Opinion: Ethereum will surpass Bitcoin

BlockBeats News, on May 10, Nick Tomaino, the founder of 1confirmation, posted on X, "Ethereum will surpass Bitcoin (ETH will flip BTC) Bitcoin is the first cryptocurrency created by the people for the people. Fueled by a grassroots ethos and bottom-up belief, it has grown from nothing to an asset with a market capitalization of over $2 trillion. The idea of storing value based on math rather than trust in people has changed the world, but today Bitcoin is the institutional asset of choice for large corporations and governments. One entity owns more than 2.5% of Bitcoin. There is no utility app built on Bitcoin to attract newcomers. There is no other use case for Bitcoin to expand the market other than storing value. Ethereum is a trusted, neutral, internet-native stored value asset that underpins the development platform, covering stablecoins, decentralized finance (DeFi), NFTs, prediction markets, decentralized social, decentralized identity, and more. All of the new use cases that have driven the crypto space over the past decade have been built on Ethereum, and those use cases are growing. These use cases attract newcomers, distribute Ethereum as a store of value, and make Ethereum more scarce. The maximalists claim that there will only be one credible neutral, internet-native storage value asset. They couldn't be more wrong. There will be many such assets in the future, but there are only two viable options for now: Bitcoin and Ethereum."