ARK Invest Questions ETH's Position as a Store of Value, Raises Five Major Issues

ARK Invest's Head of Digital Asset Research, Lorenzo Valente, stated that Vitalik Buterin's view of positioning ETH as a store of value could represent a significant shift in the narrative surrounding ETH's value. However, there has been insufficient market discussion on this topic, and five major questions were raised: 1. Will Ethereum abandon its deflationary path and resolve network security budget issues through increased issuance? It remains to be seen whether long-term inflation can be accepted by value storage investors. 2. A store of value asset requires a credible monetary commitment, yet ETH currently lacks a fixed supply cap. To establish its position as a store of value, clear monetary policy and minimum issuance levels need to be defined. 3. There is a contradiction between the issuance of native RWA on the Ethereum mainnet and the L1 development path. If the mainnet development stagnates, why not choose L2 for RWA? 4. The store of value attribute requires long-term social consensus. Ethereum needs to propose quantifiable metrics to demonstrate its competitiveness with Bitcoin. 5. If the long-term survival capability of the network is the primary criterion for being a store of value, quantum resistance should become a priority task, along with a clear timeline.