Bitcoin on Ethereum is Booming: Closing in on $1 Billion in Value

[highnayem34]

Bitcoin holders continue to move the value of their digital gold onto the Ethereum blockchain, defying recent price drops in both currencies: https://decrypt.co/41593/bitcoin-ethereum-booming-closing-billion-value

[Nostoman]

Holders of any coin must make various comments to increase its value. But they do not want to accept it. No one wants to let the value of any coin go down. Any holders who believe that the value of Bitcoin will decrease will certainly deny it. The reason is that they want to benefit. So I think things are normal.

[Noverteno]

Bitcoin holders continue to move the value of their digital gold onto the Ethereum blockchain, defying recent price drops in both currencies: https://decrypt.co/41593/bitcoin-ethereum-booming-closing-billion-value

In my opinion, this is a clear indication that bitcoin holders, relying on the growth of the price of bitcoin in the future, also do not want to miss out on the benefits of the increased popularity of the ethereum network as a result of the improvements in Ethereum 2.0 and therefore the transfer of bitcoins to the ethereum platform is a very smart decision.
However, this is also one of the reasons for network congestion and rising transaction costs.