Chris Burniske: Ethereum will experience a revival, with 2025-2030 potentially being a key period.
Chris Burniske, former head of crypto at Ark Invest and now a partner at Placeholder VC, is optimistic about Ethereum's development, predicting it will play a key role between 2025 and 2030. Although Solana currently leads in user experience and market share, Ethereum's foundation and long-term potential should not be overlooked.
Review: From the 'darkest moment' of $SOL to its glorious moment
In December 2022, following the aftermath of FTX's collapse, $SOL briefly fell to $8. At that time, Burniske boldly expressed bullish sentiment on Solana on the X platform and announced continued investments. Over the next two years, $SOL performed brilliantly, recently surpassing $240 and setting a new high.
Today, the market rotation has come to Ethereum. As Ethereum faces narrative bottlenecks and market indifference, Burniske publicly expressed support again on November 17, 2024, believing Ethereum is at the starting point of a revival.
Burniske's view: The long-term potential of Ethereum
1. Ethereum's position remains solid
Although Solana has captured part of the user market due to its speed and low fees, Ethereum's core position as a network financial system (IFS) remains unshakeable. Burniske believes that starting in 2025, IFS will attract more users, and Ethereum's brand, liquidity, and mature ecosystem lay a solid foundation in this field.
2. Competition prompts self-reflection and revival
Burniske points out that the current state of Ethereum is similar to Bitcoin during the low period of the previous bull market—once mocked as an 'outdated baby boomer token'—but competition and skepticism spurred Bitcoin's resurgence. He believes Ethereum will also reignite innovation and vitality due to similar external competition.
3. The future of Layer 2 and enterprise demand
Despite facing liquidity fragmentation issues, Layer 2 is suitable for traditional financial enterprises, offering greater control and direct profitability. Ethereum, as the main chain, remains the preferred platform for many companies to build Layer 2, providing more possibilities for its future.
Solana, Ethereum, and the distant future
Burniske emphasizes that the competition in mainstream blockchain is a long-term battle, and any party that becomes complacent too early may lose its advantage. From now until 2030, the status of Bitcoin, Ethereum, and Solana will continue to evolve, and it remains uncertain who will ultimately become the leader.
In this process, competition is not only a battle for market share but also a reshuffle and evolution of technology and ecology.
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