以太坊（ETH）的价值未来将超越比特币（BTC）：1个确认

该公司预计，未来五年，ETH 的市值将超过 BTC。

A crypto investment fund founded by former Coinbase executive Nick Tomaino has made a bold prediction in its latest letter to investors. The company estimates that ETH will outperform BTC in terms of market capitalization in the next five years.

由 Coinbase 前高管 Nick Tomaino 创立的一家加密投资基金在最新致投资者的信中做出了大胆的预测。该公司预计，未来五年，ETH 的市值将超过 BTC。

At the moment, Bitcoin has a market capitalization of about $1.26 trillion, while Ethereum has a valuation of $332.8 billion. However, the founder of 1confirmation is still optimistic that ETH will see its value surpass that of BTC in the future.

目前，比特币的市值约为1.26万亿美元，而以太坊的估值为3328亿美元。不过，1confirmation创始人仍然乐观地认为，未来ETH的价值将超过BTC。

According to the firm, this projection is based on the different use cases and stories associated with the two cryptocurrencies. Bitcoin has always been viewed as ‘digital gold,’ which is backed up by institutional investors. However, Ethereum provides more use cases as the base for dApps and smart contracts, making it the “digital oil” for the decentralized web.

据该公司称，这一预测是基于与两种加密货币相关的不同用例和故事。比特币一直被视为“数字黄金”，并得到机构投资者的支持。然而，以太坊提供了更多用例作为 dApp 和智能合约的基础，使其成为去中心化网络的“数字石油”。

1confirmation’s Q2 2024 LP letter identifies the institutional investment in Ethereum as the primary factor that will propel its price higher in the future. While Bitcoin is mostly considered a store of value, Ethereum’s many use cases provide more avenues for institutional investments. According to the letter, Wall Street can take larger exposure due to ETH having a lower market cap, which may result in more forceful pushing of the Ethereum story.

1confirmation 在 2024 年第二季度的有限合伙人信中指出，机构对以太坊的投资是未来推动其价格走高的主要因素。虽然比特币主要被认为是一种价值储存手段，但以太坊的许多用例为机构投资提供了更多途径。根据这封信，由于 ETH 的市值较低，华尔街可能会承担更大的风险，这可能会导致以太坊故事得到更有力的推动。

This sentiment is supported by the increasing assets under management (AUM) in spot Ethereum ETFs. While Ethereum’s AUM is still less than that of Bitcoin, it is expected to increase due to institutional demand. Vance Spencer of Framework Ventures has estimated that Ether ETFs could take half of the inflows that Bitcoin ETFs will receive in the future.

这种情绪得到了以太坊 ETF 现货管理资产 (AUM) 不断增加的支持。虽然以太坊的 AUM 仍低于比特币，但由于机构需求，预计会增加。 Framework Ventures 的万斯·斯宾塞 (Vance Spencer) 估计，以太坊 ETF 未来可能占据比特币 ETF 资金流入的一半。

In the short term, Ethereum has remained stable even in the face of market volatility. As of this writing, ETH has declined by 1%, and its price is $2,738. This has been attributed to increased market confidence buoyed by prospects of Federal Reserve rate cuts.

短期来看，即使面对市场波动，以太坊也保持稳定。截至撰写本文时，ETH 已下跌 1%，价格为 2,738 美元。这归因于美联储降息前景提振了市场信心。

Largeholder transactions also affect the price of Ethereum. Recently, the Ethereum Foundation moved 35,000 ETH, which is equivalent to $94.07 million, to the Kraken exchange for operational expenses. Normally, such mass selling could create bearish pressure. However, ETH has held steadfast above the $2700 mark, which shows support.

大股东交易也会影响以太坊的价格。最近，以太坊基金会将 35,000 ETH（相当于 9407 万美元）转移到 Kraken 交易所，用于运营费用。通常情况下，这种大规模抛售可能会造成看跌压力。然而，ETH 一直坚守在 2700 美元关口上方，显示出支撑。

According to Farside UK, there was $44. 5 million worth of outflows from U.S. spot Ethereum ETFs this week. However, the price of Ethereum rose from a recent low of $2,112 to $2,760, a 30% increase in the past three weeks.

据 Farside UK 称，价值 44 美元。本周美国现货以太坊 ETF 资金流出 500 万美元。然而，以太坊的价格从近期低点 2,112 美元上涨至 2,760 美元，过去三周上涨了 30%。

1confirmation’s letter also provides ample evidence of the potential that goes beyond the rise in the price of Ethereum. The firm also forecasted that new areas, including prediction markets, decentralized finance, and non-fungible tokens, will experience rapid expansion. The development of new applications on Ethereum Layer 2 (L2) and Layer 3 (L3) solutions is expected to drive further innovation and attract more users to the platform.

1confirmation 的信函还提供了充分的证据，证明了以太坊价格上涨之外的潜力。该公司还预测，包括预测市场、去中心化金融和不可替代代币在内的新领域将经历快速扩张。以太坊第 2 层 (L2) 和第 3 层 (L3) 解决方案上新应用程序的开发预计将推动进一步创新并吸引更多用户使用该平台。