Unlike BTC, ETH’s store of value is built on application growth, on-chain asset scale, and a certain level of fee income— not merely by claiming it can be achieved. Even Satoshi himself could not have achieved it, just as BTC today has completely diverged from his original vision. In other words, store of value emerges naturally. For Ethereum, achieving this requires more than just the inherent benefits of PoS—it also demands significant foundational work. This includes integrating L1 and L2, and collecting a fair share of fees from L2s and block builders—even if only 10%.
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