CryptoBearishNewsBTC · 11h ago7/10
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Bankless Co-Founder Explains Why He Sold All His Ethereum
Bankless co-founder David Hoffman sold all his Ethereum, stating the "ETH is money" thesis has played out rather than failed. While remaining bullish on Ethereum's infrastructure, Hoffman argues that Ethereum's architecture deliberately distributes value to Layer 2s, applications, and stablecoins rather than accruing it to ETH itself, creating a structural headwind for asset appreciation.
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