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Ethereum Targets Web 2.0, Not Bitcoin, Says Bitwise CEO

Solomon M. by Solomon M.
July 14, 2025
in Altcoin News
business leader tech innovation
Key Points:
  • Ethereum’s new focus moves beyond cryptocurrency competition.
  • Institutional inflows into Ethereum mark significant financial interest.
  • The narrative shift highlights Ethereum’s unique role in tech and finance.
ethereum-targets-web-2-0-not-bitcoin-says-bitwise-ceo
Ethereum Targets Web 2.0, Not Bitcoin, Says Bitwise CEO

Bitwise CEO Hunter Horsley announced on July 14, 2025, that Ethereum aims to replace outdated Web2 platforms rather than compete with Bitcoin.

Hunter Horsley’s statement signals a transformative phase for Ethereum, emphasizing its role in revolutionizing tech infrastructures, with implications for market structures and investor dynamics.

Body:

Hunter Horsley, CEO of Bitwise Asset Management, emphasized Ethereum’s evolving role as a competitor to outdated Web2 platforms. He stressed Ethereum’s potential to replace old financial systems and questioned the conventional ranking by market cap.

Ethereum’s narrative is shifting, targeting technological and infrastructural roles instead of solely cryptocurrency competition. This change, articulated by Horsley, positions Ethereum against Web2 giants and legacy finance, reshaping its market and innovation potential.

Record inflows into Ethereum products reflect growing institutional interest, particularly in spot ETFs. Despite Bitcoin ETFs experiencing larger inflows, interest in both assets demonstrates increased engagement from traditional finance sectors in cryptocurrency.

The rise of Ethereum as a technology platform suggests significant shifts in financial ecosystems. As more institutions allocate resources to Ethereum, the focus turns towards sustainable and decentralized application development over speculative valuation.

Ethereum is poised to redefine digital application landscapes, especially within the context of replacing Web2 systems. As developers innovate on Ethereum’s flexible architecture, the cryptocurrency ecosystem may transition towards broader utility.

Historical trends, such as the 2020 DeFi summer, illustrate Ethereum’s sustained growth due to its application-centric value.

“Ethereum is not competing directly with Bitcoin. Instead, it aims to become a key technology that replaces outdated Web2 platforms and old financial systems.” – Hunter Horsley, CEO, Bitwise Asset Management

This development indicates future technological outcomes, including increased adoption and potential regulatory considerations, bolstered by Ethereum’s infrastructural utility.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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