Bitwise CEO: Ethereum's real competitors are Web2 and traditional finance, not Bitcoin
2025-07-14 01:33:55
"Ethereum is not competing with Bitcoin," said Hunter Horsley, chief executive of Bitwise. "It's really competing with Web 2.0 and traditional financial services software. In the next six to 12 months, the crypto market will move out of the" CoinMarketCap era ", the idea that each crypto asset has a different market cap and everything else is the same. We will begin to realize that the opportunities between different blockchains are diverse, just as" applications on the iPhone "are similar in the underlying technology but have very different uses and business potential."
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