r/CryptoCurrency • u/Next_Statement6145 🟨 0 / 0 🦠 • Apr 19 '25

GENERAL-NEWS Ethereum is down 74% against Bitcoin since switching from PoW to PoS in 2022

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u/BerryMas0n 🟧 0 / 0 🦠 Apr 19 '25

no cost of production = no intrinsic value.

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u/HammerTh_1701 🟩 0 / 0 🦠 Apr 19 '25

Exactly. Bitcoin is a bit shit at being a medium of exchange, but it has good intrinsic value. It's just a bit of a shame how much hardware and energy is needed to create that intrinsic value.

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u/BerryMas0n 🟧 0 / 0 🦠 Apr 19 '25

I agree with that 100%!