"Ethereum is like Amazon in the 1990s", says institutional investor

"Ethereum is like Amazon in the 1990s", says institutional investor

By LeftFooted | bitcoinea | 4 Nov 2024


In an interview with Cointelegraph, Leena EIDeeb, Research Analyst at 21Shares, said that Ethereum now is like Amazon i the 1990s.


According to EIDeeb, Ethereum has "vast potential" but is "less straightforward in its use cases".

"Few could have predicted that it would transform into a global e-commerce and cloud computing giant, reshaping how we shop and use digital services,” another top exec from 21Shares added.


At the time of writing, Ethereum's market cap is about 6.25 percent of Amazon's market cap - $320 billion vs $2 trillion.


I'm not so sure the comparison makes sense though.

I see similarities, but I also see differences.


Because Ethereum has competition from several similar blockchains that are cheaper and faster.


At the same time, I do agree that Ethereum is vastly undervalued.

Time will tell, as per usual

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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