In 2025, governments and companies have promoted Bitcoin as a strategic reserve.
Melker’s words arrive in the midst of an apparent resurgence of Ether.
Scott Melker, recognized ecosystem analyst and podcast driver The Wolf of All StreetsHe said the debate between Bitcoin (BTC) and cryptocurrencies called Altcoins is resolved. “Bitcoin has already won the battle for being hard money,” he said in a publication.
According to the commentator, The global market already understood the role of Bitcoin as a reserve of value. Therefore, he argues that maximalists should not continue worrying about Ethher (ETH) or the rest of the Altcoins (term with which they are called all cryptoactives without counting BTC).
«The world understands that [bitcoin] It is superior and completely different, ”he said. In his opinion, the rest of the projects may have space in other niches, something that will not hesitate to happen, but will not compete with BTC as a monetary reference. “They are different classes of assets”, concluded.
With this, Melker suggests that Altcoins could gain adoption for reasons other than those that drive Bitcoin. While BTC stands out as a value reserve thanks to its limited supply – there will only be 21 million units – and censorship resistance, Other cryptocurrencies could have a place in sectors such as applicationsthe creation of tokens or experimentation with decentralized governance models.
The truth is that, in 2025, the adoption of Bitcoin by corporations and governments has strengthened its position as an assets of treasury and strategic reserve. Companies like Strategy have led this trend, accumulating to date approximately 628,791 BTC, according to data Bitcoin Treasuries, while Metaplenet, the firm with the largest amount of BTC in Asia, has 17,132 units.
In addition, initiatives such as the authorization of a BTC reserve authorized by Donald Trump have raised the institutional profile of the creation of Satoshi Nakamoto. Far from being there, the debate is widely taken into consideration that states like New Hampshire and Arizona approved projects related to Bitcoin treasury.
It is worth noting that the analyst’s statements coincide with an apparent eth resurgence. As Cryptoics reported, between July 17 and 25, Ether’s -listed funds (ETF) captured more capital than Bitcoin in the United Statesaccumulating net income for almost USD 2,850 million, compared to the approximately USD 960 million registered by BTC ETFs.
Although Ether has not yet managed to exceed the 4,000 dollar brand so far from 2025, its recent behavior suggests a renewed optimism among investors. In the last three months, its value has shot 135%, approaching the historical maximum of $ 4,900 reached in November 2021.
This scenario generates in many the doubt about whether we are facing the beginning of a new Altseason. Although there is no unique definition, it is accepted that for there is Altcoins season, at least 75% of the 50 main cryptocurrencies must exceed Bitcoin’s performance during the last 90 days. Currently, according to BlockchainCEnteronly 41% meet this criterion, so technically that stage has not yet been achieved.
However, The institutional interest in Ether and their outstanding recovery have aroused expectations. ETH is quoted at levels not seen since the beginning of the year and is seen by some investors such as the engine that could boost a broader upward cycle in the ecosystem. However, specialists such as Dominic Lombardo warn that this rebound does not ensure an Altseason.
The latter is especially relevant if it is considered that, in March, The Ethereum community was disappointed by the economic impact that the price had suffered. In December 2024, the cryptocurrency had overcome the USD 4,000, but at the beginning of April it fell below the USD 1,500, largely due to the tariff war driven by Donald Trump.
