Summary
- Nick Tomaino evaluated Ethereum (ETH) as the world's best monetary policy store of value.
- He mentioned that ETH's supply is likely to decrease due to increased use in DeFi and other areas.
- He recommended staking ETH to earn yields and holding long-term.
Nick Tomaino, founder of the cryptocurrency venture capital firm One Confirmation, stated on the 24th (local time) via X (formerly Twitter) that "Ethereum (ETH) is the world's best monetary policy internet-native store of value," and "while Bitcoin (BTC) supply increases until 2140, Ethereum's supply decreases as its use in DeFi, stablecoins, NFTs, prediction markets, and SocialFi increases."
He added, "Stake ETH to earn yields and hold long-term."
Meanwhile, ETH is trading at $3,484.99, up 5.89% from the previous day, as of 00:35 on the 25th in the Binance Tether (USDT) market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
