1confirmation: The market capitalization of Ethereum will surpass Bitcoin within 5 years, and Wall Street will vigorously promote Ethereum to the world.

BlockBeats news, on August 24th, the cryptocurrency investment firm 1confirmation announced its Q2 2024 LP letter on social media, with founder Nick Tomaino stating in the letter that Ethereum’s Market Cap will exceed BTC’s in the next five years. Currently, BTC’s Market Cap ($1.2 trillion) is 4 times that of Ethereum ($321 billion), and both will continue to rise, but Ethereum will eventually surpass BTC. Nick Tomaino explains that BTC has a clear narrative (digital gold), and institutions have now accepted this narrative. Ethereum has been the most influential blockchain in the encryption field over the past five years, but people outside the industry know little about it. Ethereum is the chain of the decentralized internet being built by the world’s most talented developers, and ETH is the digital oil powering it. Ethereum is scarce, generates income, and has real use cases. As its Market Cap is now significantly smaller than BTC’s, Wall Street is expected to continue buying and aggressively promoting Ethereum to the world in the coming years.