the next five years, with Ethereum projected to surpass Bitcoin’s market cap by 2029, according to 1Confirmation, a leading venture capital firm. This bold prediction comes as recent approvals of Bitcoin and Ethereum spot ETFs signal growing Wall Street acceptance.

According to a Q2 2024 letter LP shared on X by Nick Tomaino, Bitcoin ETFs currently boast over $788 billion in assets under management, while Ethereum ETFs hold $88 billion. Corporate contributions to pro-crypto political campaigns have also surged to $119 million, despite pushback from the Biden administration.

1Confirmation predicts that Ethereum’s market cap, currently around $321 billion, will surpass Bitcoin’s $1.2 trillion by 2029. The firm argues that Ethereum’s utility in decentralized applications and finance gives it a major advantage over Bitcoin’s “digital gold” narrative. Ethereum’s role in bui…

The post Ethereum’s Market Cap to Eclipse Bitcoin’s by 2029 appeared first on Coin Edition.

• 1Confirmation predicts Ethereum will surpass Bitcoin’s market cap by 2029.
• The firm also argued the Prediction markets could see 100x growth, driven by political events.
• DeFi and NFTs are poised for resurgence through SocialFi and app chains.

Cryptocurrency is set to see a major shift in the next five years, with Ethereum projected to surpass Bitcoin’s market cap by 2029, according to 1Confirmation, a leading venture capital firm. This bold prediction comes as recent approvals of Bitcoin and Ethereum spot ETFs signal growing Wall Street acceptance.

According to a Q2 2024 letter LP shared on X by Nick Tomaino, Bitcoin ETFs currently boast over $788 billion in assets under management, while Ethereum ETFs hold $88 billion. Corporate contributions to pro-crypto political campaigns have also surged to $119 million, despite pushback from the Biden administration.

1Confirmation predicts that Ethereum’s market cap, currently around $321 billion, will surpass Bitcoin’s $1.2 trillion by 2029. The firm argues that Ethereum’s utility in decentralized applications and finance gives it a major advantage over Bitcoin’s “digital gold” narrative. Ethereum’s role in bui…

The post Ethereum’s Market Cap to Eclipse Bitcoin’s by 2029 appeared first on Coin Edition.