Despite the valuations, major protocols remain deficient in delivering value to users. Bitcoin with it's high fees and slow transaction times is hardly suitable for payments – spending the same fee whether you buy a coffee or send $100,000 is a joke and the promise of scaling solutions such as the Lightning Network hasn’t been fulfilled.
The door is wide open for blockchains that use smart contracts, like ethereum, and I believe their potential market dwarfs that of "store of value" chains. Platforms like ethereum are an operating system for decentralized finance and commerce.
Think of bitcoin as DOS and ethereum as Windows or Mac OS. There is nothing wrong with DOS. It came first and was an essential part of the computer's success.
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