The current market share of Bitcoin is at a high level. A market share of 63.68% is actually very high; at the beginning of 2023, the price of Bitcoin was only $16,000, but at that time, the market share of Bitcoin was only 40%.

So even though Bitcoin has increased sixfold, the performance of altcoins, represented by Ethereum, is still not very good.

BTC has long occupied 60% of the market value, which is clearly an abnormal state.

ETH and BTC are on par in terms of decentralization (although I believe that ETH will undoubtedly be stronger in the long run), and the currencies based on ETH can share the security of ETH, including other public chains that each have their own merits, so there should be a flourishing ecosystem.

BTC's dominance in this round is essentially institution-led, which is a special state rather than a normal state; this can also be seen as the early holders of BTC completing a reversal, allowing old money and capital to take over. I believe that in the long run, a market value share of BTC below 40% is reasonable.

I think the current market value share of BTC may become a historical high point.

In the past year or two, Ethereum has been heavily criticized, but poor performance actually presents more opportunities. Recently, institutions like BlackRock have significantly increased their positions in Ethereum ETFs, with historical net inflows reaching $6.29 billion, and they are also trapped; companies like Bit Digital, SharpLink, and GameSquare have also successively expanded their Ethereum reserves. Therefore, in the next two to three years, the potential for Ethereum is still greater than that of Bitcoin.