Analyst: Ethereum’s Rally Marks the Beginning of a New Cycle for Blockchain Financial Services
Odaily Planet Daily reports that Bernstein analysts state Ethereum (ETH) will continue to attract strong investment interest, as financial markets increasingly value stablecoins and asset tokenization. The report notes that institutions such as BlackRock will drive the inclusion of ETH in investment portfolios, while banks and fintech companies will also purchase ETH to pay for network transaction fees.
According to the analysts: “With the U.S. President signing the GENIUS Act, stablecoins have become legal digital cash. As the primary infrastructure for stablecoins, Ethereum is entering its moment in the spotlight—over the past two weeks, ETH has risen by approximately 45%.” They further point out that this marks the beginning of a blockchain financial services cycle, rather than the traditional crypto boom-and-bust cycle. (The Block)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A major whale purchases 475 WBTC and opens a long position of 434.6 BTC
Grayscale’s Global Head of ETFs David LaValle Resigns, Previously Led Key Efforts in Converting GBTC to an ETF
Trending news
MoreCrypto prices
More








