Ethereum Could Become “High-Octane Money,” Says Former BlackRock Crypto Head
- Joseph Chalom says Ethereum’s programmability makes ETH the strongest collateral for institutions.
- Ethereum’s market cap has historically tracked half the value of assets secured.
- Short-term resistance seen at $4,475–$4,612; possible move toward $4,900 ahead.
Ethereum is gaining strong conviction from Joseph Chalom, the former head of crypto at BlackRock. Chalom says Ethereum (ETH) is not only undervalued today but has the potential to become what he describes as “high-octane money” in the financial system of the future.
He argues Ethereum is different from Bitcoin because of its programmability. While Bitcoin is often seen as a store of value, Ethereum powers applications, decentralized finance, and tokenized real-world assets. “Institutions should think of ETH not just as an asset but as the strongest collateral to hold on a balance sheet,” he said in an interview with Bankless.
Simple Framework for Valuing a $41,000 Ethereum
Chalom bases his bullish view on a clear pattern. Over the past five years, Ethereum’s market cap has closely tracked the growth of assets secured on the network.
“For every $2 of high-quality liquid assets s…
The post Ethereum Could Become “High-Octane Money,” Says Former BlackRock Crypto Head appeared first on Coin Edition.
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Ethereum (ETH) Price Prediction For September 12
Ethereum Could Become “High-Octane Money,” Says Former BlackRock Crypto Head
- Joseph Chalom says Ethereum’s programmability makes ETH the strongest collateral for institutions.
- Ethereum’s market cap has historically tracked half the value of assets secured.
- Short-term resistance seen at $4,475–$4,612; possible move toward $4,900 ahead.
Ethereum is gaining strong conviction from Joseph Chalom, the former head of crypto at BlackRock. Chalom says Ethereum (ETH) is not only undervalued today but has the potential to become what he describes as “high-octane money” in the financial system of the future.
He argues Ethereum is different from Bitcoin because of its programmability. While Bitcoin is often seen as a store of value, Ethereum powers applications, decentralized finance, and tokenized real-world assets. “Institutions should think of ETH not just as an asset but as the strongest collateral to hold on a balance sheet,” he said in an interview with Bankless.
Simple Framework for Valuing a $41,000 Ethereum
Chalom bases his bullish view on a clear pattern. Over the past five years, Ethereum’s market cap has closely tracked the growth of assets secured on the network.
“For every $2 of high-quality liquid assets s…
The post Ethereum Could Become “High-Octane Money,” Says Former BlackRock Crypto Head appeared first on Coin Edition.
Читать больше