Ethereum Will Do Well Even Without An Ethereum ETF
There was a headline that stated that Ethereum would do well without an ETF.
In this video I discuss this concept from a couple of perspectives. The first is what the market might do and why it will likely do well from that angle. Then I also look at the network, diving into what that might entail.
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Yes it seems Ethereum will continue to go strong in the coming times as it somehow has maintained the 2nd position for a very long time now.
I agree. I think Ethereum L2s are currently the most popular right now, and they can survive and thrive just from that. From what we've seen with BTC ETFs though, is that it can push the price up because of large demand. So I'm thinking that it isn't really ETH that needs the ETF, it's that the big corporations and wall street that want a slice of that pie since they see the potential.
Ethereum has a lot going for it, even if they do not work out all the issues. However, there are a lot of developers which means a great many things could get solved.
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STOPor to resume write a wordSTARTSummary:
The host discusses a headline that suggests Ethereum could thrive with or without an ETH spot ETF. He agrees with this assessment, explaining that Ethereum's success is not solely dependent on the approval of an ETF.
The host argues that Ethereum will likely be "hijacked" by Wall Street, similar to Bitcoin, as institutions seek to offer Ethereum-based investment products and services to their clients. Even without an ETF, the host believes Wall Street will find ways to custody and provide access to Ethereum, driving up its price over time.
Beyond the price and market dynamics, the host also believes Ethereum will thrive due to the extensive development and innovation happening on the network. He suggests that Ethereum's smart contract capabilities, scalability improvements, and integration with emerging technologies like AI and data storage will contribute to its long-term success, regardless of ETF approval.
The host compares Ethereum's trajectory to that of Bitcoin, noting that while Bitcoin may require supplementary solutions like Lightning Network to address its limitations, Ethereum is positioned to become a more important and versatile blockchain network overall. He concludes that Ethereum's future looks promising, with or without an ETF.
Detailed Analysis:
The host begins by acknowledging the headline that sparked his discussion, which suggests Ethereum could thrive with or without an ETH spot ETF. He admits to not reading the article, but believes the headline raises a valid point that he wants to explore further.
Addressing the idea of Ethereum "thriving," the host focuses primarily on the price and market dynamics, as he believes this is what most people are concerned about. He argues that Ethereum, like Bitcoin, will eventually be "hijacked" by Wall Street, with institutions seeking to offer Ethereum-based investment products and services to their clients. This, he believes, will be enough to drive the price of Ethereum higher over time, even without an ETF.
The host explains that the infrastructure and custody solutions developed for the Bitcoin ETF can be applied to Ethereum as well, allowing Wall Street to offer Ethereum exposure to their clients, potentially even without an ETF. He suggests that if an Ethereum ETF is ultimately denied by the SEC, institutions may still find ways to provide Ethereum investment options to at least their accredited investors.
Beyond the price perspective, the host believes Ethereum will thrive due to the extensive development and innovation happening on the network. He acknowledges that Ethereum currently faces challenges, such as high transaction fees and scaling issues, but expresses confidence in the abilities of Vitalik Buterin and the Ethereum development team to address these problems in the coming years.
The host argues that Ethereum's smart contract capabilities, which are "light years ahead of everybody else," and its permissionless nature, provide significant value and utility. He suggests that as the digital world continues to evolve, with increasing demand for data, AI, and storage, Ethereum's infrastructure will become increasingly valuable and necessary.
Comparing Ethereum to Bitcoin, the host believes that Ethereum is poised to become a more important network, as Bitcoin may require supplementary solutions like the Lightning Network to address its limitations. He acknowledges that Bitcoin will continue to be supported and utilized, but sees Ethereum as the more versatile and impactful blockchain ecosystem.
Throughout the discussion, the host emphasizes that his analysis could be applied to many other blockchain ecosystems, not just Ethereum. He cautions that some blockchains may have more "story" than actual development, and that true innovation and utility are key factors in determining a blockchain's long-term success.
In conclusion, the host reiterates his belief that Ethereum will be "okay," regardless of ETF approval, due to its strong development, innovative capabilities, and the broader trends in the digital world that will likely drive increased adoption and utilization of the Ethereum network.