GM,
$ETH will outperform bitcoin:native this cycle, imo.
Why?
[1] ETH has yield
bitcoin:native gives exposure. $ETH gives exposure + staking yield, which makes it more attractive for institutional capital.
[2] Wall Street is moving onchain
Stablecoins, tokenized Treasuries and RWAs are growing fast, while Ethereum remains one of the main settlement layers for these assets.
[3] Supply is getting tighter
~34% of ETH supply is already staked, while ETF demand, institutional accumulation and EIP-1559 continue reducing liquid supply.
[4] Ethereum keeps improving
Glamsterdam and the next upgrades are focused on higher L1 throughput, better block building and more capacity for onchain activity.
[5] ETH still has more room to re-rate
BTC already has a mature institutional narrative, while ETH is only starting to get priced as a yield-bearing asset and financial settlement layer.
That’s why I still think $ETH has better upside vs bitcoin:native from here, and I’m still holding my ETH bag.
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