The Ethereum logo (Photo: Freepik, Rekalawa)
The course of Ethereum (ETH) does not necessarily put investors in ecstasy. However, large investors accumulate behind the scenes-and the rumor mill is also bubbling: Buy Blackrock, Goldman Sachs and Fidelity Currently large quantities of Ethereum because Donald Trump will soon transfer the entire US budget to Ethereum Blockchain?
Ethereum: Trump-Sohn Eric advises you to buy
It is now a running gag among industry observers: Ethereum (ETH), second most value -worthy cryptocurrency after market capitalization – it simply cannot get off the spot. While Bitcoin (BTC) has been able to mark new all -time high stalls several times in the same period and Memecoins recorded billions of bills, Ethereum is bored with continued Bearish prices. Minus 1.68 percent last year, minus 15.61 percent last month, minus 1.42 percent on the weekly chart. The performance looks even more bad in relation to Bitcoin.
Many are wondering: is that still going with right things? What is behind the doldrums at Ethereum? Is there a systemic problem? Is it due to the change from proof-of-work to proof-of-stake? Is the price suppressed? Feels every upward movement the coin then neutralizes again. Current course: $ 2,698 and thus a whopping -44.71 percent below the all -time high of $ 4,891, which was marked at the end of the Bullrun 2021.
But why disappointed it Leading Smart Contract platform So reliable? Is it because of the mighty competition? Both Solana (Sol) and Fantom Rebrand Sonic (s) and other coins are continuously wagging market shares. In addition, the “Ethereum Foundation”, actually commissioned to develop and promote cryptocurrency, also ensures shake of the head rather than enthusiasm.
Nevertheless, it is certain: Groß investors and crypto whales ignore the bear-roar-and buy enormous amounts of Ethereum. Entrepreneur Ted Pillows, for example, commented on X: A Wal Ethereum has just had a Wal Ethereum acquired for more than $ 97 million – and institutions also accumulate. Whether Blackrock, Fidelity, Goldman Sachs or US President Donald Trump via his company World Liberty Financial (Wlfi): They all invest in Ethereum. Goldman Sachs, for example, has the ETF stocks increased by a whopping 2,000 percentnow ETH has almost half a billion dollars. Even Trump-sprout Eric advises X: “In my opinion, there is a great time to buy Ethereum.” Pillow conclusion: “You know something”. But what?
Ethereum: Donald Trump’s favorite blockchain?
It is now known: The US Ministry of Finance is interested in blockchain technology. Elon Musk also clearly expresses himself: When asked whether the US budget should be shipped to the blockchain to end fraud and corruption, The multi-billionaire reacts with a clear “yes!”. Of course, this inspires speculations: Which cryptocurrency could Trump and Musk choose?
Ethereum competitor Cardano (ADA) also offers corresponding Smart Contract functionality. In addition, the asset is one of the coins “Made in USA” favored by Trump. Ethereum (ETH), however, has a significantly larger developer and user base- and enormous institutional support.
Not to forget regulatory aspects: The US stock exchange supervisory authority SEC classifies Ethereum as a “commodity”-that is, as a goods, not as a securities. This simplifies integration into financial systems. The approval of Ethereum ETFs in the USA also shows a positive development with regard to regulatory acceptance. Ethereum as a blockchain of choice in the White House – that should ultimately miss the urgently needed push.
Disclaimer:
The author and/or connected persons or companies have cryptocoins, including bitcoins. This article represents an expression of opinion and no investment advice.