1confirmation founder: There will be many choices in the future, but today only BTC and ETH

TechFlow news, May 10 — Nick Tomaino, founder of 1confirmation, said on X that ETH has the potential to surpass BTC, with its key advantage being a rich application ecosystem.

He noted that while BTC was the first cryptocurrency and grew from zero to over $2 trillion in market cap, it has now become an asset chosen by institutions and governments, with single entities holding more than 2.5% of BTC.

In contrast, ETH serves as a trust-minimized, internet-native store of value, building a development platform hosting applications such as stablecoins, decentralized finance, NFTs, prediction markets, and decentralized social networks. He believes these use cases will bring crypto technology to billions, making ETH as a store of value even scarcer.

Finally, he stated: There will be many options in the future, but today there are only two viable ones: BTC and ETH