Summary
- Nick Tomaino, 1Confirmation founder, stated that he 'plans to continue focusing on Ethereum (ETH).'
- He said that Ethereum is 'the only cryptocurrency with a neutral and decentralized ecosystem, along with Bitcoin (BTC).'
- Previously, he had stated that Ethereum is 'money' considering its 'scarcity, durability, and fungibility'.
Nick Tomaino, founder of cryptocurrency venture capital firm 1Confirmation, stated on the 5th (local time) via X (formerly Twitter) that he "plans to continue focusing on Ethereum (ETH)" because "Bitcoin (BTC) and Ethereum are the only ecosystems in the world that have sufficiently decentralized ownership and are neutral enough to be trustworthy."
He emphasized, "What investors wonder is whether Ethereum is similar to Bitcoin, or more similar to altcoins like XRP, ADA, Solana (SOL)," adding, "We will continue to focus on Ethereum."
Previously, he had stated that "ETH is money when considering scarcity, durability, divisibility, fungibility, portability, recognizability, and programmability."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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