Bitwise, a crypto asset manager, hails Ethereum (
ETH
) as an unstoppable force that is revolutionizing the traditional financial system, dramatically enhancing its efficiency.
Having managed over $2 billion in assets through its BITB Bitcoin (
BTC
) exchange-traded fund (ETF) as of March, Bitwise asserts that Ethereum surpasses TradFi in wire transfers, international withdrawals, and transactions.
“Ethereum drastically reduces transaction costs. It is a tenfold improvement over outdated financial systems. Historically, technology that offers such a significant advancement is unstoppable.”


Source:
Bitwise Asset Management/X
Bitwise also draws a comparison between Ethereum’s earnings and those of major public companies, highlighting that the leading smart contract platform is already outperforming Robinhood, Etsy, and Moderna.
“Crypto applications built on Ethereum generate revenues comparable to select public companies. These applications showcase the resilience, innovation, and foresight of the global crypto industry, emphasizing that crypto is swiftly becoming an integral part of daily life.”


Source:
Bitwise Asset Management/X
In a recent memo, Bitwise CEO Matt Hougan highlights how crypto has gained significant political influence in recent years, including the establishment of a prominent political action committee in Washington, D.C.
Hougan believes that if the broader population truly comprehended the significance of the recent political changes in Washington, the crypto markets would be reaching record highs by now.
“The reason I see this as an opportunity for alpha is that, beyond the crypto sphere, few seem to pay attention. Despite my efforts to convey the importance of recent events, such as votes, Warren’s anti-crypto stance, and the progress on Ethereum ETFs, the general public remains indifferent.
The narrative is complex, and the impact seems distant. Despite the shift in tide, we are yet to see the full effect. Wake me up when the real action takes place.
However, if people truly grasped the implications of the political shift in D.C., the crypto market would be soaring to new heights.”
Stay in the Loop –
Subscribe
to receive email alerts directly to your inbox
Monitor
Price Movements
Follow us on
X
,
Facebook
and
Telegram
Discover
The Daily Hodl Mix


Disclaimer: The views expressed on The Daily Hodl do not constitute investment advice. Investors are advised to conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware that any transfers or trades you make are at your own risk, and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. Please note that The Daily Hodl engages in affiliate marketing.