Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the hreflang-tags-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121
[www-stage.newsbtc.com/ethereum-news/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback/]
[wp-includes/functions.php:6121 trigger_error(), wp-includes/functions.php:6061 wp_trigger_error(), wp-includes/l10n.php:1371 _doing_it_wrong(), wp-includes/l10n.php:1409 _load_textdomain_just_in_time(), wp-includes/l10n.php:195 get_translations_for_domain(), wp-includes/l10n.php:307 translate(), wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php:24 __(), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php:45 include_once('wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php'), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php:40 require_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php'), wp-settings.php:545 include_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php'), wp-config.php:53 require_once('wp-settings.php'), wp-load.php:50 require_once('wp-config.php'), wp-blog-header.php:13 require_once('wp-load.php'), index.php:17 require('wp-blog-header.php')]

Bitwise CIO Calls Ethereum The 'Microsoft Of Blockchains', Can ETH Make A Comeback?
NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitwise CIO Calls Ethereum The ‘Microsoft Of Blockchains’, Can ETH Make A Comeback?

Ash Tiwari
Ash Tiwari
9 months ago
3 mins read
ethereum

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitwise Chief Investment Officer Matt Hougan dubbed Ethereum (ETH) the ‘Microsoft of blockchains’, adding that none of the smart contract platform’s challenges are existential.

Ethereum Has Challenges, But None Of Them Are Existential

In a recent memo titled ‘A Contrarian Bet on Ethereum’, Hougan highlighted the tumbling ETH/BTC trading pair, indicating the weakening Ethereum price versus Bitcoin (BTC). At press time, the trading pair is exchanging hands at 0.038, its lowest level in three years.

Related Reading

ethereum

Ethereum-Bitcoin Ratio Breaks 0.04 Barrier: Could Altcoins Be At Risk?

9 months ago

Compared to some of the other leading digital currencies, ETH hasn’t had an eventful 2024. On a year-to-date basis, Bitcoin is up 38%, while the rival smart contract platform Solana (SOL) is up 31%. Binance’s BNB token has surged by 72% in the same period. However, ETH has remained flat, currently trading at $2,306. 

Ethereum’s underperformance in terms of token price, according to Hougan, has made it ‘cool to hate Ethereum right now.’ Hougan noted several factors that might risk the Ethereum ecosystem, including the prospect of Democratic US presidential candidate Kamala Harris winning the election and continuing Biden administration’s suspicious attitude toward everything crypto.

In addition, the Bitwise CIO acknowledged the threats posed by competing blockchain projects, such as Solana, that offer higher throughput and lower transaction costs. He also admitted that ETH exchange-traded-funds (ETFs) haven’t had as much success as Bitcoin ETFs.

Although Hougan acknowledged the success of several Layer-2 solutions such as Base, Arbitrum, and Optimism, he stressed that their success has pulled so much transaction volume from Ethereum that its revenues have crashed to a four-year low. According to Hougan, these reasons are valid but ‘they miss the broader point.’

Hougan stressed that blockchain applications witnessing success in user adoption are all dominated by Ethereum, such as stablecoins and decentralized finance (DeFi). Over 50% of stablecoins are still issued on the ETH blockchain. Similarly, over 60% of DeFi assets are locked in various ETH-powered protocols. 

Hougan Remains Bullish On ETH

In the memo, Hougan mentioned that institutional confidence in Ethereum remains high, as seen in asset manager BlackRock’s decision to develop a tokenized money market on Ethereum this year. Similarly, Nike chose Ethereum to launch its Web 3 gear platform called Swoosh.

Related Reading

Bitcoin Ethereum

Time To Convert Bitcoin To Ethereum? ETH/BTC Charts Gears Up For 180% Surge

9 months ago

He noted:

Ethereum has the most active developers, the most active users, and a market cap that is 5x bigger than its closest competitor. It’s the only programmable blockchain that has a modicum of regulatory support in the U.S., with a booming regulated futures market and a multi-billion-dollar ETF market.

To bolster his argument, Hougan compared Ethereum to software juggernaut Microsoft, saying that even though other tech companies like Google, Zoom, and Slack have offered useful services, Microsoft continues to be larger than all of them put together.

Concluding, Hougan said that Ethereum’s opportunities are enormous. As the world inches closer to the November US presidential elections, the market participants may reevaluate the second largest cryptocurrency by market cap. At press time, ETH trades at $2,306, commanding a total market cap of $277 billion.

ethereum
ETH is back to its January 2024 price level | Source: ETHUSDT on TradingView.com
Featured image from Unsplash, Chart from Tradingview.com
Tweet123Share196ShareSend
Ash Tiwari
Ash Tiwari

Ash Tiwari

Ash is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies. With a background in writing and a natural curiosity for how digital assets are shaping the future, he has immersed himself in various sectors of the cryptocurrency space, including decentralized finance (DeFi), NFTs, and liquidity mining. His journey into crypto started with a desire to fully understand the technology behind it, leading him to explore and engage with these systems firsthand.

