1confirmation Founder: ETH Will Propel Crypto to One Billion Users and Ultimately Surpass BTC

Odaily Planet Daily reports that Nick Tomaino, founder of 1confirmation, published an article explaining why $ETH will surpass BTC. He pointed out that while $BTC achieved a market value of 2 trillion USD based on the concept of "trustless value storage," it has now evolved into an asset favored by institutions and governments, characterized by high concentration and a lack of practical application support. One entity holds over 2.5% of $BTC, and its ecosystem lacks real applications that can attract new users. In contrast, $ETH is a trust-minimized, internet-native value store. As the underlying asset of a developer platform, it supports key sectors such as stablecoins, DeFi, NFTs, prediction markets, decentralized social networks, and identity. Almost all new use cases driving the industry over the past decade originated on Ethereum and continue to grow. These applications have not only expanded the crypto user base but have also continuously enhanced $ETH's scarcity by using it as a settlement and collateral asset. Nick stated that the extremist view advocating only one trust-minimized value store is incorrect. Although more options may emerge in the future, currently, there are only two truly viable options: $BTC and ETH.