Billionaire Peter Thiel is investing heavily in Ethereum through his Founders Fund

Billionaire investor Peter Thiel is betting that Ethereum will become the platform of choice for Wall Street's RWA, and his investment firm Founders Fund has invested heavily in Ethereum-related assets and a number of companies that use Ethereum as an inventory reserve asset, including ETHZilla and Bitmine. Peter Thiel's investment logic for Ethereum is that if Ethereum can become an alternative channel for clearing and settling dollars, stocks and other assets outside the traditional financial system, then its native tokens will benefit significantly from increased network activity. However, Nicolai Søndergaard, a research analyst at Nansen, pointed out that the so-called "Wall Street rebuilds its financial infrastructure on Ethereum" is more like a marketing rhetoric to attract people to buy Ethereum concept stocks.