According to TechFlow from ShenChao, on May 11, Nick Tomaino, founder of 1confirmation, posted on the X platform stating that those who say $ETH can never replace $BTC lack self-awareness.
Today, it is Ethereum that realizes the vision of Satoshi Nakamoto and the cypherpunk pioneers: empowering billions of people through decentralized products. Stablecoins, decentralized exchanges, decentralized lending, NFTs, prediction markets, and decentralized social networks are all crucial to achieving this goal. Additionally, $ETH is a scarce and trust-minimized store of value, and with billions of people using new use cases, Ethereum has the potential for broader distribution.
Of course, $BTC, as a scarce, trust-minimized, internet-native store of value, is excellent for the world and remains one of the most influential products to date.