PANews reported on May 10 that Nick Tomaino, founder of 1confirmation, posted on platform X stating that BTC is the first cryptocurrency that serves the people. Its grassroots spirit and belief have allowed it to grow from nothing to a market value exceeding $2 trillion. The value storage based on trust in mathematics rather than trust in people is changing the world, but BTC has now become the preferred institutional asset for large companies and governments. An entity owns more than 2.5% of BTC, and currently, there are no practical applications developed on Bitcoin to attract new users. Besides value storage, there are no use cases to expand market share.
ETH is a trustworthy and neutral internet-native value storage tool that supports a developer platform covering stablecoins, decentralized finance, NFTs, prediction markets, decentralized social, decentralized identity, and more. All new use cases that have driven the development of this field over the past decade have appeared on Ethereum and are continuously evolving. These use cases attract new users, distributing ETH as a value storage tool and enhancing ETH's scarcity.
In the future, there will only be one trustworthy, neutral, internet-native means of value storage; they are very wrong, there may be many, but currently, there are only two viable options: BTC and ETH.
