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The founder of 1confirmation refers to ETH as an internet-native value storage tool and suggests holding it for the long term.

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Dec 24, 2024

Nick Tomaino, the founder of 1confirmation, stated on the X platform that $ETH is the native value storage tool of the internet, possessing the best monetary policy globally. He pointed out that unlike Bitcoin ($BTC), which will reach a supply limit of 21 million by the year 2140, the supply of $ETH will gradually decrease with the increase of applications such as DeFi, stablecoins, NFTs, prediction markets, and SocialFi. He suggested that investors stake $ETH for returns while holding it for the long term.

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