People who really understand BTC basically look down on ETH
BTC belongs to the direction of sound currency, and the moat in this direction is very high.
ETH smart contract public chain direction, the moat in this direction is very low, and any project party can come to compete and grab food.
How many public chains in the top 500 by market value dilute the value of ETH?
In the 20-year bull market, dozens of public chains competed, and in 23 years, dozens of public chains competed again, and then dozens of L2 came to compete. The market value of each public chain is not low, with billions/hundreds of billions.
Slowly, the value and market value of ETH have been diluted.
There is no moat, and there is no ceiling.
There is no second project in the currency circle to compete with BTC, but there are more than 1,000 competing with ETH. Although they may not win, their combined market value far exceeds the market value of ETH.