Read more

Ash’s approach to DeFi goes beyond surface-level research as he actively participates in decentralized protocols, testing their functionality to gain a deeper understanding of how they operate. From experimenting with staking mechanisms to exploring liquidity mining strategies, he is hands-on in his exploration, which allows him to provide practical, real-world insights that go far beyond theoretical knowledge. This immersive experience has helped him develop a comprehensive grasp of smart contracts, token governance, and the broader implications of decentralized platforms on the future of finance.

In the NFT space, Ash’s interest is driven by the technology’s potential to reshape ownership and creativity in the digital age. He has explored various NFT projects, gaining insights into how these digital assets function within different ecosystems. His focus is on understanding the evolving relationship between creators and communities, as well as the innovative uses of blockchain technology to establish authenticity and provenance in the digital world. Ash’s research in this area often touches on the intersection of culture, technology, and community-driven projects.

A key area of his expertise lies in liquidity mining, where he has engaged with various decentralized platforms to understand how liquidity provision contributes to the functionality and security of DeFi ecosystems. Ash’s hands-on involvement has allowed him to analyze the risks, rewards, and broader implications of liquidity pools, giving him a well-rounded perspective on this integral part of DeFi. His understanding of risk management and protocol design allows him to provide insights into how these systems can be navigated effectively, with an emphasis on both opportunity and caution.

When it comes to communicating these complex topics, Ash’s writing is grounded in clarity and depth. He excels at breaking down intricate blockchain concepts into easily digestible information for a wide audience. Whether explaining the workings of decentralized exchanges or outlining the future potential of blockchain technology, Ash ensures that his content is accessible to both those new to the space and experienced participants looking for deeper insights.

Beyond DeFi and NFTs, Ash explores a wide array of emerging blockchain applications. His research spans areas like cross-chain technologies, decentralized governance, and blockchain’s potential to integrate with traditional finance. He is continuously learning and adapting to the latest developments, ensuring that his insights are both timely and relevant. His interest extends to how these technologies are creating new possibilities for decentralization, transparency, and trust in a variety of industries.

Ash’s commitment to engaging with the crypto space firsthand gives him a unique perspective that goes beyond what can be learned from research alone. His practical involvement allows him to stay ahead of the curve, offering readers and enthusiasts a clear and comprehensive understanding of the rapidly evolving world of blockchain. Whether delving into the technical mechanics of DeFi or exploring the cultural impact of NFTs, Ash’s approach is always rooted in curiosity, research, and a desire to make this technology accessible to all.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP

XRP To End 7-Month Consolidation After 700% Surge – Is A Major Move Coming?

After months of sideways movement, XRP may finally be gearing up for a significant breakout. According to analysts, the popular...

Scott Matherson 3 hours ago
Bitcoin

Rising Bitcoin Dominance Above 64% Dashes Hopes Of Altcoin Season, Here’s Why

Crypto analyst Daan Crypto has provided an analysis of the rising Bitcoin dominance, explaining why this will likely continue to...

Scott Matherson 6 hours ago
Bitcoin

On-Chain Analyst Warns: Bitcoin Peak Expected, Altcoins Facing -95% Plunge

As Bitcoin (BTC) and the broader cryptocurrency market show tentative signs of recovery following the most recent correction, a crypto...

Ronaldo Marquez 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Tether

Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity

Christian Encila 31 minutes ago
bitcoin

Bitcoin Whales Pull 4,500 BTC From Binance, Hinting At Incoming Rally

Ash Tiwari 1 hour ago
Ethereum Golden Cross Approaching – Will History Repeat?

Ethereum Golden Cross Approaching – Will History Repeat?

Sebastian Villafuerte 3 hours ago

Premium Sponsors

Top Brands

Press Releases

  • The US cryptocurrency stock market plummeted? Smart people...

    2 days ago
  • LandDAO to Bring Land NFTs Backed by Real-World Assets...

    2 days ago
  • 仮想通貨プレセール終了|SOLXの今後と初期投資家に訪れるチャンスとは?

    ...

    2 days ago
  • 仮想通貨おすすめ|初期段階で注目される次世代プロジェクト3選

    ...

    2 days ago
  • Nový DeFi coin posílil o 76.6 %, zatímco Solana a Tron trpí kvůli tržní volatilitě

    Nový DeFi coin posílil o 76.6 %, zatímco Solana a Tron...

    2 days ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.