The latest academic research shows that ETH is a superior store of value cryptocurrency to Bitcoin because of its EIP-1559 properties that make it a deflationary cryptocurrency.

University researchers in Australia have examined Bitcoin’s reputation as the best store of value, but claim that ether is well on its way to becoming the world’s first deflationary currency. According to the latest academic study by four Australian researchers, the Ethereum 1559 upgrade proposal makes the eTH a better store of value. The study authors Sean Foley from Macquarie University, Ester Feliz-Finaz from the University of Technology Sydney, Jiri Svec from the University of Sydney and Jonathan Karlsen from the University of Western Australia agree.

The EIP-1550 upgrade resulted in the network burning a tremendous amount of transaction fees and over 1 million ETH being burned by 118,583,580 circulating offerings.

The report also says that transaction fees represent more than 50% of the 12,000 ETH mined per day that is burned thanks to the EIP factor. The researchers suspect that the demand for ETH is increasing due to its strong defi application ecosystem, meaning that significantly more ETH is burned. The researchers wrote that ether is currently less inflationary than BTC:

“If you calculate the annual Ethereum generation rate since EIP-1559, the expected increase in total Ethereum supply is only 0.98%, less than half the 1.99% increase in Bitcoin supply, almost certainly the same Period.”

The researchers concluded that ether offers better inflationary properties than Bitcoin, which is why it can offer superior long-term store of value compared to BTC. Interest in Bitcoin’s 21 million hard-cap coins and its suitability as an inflation protection against rampant money printing is growing, as inflation and pandemic rise to 6.2%. The study also suggests that investors may also want to consider ether for a purpose such as what is known as the Supercoin ETH.

Bitcoin proponents like MicroStrategy boss Michael Saylor prefer Bitcoin because they see it as a safer and more reliable version of the hash rate as the offering is unchanged. Ether has gone through a development process and seen a number of release changes. Saylor said he believes Bitcoin is the best premium asset option that mankind has ever invented.