The potential of Ethereum reserves will far exceed that of Bitcoin.

Ethereum itself is a platform for technological innovation that can generate real value and drive productivity improvements. The Ethereum reserve aims to capture the value generated by the entire Ethereum ecosystem's development through capital means and produce future cash flows. This means that, without leverage or with minimal leverage, the Ethereum reserve is a perpetual motion machine that can continue to operate, and the ongoing development of the Ethereum ecosystem is the engine of this perpetual motion machine. The business model of the Ethereum reserve is very similar to Amazon's, both being models that generate future cash flows.

2. On the other hand, the reserves of Bitcoin lack the same dynamic mechanism of continuous evolution. Its value comes entirely from consensus. This could lead to a chain reaction of liquidations in the future if Bitcoin reserves become overly leveraged, as any risk to consensus would trigger this effect. #ETH突破4000