Co-founder of 1confirmation: The Supremacy of Ethereum Over Bitcoin is Not a Delusion; It’s Just a Matter of Understanding or Acknowledgment.

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ETH is by no means “impossible” to surpass Bitcoin

Ethereum is realizing the original vision of Cypherpunk

ETH is also a store of value

Breaking free from ideology

Recently, the price of Ether reversed its previous sluggish trend, with a significant increase in upward momentum, managing to maintain relatively strong momentum even compared to Bitcoin. In response, Nick Tomaino, founding partner of the crypto venture capital firm 1confirmation, made a comment on social media that sparked heated discussion, stating: “If you firmly believe that ETH will never surpass BTC, then you either do not understand the industry or lack self-reflection.”

Nick Tomaino expressed that while he believes it is “unlikely” for Ethereum’s market value to surpass Bitcoin, he considers it “not impossible.” He pointed out that even some staunch Bitcoin advocates are aware of this, but they tend to exhibit strong rejection whenever the topic arises out of a defensive instinct.

Nick Tomaino did not deny Bitcoin’s value. He referred to BTC as “a scarce, trustless, globally recognized store of value that is native to the internet,” which remains the most influential crypto asset and one of the best-performing assets on a risk-adjusted basis. However, he also noted that while this product plays an important role, it cannot represent the full potential of the cryptocurrency industry.

In Nick Tomaino’s view, Ethereum has gradually realized the vision of early Cypherpunk advocates such as Satoshi Nakamoto and Hal Finney—bringing decentralized finance and social applications to billions of people worldwide. He particularly emphasized that key applications currently operating on Ethereum include:

• Stablecoins
• Decentralized Exchanges (DEX)
• Decentralized Lending Protocols
• NFTs
• Prediction Markets
• Decentralized Social Networks

These are practical applications in the real world that meet user demands and are scalable, rather than mere speculative experiments. He added that Ethereum, as a public chain capable of accommodating such a vast application ecosystem, is not only a technical platform but also a valuable asset with scarcity and trustless neutrality.

Nick Tomaino believes that Ethereum’s advantages lie not only in its functionality and composability but also in its potential for “distribution depth” and “application extensibility.” As more and more new users enter the Ethereum ecosystem through these applications, the distribution of ETH as a store of value asset will become even broader. This contrasts with Bitcoin’s primary positioning as a long-term store of value, which is relatively conservative in terms of trading and application.

Nick Tomaino pointed out that the significance of the topic “Will Ethereum surpass Bitcoin” is not a prediction of immediate results but rather an indication that a re-evaluation of value and functionality is occurring in the market. He does not attempt to draw conclusions but calls on industry participants to set aside ideology and face a fact: “While ETH flipping BTC may be unlikely, it should absolutely not be considered an absurd hypothesis.”