A crypto expert, Nick Tomaino, thinks Ethereum could become just as valuable as Bitcoin someday. He makes a strong case for why this might happen.
Ethereum’s Advantages Over Bitcoin
Tomaino points out that Bitcoin was initially a decentralized currency built by and for the people. Its massive success came from this grassroots support. However, he argues that Bitcoin is losing its neutrality and decentralization because big companies and governments are now heavily invested in it. He even mentions that a single entity owns over 2.5% of all Bitcoin.
He also criticizes Bitcoin’s limited capabilities. Its smart contract functionality is weak, meaning it can’t support many useful applications.
In contrast, Tomaino sees Ethereum as a truly neutral cryptocurrency. It doesn’t have the same concentration of ownership as Bitcoin. Plus, Ethereum’s blockchain is incredibly useful; it’s the foundation for many applications like stablecoins, DeFi, prediction markets, and NFTs. Basically, a lot of the cool stuff happening in crypto right now is built on Ethereum. Tomaino believes this will continue to drive growth, making Ethereum more scarce and valuable. He even says the idea that only one cryptocurrency can be a truly neutral store of value is wrong; there could be many, but right now, Bitcoin and Ethereum are the top contenders.
Ethereum’s Price: A Bullish Outlook
Currently, Ethereum is trading at around $2,545, and it’s been doing really well lately – up 8.68% in the last day and 64.19% in the last month. Another crypto analyst, Ted Pillows, is even more optimistic, predicting a price of $4,000 by the third quarter of 2025.