Ethereum's scarcity narrative is "equally strong" for Bitcoin in practice, says Nick Tomino of 1confirmation, predicting that Ethereum's price will surpass $10,000.

Ethereum (ETH) Growth and contractionary supply make $10,000 possible, says 1confirmation founder Nick Tomino, pointing to the network's dominance in... Decentralized finance, stablecoins and developer community as key drivers of long-term value.

Tomaino, who was also a business developer and head of marketing at Coinbase between 2013 and 2016, said in X recent post The narrative of Ethereum's scarcity is "equally strong" for Bitcoin, although "it's not that simple on the surface."

“BTC has a simple narrative of digital gold bought by institutions: 21 million in 2140. ETH’s scarcity narrative is not simple on the surface but is equally powerful in practice.”

Nick Tomino

“The best cryptocurrency developers are still building in Ethereum just as they have been for the last seven years,” Tomino noted, pointing to second-tier solutions like Coinbase. a basewhich is built on top of Ethereum. He also emphasized Ethereum's role as a sandbox for innovations, explaining that successful use cases often start on Ethereum before being copied by other chains.

“Once a new use case works on Ethereum, every chain copies it. See NFTs and stablecoins as two examples. However, Ethereum’s dominance in these two use cases is undeniable.

Nick Tomino

Although Ethereum ETFs have had a slow start, there have been inflows I snapped in late 2024 and could grow further in 2025, Tomaino says, anticipating that ETFs will drive staking adoption while Layer 2 and Layer 3 applications will lead to Ethereum being used as money. As of press time, Ethereum (Ethereum) at $3,329, down 32% from its all-time high of around $4,900 in November 2021.