[1confirmation: Ethereum's market value may exceed Bitcoin in the next five years] Golden Finance reported that cryptocurrency investment institution 1confirmation released its LP letter for the second quarter of 2024. Founder Nick Tomaino stated in the letter that Ethereum's market value will exceed Bitcoin in the next five years. Bitcoin's market value is currently 4 times that of Ethereum. Both will continue to grow, but Ethereum will eventually surpass Bitcoin. Nick Tomaino explained that Bitcoin has a clear narrative (digital gold), and institutions have now accepted that narrative. Ethereum has been the most influential blockchain in the crypto space for the past five years, but people (outside the circle) know very little about Ethereum. Ethereum is scarce, generates revenue, and has real use cases. Because its market value is now significantly smaller than Bitcoin, Wall Street is able to own more. Wall Street is expected to continue buying and vigorously promote Ethereum to the world in the coming years.
