1confirmation founder Nick Tomaino argues that Ethereum and Bitcoin are the only assets competing for the 'credibly neutral store of value' narrative, calling all other tokens 'company coins.' With Ethereum's current market cap at $300 billion, reaching $100 trillion would imply a 333x surge. He also notes that Robinhood Chain launching as an L2 validates serious developers' preference for the EVM ecosystem.
BlockBeats, September 4 — Nick Tomaino (@NTmoney), founder of 1confirmation, posted that ETH and BTC are the only two assets competing for the 'credibly neutral store of value' narrative, while all other tokens are 'company coins' (insider-driven, subject to jurisdiction, and reliant on business development). With Ethereum's current market cap at just $300 billion, achieving a $100 trillion valuation would imply a theoretical 333x increase.
He also noted that Robinhood Chain launching as an L2 further validates that serious developers are inclined to choose the EVM ecosystem for greater control and better economic models, while continuously strengthening Ethereum's network effects.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
