Bitwise CEO: Ethereum's real competitors are Web2 and traditional finance, not Bitcoin
2025-07-14 01:33:55
Bitwise CEO Hunter Horsley said that Ethereum is not competing with Bitcoin, its real competitors are Web 2.0 and traditional financial services software. In the next six to 12 months, the crypto market will move out of the era of CoinMarketCap, 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 the applications on the iPhone, although the underlying technology is similar, have very different uses and business potential.
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