$BTC /ETH
While Bitcoin has earned the title of “digital gold” and is often viewed as a store of value, Ethereum’s utility as a platform for building decentralized applications has earned it the reputation of “digital oil.” As perceptions of the two cryptocurrencies change, the ETH/BTC ratio may fluctuate accordingly. For example, a change in the general sentiment regarding Ethereum’s potential as a store of value, perhaps driven by factors such as broader institutional adoption or successful decentralized applications (DApps), could lead to an increase in this ratio. We’ll discuss this in more detail in the next section.
