BTC vs. ETH: The Battle for 'Sound Money' Heats Up!

Justin Drake believes that Ethereum will become “ultra sound” money, while Bitcoin is “cooked.”

February 10, 2025

Here's what we've got for you today:

  • ‘Bitcoin is Cooked’ - ETH Researcher Sparks Debate Over ‘Sound Money’

  • Strategy Signals Another Bitcoin Buy After a Brief Pause

  • Pump.fun Co-Founder Says Most Altcoins Serve Same Purpose as Memes

  • Coinbase CEO Calls for Blockchain in Treasury After Musk’s $100B Fraud Find

Justin Drake argues that Ethereum will become “ultra sound” money, while Bitcoin is “cooked” as it moves closer to its 21 million supply cap.

  • Drake stated that for Ethereum to become "ultra sound" again, either issuance must decrease or the burn rate must increase, and he believes both will happen.

  • He compared Bitcoin and Ethereum issuance post-Dencun upgrade, and noticed that Bitcoin added $63.4 billion worth of BTC to supply, while Ethereum added only $1.23 billion worth of ETH.

  • Drake warned that Bitcoin’s reliance on block rewards and its low network fees could pose long-term security risks and make the network vulnerable to attacks.

Michael Saylor once again hinted at another Bitcoin acquisition after a quick one-week pause in the company’s BTC accumulation. 

  • Michael Saylor hinted at another Bitcoin purchase by posting a cryptic message on X that many see as a signal for an impending acquisition.

  • Strategy currently holds about 471,107 BTC, which is valued at approximately $45.3 billion, according to SaylorTracker.

  • On Feb. 5, the company officially rebranded to "Strategy," and adopted the Bitcoin logo and a Bitcoin-inspired color scheme to align with its corporate vision.

Alon Cohen said that most tech altcoins have the same value proposition as meme coins but come with low float, high fully-diluted value, and the involvement of venture capitalists.

  • Cohen refuted claims that Pump.fun derailed the altcoin price cycle, and pointed out that the platform launched months before the sector's downturn in April of 2024.

  • He attributed the altcoin crash to retail investors being overly burned in the last cycle, which made them a lot more hesitant to reinvest in projects marketed as the "future of finance."

  • Pump.fun launched in January of 2024 in an already thriving meme coin ecosystem driven by online communities.

Elon Musk’s Department of Government Efficiency (DOGE) delivered a breakthrough for the US government by saving taxpayers a staggering $36.7 billion in just a few weeks.

  • Elon Musk’s DOGE initiative received praise from Coinbase CEO Brian Armstrong for its progress and he supported the idea of greater on-chain government transparency.

  • Blockchain technology is a great tool for improving financial oversight as it allows for real-time accountability through decentralized and publicly verifiable ledgers.

  • Experts suggest a blockchain-powered treasury system could democratize budget allocations by requiring public voting on expenditures, reducing inefficiencies and corruption in government finance.

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