Ethereum researcher argues Ether will become "ultra sound" money as Bitcoin approaches supply cap

Ethereum Foundation researcher Justin Drake believes that Ether will become "ultra sound" money soon as its issuance decreases, while Bitcoin is "cooked" as it approaches its 21 million supply cap. Drake compared the issuance of Ethereum with that of Bitcoin, finding that Bitcoin added 655,000 BTC to supply since the Dencun upgrade, compared to 462,000 Ether added to the Ethereum network during the same period. Drake also warned that the Bitcoin blockchain's 21 million supply cap could lead to long-term security risks. However, analyst James Check argued that critics of Bitcoin's sustainability fail to account for considerations such as energy advancements, mining efficiency, and economic incentives.