Ethereum, the world's second-largest blockchain network, is expected to be the focus of the next cryptocurrency exchange-traded fund, but there could be trouble selling.
Ethereum has been called the "Internet of Money," the "computer of the world" and "Digital Oil" in the past, but some fear that #EarnFreeCrypto2024 has no "elevator pitch" and a very technical roadmap will make it difficult for Wall Street to recognize and reduce demand for spot ether #etf (ETH).
Marcus Thielen, head of research at 10x Research, told Cointelegraph that it's best for investors to avoid jargon. According to Thielen and many commentators, this is how Ethereum is presented.
According to Thielen, it's much easier for Wall Street investors to understand Ethereum as "the network that protects the future of finance.
Almost all of the world's largest decentralized financial protocols, tokenized real assets and stable coins are already running on Ethereum.
However, Thielen notes that Ethereum is losing a lot of users and recent updates to the network have been very slow, which could affect this momentum.
The fact that Ethereum generates negligible returns compared to its market capitalization means that despite interest rate yields that are inferior to Treasury yields, there is still viable cash flow.
According to Henrik Andersson, chief investment officer at investment management firm Apollo Crypto, Ethereum could instead be presented as a platform to "decentralize all kinds of services" and enable everything from finance and social media to artificial intelligence.
In addition to decentralized financial applications, the Ethereum ecosystem includes decentralized autonomous organizations, social networks and identity solutions. \n Andersson believes there's an even simpler argument for Ether being a cryptocurrency with more growth potential compared to #bitcoin .
"Others probably view Ethereum simply as a smaller, faster-growing crypto asset," he says.
A graph of ETH/BTC over the past 12 months. Source: CoinGecko.
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