- Bitwise CIO Matt Hougan stated that Ethereum might make a comeback in 2025.
- The cryptocurrency has witnessed significant price dips in the past 24 hours.
The crypto community has garnered shocking news with the Federal Reserve’s anti-Bitcoin stance, in the past day. This has triggered a major sell-off in the market which in turn as customary caused prices to plummet. Bitcoin fell to $100K while Ethereum retreated to its $3.6K zone.
Notably, the Ethereum ecosystem invited in-depth discussions from community members over the past day. Matt Hougan, the Chief Investment Officer (CIO) of Bitwise initiated the talk by stating that Ethereum can witness a comeback this year.
Hougan stated that community members often feel that Solana is easier compared to Ethereum. However, pointing to the current evolution in Ethereum through Base, the Bitwise CIO said that these projects seem like Solana but are not.
Matt Hougan stated on his X Post:
“If Ethereum can retain its institutional bona fides but level up ease-of-use, 2025 will be a good year indeed.”
This stands as a testimonial that Ethereum can be harnessed to build projects that have similar features to Solana. If the ecosystem manages to upgrade its “ease-of-use”, it can manage to witness a comeback. This in turn saw several other prominent members voicing their opinions.
How Did Crypto Experts Respond to Bitwise CIO’s Ethereum Statement?
One prominent community member and independent Ethereum educator – “sassal.eth/acc” discussed how the L2 projects can enhance Ethereum’s value. He discussed how the blockchain functions as collateral for the L2 projects and how their users can always fall back to the L1 in case of a technical glitch.
He further explained how Ethereum’s revenue increases due to L2 projects, but also how despite the L2s the mainnet still generates several million dollars in revenue. The Bitwise CIO, Matt Hougan agreed to sassal’s opinion on Ethereum.
Meanwhile, the Ethereum token has seen significant price drops over the past 24 hours as per CMC data.
