Cryptocurrencies divide opinion. Those who know about them understand their potential, those who don’t know much. They tend to spout the negative narrative: oh it’s magic internet money, it’s a ponzi scheme, it’s used to buy drugs on the darkweb etcetera.
Bitcoin is starting to infiltrate Wall Street’s knowledgeables on a personal level, and the individuals there are getting involved. The big institutions are also trickling in. However, the truth is most of them won’t be interested until crypto is a much bigger asset class.
Institutions might not be investing in Bitcoin as a currency, but they are getting involved with Ethereum in many different ways. Like Bitcoin, Ethereum does have a currency: Ether (ETH), but it’s much more than a currency.
What is Ethereum?
Ethereum is an open-source, public blockchain, and decentralized application (dApp) platform. The currency (ETH) is used by people making transactions and developers wanting to build on the Ethereum network.
If you buy Ethereum, you’re actually buying ETH, and those who know about it understand its capabilities. It’s in its very early stages, but the beauty of the crypto economy, it has allowed people to invest in things like Ethereum in its early days.
Some might say this is a bad thing, as there have been many scams, and people continue to invest in such scams. But then there’s Ethereum – a technology that will become the platform for the decentralized web. Read More