ETHEREUM (ETH/USD) is looking extremely bullish against Bitcoin. The ETHEREUM to BITCOIN (ETH/BTC) chart found extreme support at a critical level of 65,000 satoshis with our first bullish confirmation yesterday.
BITCOIN (BTC/USD) dominance may be on the brink of seeing some upside; however, for the first time since ETHEREUM is an institutionally graded asset now, I believe this will be the first time, not only BITCOIN dominance increases but also ETHEREUM (ETH.D) dominance which will now be a priority for me to watch and monitor.
In the extended scheme of things, the storage of value asset is never the alpha asset. There is always infrastructure that far supersedes the storage of value. (Gold VS SPY Market Cap)
Bitcoin was never meant to be a storage of value. It was meant to be a peer-to-peer currency. With ETHEREUM'S network just as secure and decentralized (to as much of the extent of Chinese primary mining) as Bitcoin, it is the sound money of the cryptocurrency asset environment. I believe we will now see ETHEREUM in the early stages of a massive breakout that, in the long term (5yrs), will put ETHEREUM at a market cap that far exceeds that of Bitcoin.
Bitcoin was a grand experiment, but it's time for a revolution.
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