Why More Institutional Traders Are Stacking Up Ethereum
Ethereum; A Better Store of Value？ Over the years, bitcoin had been the major store of value in the crypto space, with investors clinging to it as an edge against economic turmoil. However, institutional traders are now taking a keen interest in ethereum as well. Coinbase‘s annual review for 2020 noted that there’s a growing interest from institutional clients in ether. The reason for this is tied to how investors valued the Ethereum network. For one, its the native currency of the network. Because ethereum has been a platform of choice, being the backbone of numerous valuable projects, ether will always be required to power transactions on the ethereum network. “The case for owning ethereum [ether] we hear most frequently from our clients is a combination of, first, its evolving potential as a store of value and, second, its status as a digital commodity that is required to power transactions on its network,” the report says. Coinbase, Gemini, Others, Bullish on Ether and DeFi In a statement to Coindesk, Arthur Cheong, the founder, and portfolio manager at DeFi-focused crypto fund DeFinance Capital, expressed his opinion on institutional interest in ether and DeFi. In his words, he says; “I think the more adventurous institutions are exploring ethereum and
