Bitwise CEO: Ethereum's true competitors are Web2 and traditional finance, not Bitcoin

BlockBeats News, July 14th, Bitwise CEO Hunter Horsley stated, "Ethereum is not competing with Bitcoin. Its real competitors are Web 2.0 and traditional financial services software."

In the next 6 to 12 months, the crypto market will move beyond the 'CoinMarketCap era,' which is the mindset that views each cryptocurrency as simply having a different market cap, with everything else being the same.

We will begin to realize that the opportunities between different blockchains are diverse, much like 'apps on the iPhone.' Even though the underlying technology is similar, their purposes and commercial potential are vastly different."