According to Andrew Keys, the co -position and chairman of Ether Machine, Bitcoin feels like a tool yesterday.
He told CNBC's Squawk Show on July 21 that he would have an iPhone rather than a wired line.
The key continued to say that he owned Bitcoin, so he seized all his belief in Ether Leeum. The movement enters a small -scale encryption sponsor group that advocates Etherrium without listening to Bitcoin.
Ether Leeum company supports genius law
Keys said that the genius law will be a game plan for growth based on the report. Approved on July 18, this law set Guardrails for audit, reserves and licenses to summarize the way of the US -based stablecoin publisher.
More than 50% of all stablecoin is now running on Ethereum's smart contract network. If the stablecoin volume is estimated, the market share will obtain a large commission profit of the validation and DAPP.
Smart contract networks attract institutional flow
According to Keys, institutional players will flock to Ether Leeum for settlement and real world tokenization. He pointed out that Ethereum's Stablecoin grip was compared with Google's search dominance and Google had about 90%of all searches.
He said that banks and funds can easily handle cash -like tokens in a network built for programming money. This view repercuses on strategist Tom Lee of Fundstrat, and recently said Ether can jump to $ 15,000 by the end of the year. But Lee still has Bitcoin and Ethereum.
SPAC listing raises big money
Ether Machine, based on documents, has been listed in cooperation with SPAC Firm Dynamix Corporation in accordance with NASDAQ's Ticker Ethm.
Keys invests $ 665 million in anchor investment. The combined company aims to raise $ 1.5 billion to support ETH Treasury, Staying Operation and Defective Strategy. Investors such as 10t Holdings, Petera Capital and Electric Capital have already signed.
Competition with Layer 2 and other chains
According to the on -chain data, some activities are moving to Layer -2 networks such as Arbitrum and optimism. Rivals such as Solana and Avalanche hosts some of the Stablecoin Market and NFT transactions. This trend can inhibit the expected profits by spreading the transaction fee from Ether Leeum Mainnet.
Based on the market chat, some analysts are worried about the cliffs of the SPAC transaction flow. The end of ETHM's merger depends on the repayment of shareholders and review of SEC.
There is also a risk of regulatory risks for steaking services that can be seen as securities of securities. During a lot of use, gaspiece spikes can prevent new users.
Chart of TradingView, the main image of Unsplash
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