What's a "Flippening"?
We’ve talked a lot about Bitcoin on the Bloomberg Crypto podcast - the world’s oldest, largest, and most popular cryptocurrency. But in this episode, we’re going to talk about the number two token - Ether, and about the blockchain it’s built on. Ether’s market value is still about half that of Bitcoin’s. But a recent surge - a whopping 50 percent since mid-June - has some Ether fans hoping it’ll unseat the number one crypto. There’s even a word for this theoretical event: it’s called the “flippening.” Could Ether overtake Bitcoin, upending more than a decade’s worth of Bitcoin dominance? And what would that mean for the future of crypto? To better explain what exactly the flippening entails, Bloomberg reporters Olga Kharif and Vildana Hajric join this episode.See omnystudio.com/listener for privacy information.