According to @MilkRoadDaily, @avichal of Electric Capital states that BTC is a store of value and ETH is where the future of global capital markets will be based, source: @MilkRoadDaily. This frames a trading thesis that separates BTC as digital store-of-value exposure and ETH as the programmable base layer for capital markets infrastructure, source: @MilkRoadDaily. Allocation decisions following this thesis would treat BTC as macro SoV exposure and ETH as growth and utility exposure tied to tokenized assets and on-chain finance, as characterized by the source, source: @MilkRoadDaily.

According to @MilkRoadDaily, BTC is positioned as a store of value and ETH as the future base layer for global capital markets in a post dated Aug 13, 2025, referencing Avichal and Electric Capital as the thesis source (Milk Road, X post, Aug 13, 2025). The source provides no quantitative data, price levels, or catalysts, indicating this is sentiment-oriented commentary rather than an actionable trading signal (Milk Road, X post, Aug 13, 2025).