Bitcoin and Ethereum are rarely compared beyond when discussing market structures and price trends, with their underlying fundamental values being wildly different.
While Bitcoin is seen as a store of value and a “digital gold,” Ethereum is widely thought to be more of an ecosystem backbone. The vast majority of the actively used crypto space is run through the Ethereum blockchain.
The gap between the two cryptocurrencies in terms of underlying similarities may begin shrinking in the near-term, however, as one early Ethereum investor, who is a purported “whale,” is noting that two changes to the ETH network could soon make it a “better digital gold than BTC.”
These comments came about during a discussion regarding the lack of institutional involvement in ETH, which he believes will soon change.
He is specifically pointing to Ethereum Improvement Proposal 1559 and the Proof-of-Stake consensus system incorporated under ETH 2.0 as reasons why the token will soon inherent gold-like properties.