Bitwise, a crypto asset manager, hails Ethereum (
ETH
) as an unstoppable force that is revolutionizing the traditional financial system by enhancing efficiency. With over $2 billion in assets under management through its BITB Bitcoin (
BTC
) exchange-traded fund (ETF) as of March, Bitwise claims that Ethereum surpasses traditional finance in wire transfers, international withdrawals, and transactions.

Bitwise asserts that Ethereum significantly reduces transaction costs, providing a tenfold improvement over legacy financial systems. The company believes that technological advancements of this magnitude are unstoppable, positioning Ethereum as a game-changer in the industry.

In addition, Bitwise compares Ethereum’s revenues to those of major public companies, highlighting that the top smart contract platform outperforms companies like Robinhood, Etsy, and Moderna. This demonstrates the growing importance of crypto applications built on Ethereum, showcasing the innovation and potential of the global crypto industry.

Bitwise CEO Matt Hougan emphasizes the political influence that crypto has gained in recent years, including the establishment of a prominent political action committee in Washington D.C. He believes that if the significance of the recent political developments were fully understood, crypto markets would already be soaring to new heights.

Hougan acknowledges the complexity of the current narrative surrounding crypto regulation, noting that the impact of these changes may not be immediately apparent. Despite the lack of tangible policy changes in Washington, Hougan remains optimistic about the future of the industry, anticipating significant growth once the regulatory landscape stabilizes.

Overall, Bitwise remains bullish on the potential of cryptocurrencies, urging investors to stay informed and exercise caution when engaging in high-risk investments. The company stresses the importance of conducting thorough research before making any financial decisions in the volatile crypto market.

Image Source: Midjourney