Ethereum co-founder Joseph Lubin believes ETH could eventually outperform Bitcoin and gold as a store of value and an inflation hedge. He points to the utility provided by decentralized finance, stablecoins and smart contracts, as well as the potential increase in demand for Ethereum’s infrastructure as artificial intelligence adoption accelerates. However, ETH has struggled, falling nearly 30% during the fourth quarter compared with 17% for Bitcoin, while the ETH/XAU ratio has declined by more than 19%. Rising staking participation and stronger network security have not yet translated into stronger capital inflows or relative price performance.
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