当前位置:首页 > 汇率 > Bitwise CEO: Those who hate Ethereum will eventually discover that the Joker is themselves

Bitwise CEO: Those who hate Ethereum will eventually discover that the Joker is themselves

2025-05-27 11:55:00 [金店] 来源:山木自寇网
According to The Block, Bitwise Chief Investment Officer Matt Hougan stated in a memo sent to clients on Tuesday that "no one likes Ethereum" in the current market because the ETH/BTC exchange rate has recently fallen below a three-year low. However, Matt Hougan believes that this actually provides a potential contrarian investment opportunity for the end of the year.

No one likes Ethereum

Despite the poor performance of the overall cryptocurrency market in the past six months, Bitcoin still rose 42% in 2024, Solana rose 27%, and Ethereum only rose 1% in comparison. Matt Hougan stated that the sentiment of the Ethereum community is very low, and the main issues causing this situation include the risk of the US election, intensified competition from Solana, token economy challenges, and poor performance of spot ETFs.

Although the United States approved an Ethereum spot ETF in July, Matt Hougan pointed out that the US Securities and Exchange Commission (SEC) still considers staking Ethereum as a security. If He Jinli wins the November election and continues the Biden administration's skepticism towards cryptocurrencies, Matt Hougan believes that Ethereum may continue to face regulatory challenges.

In addition, the performance of Ethereum spot ETFs, including Bitwise's ETHW fund, has also fallen short of expectations. The newly launched fund attracted a net inflow of $2.1 billion, but the Grayscale ETF (ETHE) experienced a net outflow of $2.8 billion, indicating that overall funds are still flowing out.

Matt Hougan also pointed out that the rise of emerging public chains such as Solana has made competition even more intense:

Nowadays, the bullish sentiment towards new chains such as Solana is very popular in the cryptocurrency circle, while the bearish sentiment towards Ethereum is gradually increasing due to the older technology and higher cost

Finally, Matt Hougan emphasized that Ethereum is focused on driving the growth of transaction volume on the Layer 2 network, which has led to the lowest revenue for the underlying chain in four years. Many people have also begun to question whether Ethereum has harmed the development of its underlying Layer 1 by excessively promoting the expansion of Layer 2.

Investment opportunities against the trend

Although these challenges have affected market sentiment and prices, Matt Hougan believes they have overlooked a very important point.

It's cool to hate Ethereum now. I bet it will eventually look foolish

Although both Ethereum and Solana are attempting to become "public computers" for decentralized applications, almost all of the applications that have truly achieved "breakthrough success" are dominated by Ethereum, have the most active developers and users, over half of stablecoins are issued on Ethereum, over 60% of DeFi assets are locked onto Ethereum, and Ethereum is still the preferred settlement layer for prediction platform Polymarket. In addition, BlackRock's on chain US bond funds with asset management scale exceeding $500 million and Nike's NFT platform are also based on Ethereum, and these achievements are difficult to ignore.

Matt Hougan said:

Ethereum is like Microsoft in the memory blockchain industry. Everyone is talking about Google, Slack, and Zoom, which makes sense because they bring transformative technologies. But Microsoft's scale still exceeds their total

Although he is not bearish on Solana or other emerging chains, Matt Hougan believes that too many people have overlooked the tremendous success that Ethereum has already achieved.

The challenges of Ethereum are not fatal, but its opportunities are full of potential. I believe that as we approach the November election and the clarity of relevant regulatory policies, the market may re evaluate Ethereum. From the current perspective, Ethereum looks like a potential contrarian investment opportunity before the end of the year, "he concluded.

(责任编辑:创业研究)

推荐文章
  • 家政保洁公司的账务怎么处理

    家政保洁公司的账务怎么处理   2、站在一定高度上,要有格局  “你做的可是产品运营,运营的是啥?是整个APP呢,你要站在CEO的高度想问题。...[详细]
  • 增值税抵扣是否需要一一对应

    增值税抵扣是否需要一一对应   当时比较知名的是绿狗租车和EVcard两家公司,它们的商业模式与友友用车差距很大:汽车租用频率一般一天仅为一次;用户租车流程较为复杂,拍身份证、交押金、办卡等,手续和传统租车公司很类似,耗时长,体...[详细]
  • 火币支付宝充值

    火币支付宝充值 什么时候淘货市场里的个体户们,能全部转变成轰轰烈烈的创业者,什么时候这场创业大潮才能变成现实。...[详细]
  • 支付的其他与经营活动有关的现金包括哪些

    支付的其他与经营活动有关的现金包括哪些   时代变化的不确定性让自由职业者选择的这条路是一条充满希望但又看不到远方终点的荆棘之路。...[详细]
  • 汽车销售公司账务如何核算

    汽车销售公司账务如何核算   医院如何进行软实力  一、建立用户沟通渠道和预约渠道  建立健全医院和患者之间的渠道,当患者询问疾病症状和治疗措施的时候,就需要提供给针对不同病状治疗方案的分析和治疗方法,保证专业性。...[详细]
  • 以太坊市值突破3000亿美元超越阿里巴巴

    以太坊市值突破3000亿美元超越阿里巴巴 六年来,小米科技估值增长了近184倍,四年来,美团点评交易额增高上百倍。...[详细]
  • 比特币中国火币网

    比特币中国火币网 另外,学到知识后与自己的经验相结合进行反思。...[详细]
  • 一文玩转 Movement DeFi 生态 (二)|进阶版

    一文玩转 Movement DeFi 生态 (二)|进阶版   二、产品简介  产品名称:王者荣耀  产品类型:MOBA类大型多人联机在线竞技手游  支持平台:IOS/安卓  产品logo:     产品slogan:5V5英雄公平对战手游  收费模...[详细]
  • 火币美元

    火币美元   企业级服务产品如何推广运营  最好的方式就是合作,在运营方面,你自己的整个体系建立起来以后,客户上来以后,你就需要在生态圈里不停地寻找跟你互补的团队,特别是创业型的团队。...[详细]
  • 比特币价格美元

    比特币价格美元 该公司近年来多次传出上市消息,但从未有明确时间。...[详细]