1confirmation founder: BTC and ETH can become native value storage means in the future

PANews reported on May 10 that Nick Tomaino, founder of 1confirmation, posted on the X platform that BTC is the first cryptocurrency to serve the people, and its bottom-up grassroots spirit and belief have made it soar from scratch, with its market value soaring to more than $2 trillion. Stores of value based on trust in mathematics rather than people are changing the world, but BTC has now become the preferred institutional asset for large companies and governments, with an entity with over 2.5% of BTC share, and currently no practical applications are developed on Bitcoin to attract new users, and there are no use cases that can expand market share except store of value.

ETH is a trusted and neutral Internet native value storage tool that supports the developer platform, which covers stablecoins, decentralized finance, NFT, forecasting markets, decentralized socialization, decentralized identity, etc. All new use cases that have driven the field over the past decade have emerged on Ethereum and are constantly evolving, which have attracted new users to distribute ETH as a store of value tool and enhance the scarcity of ETH.

Some people will only have a trustworthy, neutral, and Internet-native storage method of value in the future. They are very wrong and there may be many, but there are only two feasible options at present: BTC and ETH.