Vitalik Buterin Pushes Ethereum Store-of-Value Narrative; Crypto Market Uncertain After US Midterms

Buterin's store-of-value pitch is a notable rhetorical shift for Ethereum, whose value case has typically rested on utility and network activity rather than scarcity alone. The pushback from Bitcoin maximalists is expected, but it highlights a real positioning question as the two largest assets compete for the same narrative territory. Meanwhile, the post-midterm uncertainty adds a macro layer that affects the entire sector, not just ETH. Whether Ethereum's community coalesces around this framing, and how the political backdrop shapes sentiment in the weeks ahead, are the open questions.