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A $5 billion bet: Will Ethereum overthrow Bitcoin's throne?
An epic battle for the throne is unfolding in the crypto world. Fundamental Global has just filed for a $5 billion shelf registration, all dedicated to its Ethereum treasury strategy, with the goal of capturing 10% of the digital asset market. Even more shocking, Consensys CEO Joe Lubin has publicly predicted that the treasury company will push ETH's market capitalization past BTC within a year. This isn't just an exaggeration, but a strategic judgment based on deep logic. The competition between Ethereum and Bitcoin is essentially a clash of two value propositions. Bitcoin is digital gold, with scarcity at its core. Its capped supply of 21 million coins makes it a perfect store of value. However, its functionality is relatively limited; beyond transferring and holding, you can't do much with Bitcoin. Like gold, it's valuable but has limited uses.
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