Opinion: Ethereum Will Surpass Bitcoin

On May 10th, Nick Tomaino, the founder of 1confirmation, posted on X and said, "Ethereum will surpass Bitcoin (ETH will surpass BTC). Bitcoin is the first cryptocurrency created by the people and for the people. Driven by the grassroots spirit and a bottom-up belief, it has grown from nothing to an asset with a market capitalization exceeding 2 trillion dollars. The concept of a store of value based on trust in mathematics rather than trust in people has changed the world. But today, Bitcoin has become the preferred institutional asset of big companies and governments. One entity holds more than 2.5% of Bitcoin. There are no practical applications built on Bitcoin to attract newcomers. In addition to a store of value, Bitcoin lacks other use cases to expand the market. Ethereum is a trust-neutral, internet-native store of value asset that powers a development platform including stablecoins, decentralized finance (DeFi), NFTs, prediction markets, decentralized social, decentralized identity, and more. All new use cases that have driven the development of the crypto space in the past decade are built on Ethereum, and these use cases are all growing. These use cases attract newcomers, distribute Ethereum as a store of value, and make Ethereum more scarce. Maximalists claim that there will only be one trust-neutral, internet-native store of value asset. They are greatly mistaken. There will be many such assets in the future, but currently there are only two viable choices: Bitcoin and Ethereum."