In recent years, BTC has significantly outperformed ETH, even outpacing it by a considerable margin. The exchange rate has shown a long-term downward trend, falling from 0.084 to the current 0.0315. So, what will the exchange rate look like in the next few years? In layman's terms, which will earn more in the next few years: holding BTC spot ($74,000) or ETH spot ($2,326) in the current market ($74,000)? ETH's narrative has shifted from its early explosive application to the robustness of its underlying infrastructure. The early DeFi summer and NFT craze exhausted many expectations, and there's been no new narrative to fuel this growth. BitMine plans to accumulate 5% of the total ETH supply, currently accumulating approximately 3.6% (4.6 million ETH), with over 3 million already staked, and will continue to accumulate. BlackRock officially launched an Ethereum ETF (ETHB) this month that includes staking functionality, which are all long-term positives. However, relying on these factors to outperform BTC in the future is unlikely to be supported by micro-strategies. I used to enjoy the thrill of trading cryptocurrencies, with both gains and losses, but after the spot market crash, I'm exhausted. The simplest way is to hold BTC spot, which is better than anything else.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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