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Can Ethereum Replace Bitcoin? Bitwise CEO Reveals What ETH Can Do

  • Bitwise CEO, Hunter Horsley, suggests Ethereum (ETH) shouldn't be viewed as a competitor to Bitcoin (BTC) but as a challenger to traditional tech and financial systems.
  • Horsley emphasizes that cryptocurrencies are unique and serve varying purposes, likening them to individual mobile applications on the same operating system.
  • While Bitcoin remains a decentralized digital store of value, Ethereum is establishing itself as a platform for programmable finance and decentralized applications (dApps), shifting its focus away from challenging Bitcoin.
  • The evolving perspective in the crypto space indicates a maturation towards evaluating blockchains based on their functionalities and long-term potential, rather than just market rankings and price movements.

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