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.