"Vitalik Stands Firm: Ethereum Over Bitcoin; PlutoChain Speeds Up BTC"

Ethereum co-founder Vitalik Buterin has recently expressed his commitment to Ethereum by dismissing the idea of allocating a significant portion of his portfolio to Bitcoin. This stance has sparked a debate within the crypto community about the importance of diversification versus loyalty to blockchain ecosystems.

Meanwhile, Bitcoin continues to face challenges with slow transactions and high fees. In response, Layer-2 solutions like PlutoChain ($PLUTO) have emerged to address these issues by offering faster transactions, lower costs, and Ethereum compatibility.

Ethereum (ETH) is currently trading at around $2,615.75, down 14.6% in the last 24 hours. The Relative Strength Index (RSI) is at 26, indicating that ETH is in oversold territory. This has led to speculation about the potential for ETH to reach $10,000 in the future.

Buterin's response to a suggestion from crypto analyst Udi Wertheimer, who proposed allocating at least 10% of one's portfolio to Bitcoin, has fueled the debate about industry leaders' role in diversifying or staying loyal to their blockchain ecosystems. Buterin made it clear that his Bitcoin holdings are well below this threshold and that he keeps less than 10% of his portfolio in any asset outside of Ethereum.

Buterin also addressed concerns about Ethereum's scalability and pushed back against calls to abandon Layer 2 networks in favor of raising Ethereum's Layer 1 gas limit. He believes this would weaken the network's social structure and instead encourages Layer 2 networks to burn fees or contribute to Ethereum's ecosystem.

PlutoChain ($PLUTO) is a Layer-2 upgrade designed to make Bitcoin faster, cheaper, and more versatile. With its Layer-2 solution, PlutoChain offers block times of just two seconds instead of Bitcoin's usual 10-minute block times, which could revolutionize Bitcoin's use case and make it a practical option for small purchases, global transfers, and instant payments.

Lower transaction fees also remove a major barrier and encourage both individuals and businesses to actually use Bitcoin rather than just hold it as an asset. Beyond speed and affordability, PlutoChain could enhance Bitcoin's functionality by enabling cross-chain compatibility with Ethereum-based applications like DeFi platforms, NFT marketplaces, and AI projects.

Scalability is another key