Ethereum's decline is not without reason. This is a ten-year trial, and now the truth is gradually emerging: -Bitcoin is digital gold; Is Ethereum the Web3 App Store? -BTC does not issue coins to the team; The ETH Foundation is one of the largest sellers -BTC's divine retreat has become a faith; The god of ETH is still writing blogs -BTC does not upgrade because it has already been completed; ETH keeps upgrading because it's not good enough yet -BTC does not need to compete with any chain; ETH must compete fiercely with SUI, SOL, TRON, BNB -BTC does not require ecological fund subsidies; ETH relies on subsidies to support OP Stack L2、 Airdrop economy -BTC deflation; ETH is playing a narrative game that seems to be deflationary -BTC has no civil war; ETH self incubated L2 dilutes itself in reverse -BTC ETF startup capital exceeds billions; ETH ETF remains silent like water This is the core difference: Bitcoin is the 'endpoint of trust'; Ethereum is the 'gateway to innovation'. One that does not require improvement; One is always a little lacking.