Founder of 1confirmation: ETH will eventually rise to $10,000

PANews reported on January 1 that Nick Tomaino, founder of 1confirmation, tweeted, "Posting a bullish post on ETH because I care about the truth, no matter what people on the X platform say. No matter what, ETH will reach more than $10,000." Reasons to be bullish on Ethereum:

• The best crypto developers are still developing on Ethereum, just as they have been for the past seven-plus years.
• Laying out new use cases in advance will lead to powerful and defensible network effects. Once a new use case succeeds on Ethereum, other chains will copy it. Take NFTs and stablecoins as an example, although Ethereum’s dominance of these two use cases is undeniable.
• On-chain usage drives value for ETH holders because ETH has an excellent monetary policy. Transaction fees are burned, so as usage increases, if the amount of ETH burned is greater than the staking rewards, the supply will decrease. Bitcoin has a simple digital gold narrative that institutions have agreed on: the total amount in 2140 will be 21 million. Ethereum’s scarcity narrative is not simple on the surface, but is actually just as powerful.
• The distribution of ETH as a currency is now happening at both the institutional and local levels. ETH ETF inflows were strong in the last five months of 2024, but are expected to accelerate in 2025 as Wall Street's understanding of ETH deepens and ETFs begin staking. At the same time, the growth of applications on L2 and the upcoming L3 will accelerate the local adoption of ETH as a currency.