The virtual currency market has entered the red zone. Bitcoin once again fell below $90,000, and Ethereum crashed to $2,800. In this tense situation, Sharplink CEO Joseph Chalom opened up about the possibility of an Ethereum supercycle.
In an interview with Milkroad, he said that a few years ago, it was difficult to explain Ethereum to investors. Most people didn't understand what it meant. Today, the story is clearer. Ethereum is not only a store of value, and in some cases deflationary, but also a network on which developers can build apps, exchanges, lending platforms, and tokenized assets. It is programmable in a way that Bitcoin is not, which makes it more useful for the future of digital finance.
Why are major investors suddenly paying attention?
Chalom says more institutions are now realizing two important things. First, Ethereum, like Bitcoin, can increase in price over time. Second, it has the potential to become the leading digital payment system in finance. Stablecoins, tokenized dollars, tokenized bonds, and other digital assets are already using Ethereum. This is why many investors want to accumulate ETH now before its adoption becomes even bigger.
The network effects behind Ethereum’s supercycle
Chalom explains that Ethereum benefits from something similar to the early internet effect. Stablecoins could grow 10x from current levels, and with companies like BlackRock and Fidelity bringing their products on-chain, tokenized assets such as stocks and bonds could grow into trillions of dollars. This creates powerful network effects. The more these assets migrate to Ethereum, the more valuable the network becomes. He notes that even though Ethereum has been around for 10 years, this “supercycle” of adoption is just beginning, not in the past 10 years.
Ethereum lost the spotlight, but it's back in the spotlight
Over the past few years, the Bitcoin and Solana narrative has been gaining strength. Bitcoin led the store of value story and Solana led the fast chain hype. During this period, Ethereum lost some attention. But now, institutional investors building digital asset vaults are turning their attention back to ETH. They clearly explain why Ethereum is important and are helping rebuild Ethereum's momentum.
Tokenization is already growing rapidly
Stablecoins have reached around $300 billion and are expected to grow into trillions of dollars. Tokenized bonds, funds, and other assets are still small but growing rapidly as major financial companies adopt blockchain technology. Chalom believes that Ethereum is the most trusted and ready network for this transition.
A supercycle could start now
Chalom says Ethereum's first 10 years were spent building and proving the technology. The next 10 years will see increased global adoption. That's why he believes Ethereum is entering a “super cycle” where its usage and value grow together. If Ethereum becomes the digital backbone of global finance, owning ETH early on will be a very strong long-term investment idea.
