🪙 One of the most famous Ethereum evangelists, David Hoffman sold all his ETH and explained that he no longer sees the coin as the main growth asset of the ecosystem.

According to him, Ethereum may win as a network, but that doesn't mean ETH will necessarily win as an investment asset — more and more value is being taken by L2s, applications, stablecoins, RWAs, and TradFi.

The main thesis "ETH is the money of the internet" is practically closed for him; Ethereum has become a powerful infrastructure, but it has not turned ETH itself into global money.

Simply put, the network can continue to grow, but all the profit from this growth is no longer necessarily settling specifically in ETH.

@DeCenterOrg