Ethereum’s “Nixon Moment”?

Tom Lee believes ETH could surpass BTC like how US equities overtook gold after the 1971 Nixon Shock.

Author

Danielle du Toit
October 17, 2025

Here's what we've got for you today:

  • ‘Ethereum Could Flip Bitcoin’ Like Wall Street Flipped Gold: Tom Lee

  • Jack Dorsey Backs Push to Bring Bitcoin Payments to Signal

  • Ripple Seeks to Buy $1 Billion XRP Tokens for New Treasury: Report

  • Florida Proposal Puts Bitcoin and ETFs on the Menu for State and Pension Funds

Tom Lee says Ethereum could one day surpass Bitcoin in market dominance, similar to how US equities overtook gold after the Nixon Shock in 1971.

  • Tom Lee believes Ethereum could eventually surpass Bitcoin in market dominance like how US equities overtook gold after the 1971 Nixon Shock.

  • Lee argues that just as the US dollar became dominant through financial innovation after becoming “fully synthetic,” Ethereum could become the dominant digital asset as tokenization expands.

  • Despite Ethereum’s current market cap being 4.6 times smaller than Bitcoin’s, Lee says Ethereum’s potential lies in powering the tokenized economy of the future.

Jack Dorsey and other Bitcoin advocates are backing “Bitcoin for Signal,” to integrate Bitcoin payments into the Signal app.

  • A new initiative called Bitcoin for Signal aims to integrate Bitcoin payments into the Signal app by using the Cashu protocol.

  • Jack Dorsey and several Bitcoin developers, including Peter Todd and Pavol Rusnak, endorsed the campaign by calling for Bitcoin adoption within Signal.

  • Supporters say Bitcoin payments could align with Signal’s privacy mission, offering its 70 million users peer-to-peer Bitcoin transfers.

Ripple Labs is reportedly preparing a $1 billion fundraising effort via a SPAC to buy XRP for a new digital asset treasury.

  • Ripple Labs is reportedly planning to raise $1 billion through a SPAC to buy XRP for a new digital asset treasury, according to Bloomberg.

  • The treasury will include both newly purchased XRP and tokens from Ripple’s existing holdings. The final deal terms are still under discussion.

  • Ripple already holds over 4.5 billion XRP and has another 37 billion locked in escrow, which are released monthly for potential sales or re-escrow.

Florida’s HB 183 will let the state invest in Bitcoin and other digital assets as inflation hedges and stores of value.

  • Florida’s House Bill 183 proposes allowing the state to invest up to 10% of key public and retirement funds in digital assets like Bitcoin, tokenized securities, and NFTs.

  • The bill will also let Floridians pay certain taxes and fees in digital assets, which would be converted to dollars for the state’s general fund.

  • The bill positions Bitcoin as a potential hedge against inflation and store of value for state-managed funds, with an effective date of July 1, 2026.

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