Crypto Traders Are Already Placing Bets on Ethereum’s ‘Shanghai Hard Fork’

Jeff Dorman, chief investment officer at digital asset management firm Arca, said: “Most investors are now hearing about blockchain and want to make money in some way if it succeeds. But for the first time ever, a bear market with true product market fit encompasses four areas: Bitcoin, Stablecoins, Non-Fungible Tokens (NFTs) and Decentralized Finance (DeFi). “If you wanted to represent all these areas of blockchain in one investment, it would be Ethereum. ,” he said, adding, “In some ways, ETH is now basically a crypto index.” He said he didn’t need to worry about any selling pressure. It will easily be superseded by people who didn’t bet in the first place because they needed liquidity. “

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