Ethereum No Longer Just Hype, Moving to Real-World Use, Says Bernstein Analyst

Ethereum, the world’s second largest cryptocurrency, seems to be at a turning point. While Bitcoin still grabs the most headlines, some experts believe that Ethereum is quietly in the spotlight.

Analysts at Bernstein believe that Ethereum is no longer just a playground for speculation, but start to show real-world value as the financial activity on blockchain networks grows.

Bitcoin remains strong, but the role of Ethereum is expanding

For years, Bitcoin is the poster child of digital money, and it does not slide. Analysts at Bernstein even expect it to reach this cycle of no less than $ 200,000, a figure that they still call conservative.

But analysts say that there is now more to watch in crypto, playing a greater role with Ethereum.

In contrast to Bitcoin, which is usually seen as a digital value storage, Ethereum acts as a ‘decentralized computer’, they host stablecoins and tokenized assets. It is already the most important blockchain for Stablecoin transactions and new financial experiments, which can be a sign of the coming things.

Ethereum ETFs receive the attention of investors

Until now, the American spot bites from Ethereum have not received the same attention as those of Bitcoin. Since the launch in July, they have collected around $ 9 billion compared to the $ 120 billion of Bitcoin ETFs.

In the past three weeks alone, ETFs have seen $ 815 million in new money, which suggests that the interest is absorbing.

The growing investment current is seen as a signal that more investors take Ethereum seriously. Analysts believe that this could be the early phase of a major shift for the cryptomarket.

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Real companies turn to Ethereum

In the meantime, Bernstein points out that large payment giants such as Visa and Mastercard are already working on projects that use Stablecoins that run on the Ethereum blockchain. Even big names in Crypto, such as Coinbase and Robinhood, are construction services on Ethereum instead of offering trade alone.

The analysts claim that if companies and financial institutions use blockchain technology, Ethereum, as the most important network that drives these activities, should benefit in the long term.

Hype to real financial aids

Experts say that this moment marks a change in how people see crypto. Ethereum is no longer only for speculation. It becomes part of how payments, investing and financial products can work in the future.

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