Viewpoint: Ethereum will surpass Bitcoin

BlockBeats News: On May 10th, Nick Tomaino, the founder of 1cConfirmation, posted on X stating that "Ethereum will surpass Bitcoin (ETH will flip BTC) Bitcoin is the first cryptocurrency created by the people for the people. Driven by grassroots spirit and bottom-up beliefs, it has grown from nothing to an asset worth over $2 trillion. The storage value concept based on trust in mathematics rather than people has changed the world, but now Bitcoin has become the preferred institutional asset for large corporations and governments. An entity owns over 2.5% of Bitcoin. There are no practical applications built on Bitcoin to attract newcomers. Apart from storing value, Bitcoin has no other use cases to expand the market. Ethereum is a credible and neutral storage value asset originating from the Internet, supporting the development platform, covering stable currency, decentralized finance (DeFi), NFT, forecasting market, decentralized social networking, decentralized identity, etc. All the new use cases that have driven the development of the encryption field in the past decade have been built on Ethereum, and these use cases are all growing. These use cases attract newcomers to distribute Ethereum as a storage value and make Ethereum even scarcer. Maximists claim that there will only be one credible neutral storage value asset originating from the Internet. They are completely wrong. There will be many such assets in the future, but currently there are only two viable options: Bitcoin and Ethereum