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Ethereum's 65% drop vs Bitcoin blamed on Foundation's strategic missteps, not market trends.

Protocol Fundamentals
31 May 2026
Tokenpost
View Source
Bearish
Ethereum's 65% drop vs Bitcoin blamed on Foundation's strategic missteps, not market trends.

A prominent Ethereum developer attributes Ether's 65% decline against Bitcoin since the 2022 Merge to strategic errors by the Ethereum Foundation, including slow product execution and missed opportunities. Criticisms include Ethereum's focus on environmental benefits over staking yields and scalability, a lengthy development cycle, lack of a first-party staking solution, and a rollup-centric scaling approach that reduced fee revenue. Meanwhile, competitors like Solana have grown rapidly by emphasizing speed and ecosystem expansion. The future of ETH's performance against BTC depends on how the Foundation addresses these issues.

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