EIP 1559 altered the economic model of Ethereum, making it resemble tech stocks while Bitcoin maintains its status as a ‘store of value.’ Kazemian emphasizes that this shift has led to a decline in ETH’s price performance.
Ethereum continues to underperform as the ETH/BTC pair hits a low of 0.18666, meaning 1 BTC is now worth 53.5 ETH. Institutional investment favors Bitcoin over Ethereum, further jeopardizing ETH’s market position.
Leave a Reply