Wang Feng: The α of ETH should be regarded as a β amplifier of BTC, and funds will eventually flow back to BTC to lock in profits

ChainCatcher news, Wang Feng, the founder of Blueport Interactive, tweeted that the recent outperformance of ETH and the sideways movement of BTC are more about narrative rhythm differences, and the window period may be short, so investors may not have time to adjust their positions.

In the medium to long term, both share the same batch of macro funds, the same set of regulatory dividends, and the same market capitalization curve. ETH's α should be viewed as a β amplifier for BTC, rather than a substitute.

"The 2017 ICO and 2020 DeFi both proved: the hotter ETH gets, the higher BTC's 'safe-haven premium' becomes. BTC is the anchor, ETH is the lever, and large funds will ultimately flow back to BTC to lock in profits after triumph."