“Ethereum is losing its advantage over Bitcoin,” say cryptocurrency market experts in 2024. Since the Ethereum Merge, which took place almost two years ago, Bitcoin has outperformed Ethereum by 44%. This has raised questions among investors about the long-term potential of ETH and whether it’s time to switch to Bitcoin.

According to analysts, one of the reasons for Ethereum’s lag is the difference in supply dynamics. After Bitcoin’s halving in 2024, the number of new coins was halved, making Bitcoin more scarce. Meanwhile, Ethereum, despite its long-term deflationary mechanisms, increased its supply by about 1% over the past year, which some view as a negative factor.

However, institutional players like BlackRock continue to invest in Ethereum, which may signal the possibility of its recovery in the near future.