The ETH/BTC metric has experienced a prolonged downtrend, losing 36.4% of its value over the past two years, according to Tuur Demeester, a prominent Bitcoin advocate. This decline is attributed to Ethereum's shift to the proof-of-stake (PoS) consensus 18 months ago, leaving Bitcoin as the major cryptocurrency using proof-of-work (PoW). Despite some followers suggesting potential long-term growth, veteran trader Peter Brandt predicts a further 57% decline in the ETH/BTC ratio over the next three years.
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