Ethereum's scarcity statement is “just as strong” as Bitcoin's in practice, says 1confirmation's Nick Tomaino, predicting the price of ETH to exceed $10,000.
Ethereum is (ETH) growth and deflationary supply make $10,000 possible, says 1proof founder Nick Tomaino, citing the network's leadership in decentralized finance, stables and developer community as key drivers of long-term value.
Tomaino, who was also Coinbase's business developer and marketing director between 2013 and 2016, argued in X recent post that Ethereum's scarcity statement is “just as robust” as Bitcoin's in practice, although it is “less straightforward on the surface.”
“BTC has a simple digital gold statement that institutions have bought into: 21M in 2140. ETH's scarcity statement is less simple on the surface but just as compelling in practice.”
Nick Tomino
Tomaino noted that the “best crypto developers are still building in Ethereum just like they have for the past 7+ years,” pointing to layer-2 solutions like Coinbase's Basewhich are built on top of Ethereum. He also emphasized the role of Ethereum as a sandbox for innovations, explaining that successful use cases often start on Ethereum before being copied by other chains.
“As soon as a new use case works on Ethereum every chain gets copied. See NFTs and stablecoins as two examples. Ethereum's dominance in both of these use cases is undeniable. “
Nick Tomino
Although spot Ethereum ETFs had a slow start, there was inflow picked up at the end of 2024 and could grow even more in 2025, Tomaino says, expecting ETFs to increase stake adoption as layer-2 and layer-3 apps drive the use of ETH as currency. As of press time, Ethereum (ETH) priced at $3,329, down 32% from its all-time high of nearly $4,900 in November 2021.
