I was a 100% bitcoiner 2014 to 2020, but after exploring defi and L2 projects in pipeline, i decided this time is different and converted to eth. That's just my opinion.
To me, it's like gold=Bitcoin, I can fully trust it and know that it will be here in 100 years from now, functioning just the same and that my wallet from today will be perfectly functional, and oil=Ethereum, it's an awesome platform that allows me to run a variety of different financial operations with different assets (including Bitcoin), but it's much more nimble, things are a lot less set in stone and I frankly have no idea what it'll look like in 100 years from now or even if it will still be the dominant defi platform.
A parallel is like, today we only have 1 thing that's gold and many banks/financial institutions that provide variety of services. All these institutions combined are worth a lot of money (the largest banks combined have roughly ~2T$ in market cap[1]), but gold market cap is like 11T$.
Just my 2 cents, I own both and hope both succeed.
A parallel is like, today we only have 1 thing that's gold and many banks/financial institutions that provide variety of services. All these institutions combined are worth a lot of money (the largest banks combined have roughly ~2T$ in market cap[1]), but gold market cap is like 11T$.
Just my 2 cents, I own both and hope both succeed.
1: https://www.statista.com/statistics/431751/leading-banks-usa...