crypto Ethereum trading investing Ethereum is the 'most valuable asset in the world,' and now it's just a waiting game – Ether Capital CEO
With the crypto space zeroing in on the Ethereum Merge, which is just three weeks away, many are looking at the long-term investment picture, and for some, Ethereum is emerging as the top asset.
Whether it serves as a settlement layer for more crypto-native activities like the metaverse, NFTs or DeFi, or it is being used to settle stablecoins. Or even applied to tokenize dollars or yen, or euros and used as a settlement layer between data centers, getting rid of the SWIFT network altogether, Mosoff stated."That's an order of magnitude improvement on what a blockchain could be," he noted.
Mosoff pointed out that Ether Capital has invested the majority of its balance sheet in Ether as a core strategic asset and yield-generated instrument."We call it a once-in-a-generation-like asset. We completely bought into that and continue to believe that it will outperform a lot of these other verticals. We haven't scratched the surface yet," he stated.
"This is going to turn an unproductive commodity into a yield-generating instrument," Mosoff pointed out."Bitcoin is not productive. It just sits there. You can hold it. You can use it as a tool to accomplish something, have more self-sovereignty, and be able to move your assets between jurisdictions. But you can't generate a yield without putting it in trust with a third party or trading it. And Ethereum will become the bond with the protocol.
For Mosoff, the exact date of the Merge is less important."It needs to happen when the developers are comfortable with it. You cannot have a glitch. This isn't a phasing in the Merge across a three-month period. This is in a single-block switch. The stakes are very high." "So when people say Ethereum could be a $2 trillion asset, which would be 10x from where it is today. To me, that feels like not understanding the exponential part of the curve and what Ethereum's growth can look like. Ethereum is trying to be this trust Layer of the internet, and so much activity is going to plug into it for security and confirmation to other participants. That is trillions of dollars. It's hard for us to imagine just how valuable it can be.
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