On May 10, Nick Tomaino, founder of 1confirmation, posted on platform X stating that BTC is the first cryptocurrency to serve the people. Its grassroots spirit and belief have allowed it to grow from nothing to a market cap exceeding $2 trillion.
The value storage based on trust in mathematics rather than in people is changing the world, but BTC has now become the preferred institutional asset for large companies and governments. One entity holds over 2.5% of BTC, and currently, no practical applications have been developed on Bitcoin to attract new users; aside from value storage, there are no use cases to expand market share.
ETH is a trusted, 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 emerged on Ethereum and are continuously evolving. These use cases have attracted new users, distributing ETH as a value storage tool and enhancing ETH's scarcity.
Some believe that in the future, there will only be one trusted, neutral, internet-native means of value storage. They are very mistaken; there may be many, but currently, there are only two viable options: BTC and ETH.