PANews reported on May 10 that Nick Tomaino, founder of 1confirmation, posted on the X platform that BTC is the first cryptocurrency that serves the people. The grassroots spirit and belief from the bottom up has made it from scratch, and its market value has soared to more than 2 trillion US dollars. The value storage based on trust in mathematics rather than people is changing the world, but BTC has now become the preferred institutional asset for large companies and governments. One entity owns more than 2.5% of BTC shares. Currently, no practical applications have been developed on Bitcoin to attract new users, and there are no use cases to expand market share except for value storage.

ETH is a trusted and neutral Internet-native value storage tool that supports a developer platform that covers stablecoins, decentralized finance, NFTs, prediction markets, decentralized social, decentralized identity, etc. All new use cases that have driven the development of this field in the past decade have appeared on Ethereum and are constantly developing. These use cases have attracted new users, distributed ETH as a value storage tool, and increased the scarcity of ETH.

Some people think there will only be one trusted, neutral, internet-native store of value in the future. They are dead wrong. There may be many, but there are only two viable options at the moment: BTC and ETH.