Tradeoff Table
Compare the practical differences.
| Question | First side | Second side |
|---|---|---|
| Primary role | Store-of-value benchmark and liquidity anchor | Smart-contract platform and settlement layer |
| Main signal | Dominance, ETF demand, miner selling, long-term holder behavior | Gas demand, stablecoin activity, app usage, L2 settlement |
| Typical risk | Macro sensitivity and concentration around one monetary thesis | Execution complexity, upgrade risk, app-layer reflexivity |
| Best next check | Can the network fees and custody setup work for your plan? | Is activity growing beyond speculation? |