by Zero Hedge

5/2/21

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In the immortal words of Ron Burgundy, “that escalated quickly.”

In 15 calendar days, Ethereum has gone from sub-$2000 puke to being over $3000 ($3028 highs)…

Source: Bloomberg

Ether has quadrupled year-to-date (dramatically outperforming bitcoin, which itself has put in a none-too-shabby double YTD)…

Source: Bloomberg

ETH is now at its strongest relative to BTC since Aug 2018…

Source: Bloomberg

As CoinTelegraph notesthe remarkable run has even prompted renewed speculation that Ethereum could “flippen” Bitcoin, overtaking BTC as the largest digital currency in the world.

The first time we detailed Ethereum’s potential was in February 2017 (when ETH was at around $13)

“Because of its capacity for smart contracts — and other complicated computing capacities — Ethereum is viewed as more agile and adaptable than Bitcoin.”

Ethereum is now bigger than Bank of America, Disney, and Home Depot:

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