ETHBTC is about to start a moon expidition
When the next hardfork is complete Ethereum will have full PoS capability where people can stake and unstake as they want (there will be a queue) which will make it much more complete. This will give it a big boost in credibility i think and people will like to hold it! Its layer 2 ecosystem is also popping off it is the fastest growing in the space with Arbitrum and Optimism having several billion dollars in TVL despite being in beta. Last but not least Ethereum itself is gaining more credibility in general as time goes on. It is more battle tested. Essentially it can become money and store of value just as well as BTC. The determining factor will be network effects and Ethereums is far bigger than BTC. More clients, more developers, more users. Bitcoin is facing an uphill battle vs ETH and the only way ETH loses is if it screws something up which i dont think will happen. They are proffesional and they are well funded and this is just speculation but i believe the Ethereum foundation has close ties with governing bodies in EU and USA which wont do anything to harm ETH but its competitors instead. All in all there is a strong case for the flippening and beyond, i am aiming high and going for the parity! Where 1 ETH = 1 BTC. But lets see!
I almost forgot. The top right of this chart is the Ethereum supply which is clearly shrinking since it switched off PoW.
I almost forgot. The top right of this chart is the Ethereum supply which is clearly shrinking since it switched off PoW.
Note
I realise that the Ethereum Foundation having ties with governing bodies of EU and USA is a bold claim and maybe its just a coincidence, but a Bitcoin ETF has not been approved yet, Binance USD stablecoin is under scrutiny, Kraken who is the only major exchange that has enabled Bitcoin layer2 has just been fined by the SEC. The SEC sued XRP and got it delisted. There is alot of evidence on the surface that Ethereum is getting preferential treatment, but that is not the main point. I just want to expand on it none the less. Have a nice day.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.