As you are probably aware eth 2.0 will use eWASM as it's virtual machine? They are apparently working on auto compilers from solidity to rust as well. Elrond is already there, more interoperability is a good thing, not a bad one https://elrond.com/blog/elrond-virtual-machine-arwen-wasm-vm
I’m afraid, ETH 2.0 will be fast and cheap And users will prefer ETH 2.0 to Elrond
Well that's yet to be seen, but there's plenty of space for many projects to flourish
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