Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Bankless founder discusses liquidating ETH holdings: Still optimistic about the Ethereum network, but believes ETH is unlikely to be repriced by the market

Bankless founder discusses liquidating ETH holdings: Still optimistic about the Ethereum network, but believes ETH is unlikely to be repriced by the market

Odaily星球日报Odaily星球日报2026/05/27 02:22
Show original

Odaily reported that Bankless founder David Hoffman explained on X the reasons why he sold all his ETH holdings.

Hoffman wrote: “I remain extremely bullish on the Ethereum network and the entire ecosystem — Ethereum’s architecture is fundamentally designed to maximize the chances of success for its applications, L2s, and ecosystem. The ‘fat-app’ thesis means that applications on Ethereum can capture the majority of transaction fee revenue; and the ‘rollup-centric’ roadmap means that L2s can achieve profit margins as high as 97%. However, when it comes to ETH as an asset itself, it’s becoming harder and harder for me to see how the market will structurally rerate it — whether upwards or downwards. So, my decision to sell ETH isn’t because I’m bearish on ETH, but because I believe the ‘ETH is Money’ narrative has basically played out. I want to allocate my funds to other opportunities I see in the market.”

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

TotalEnergies (TTE.US) partners with Mistral: 100 million euros bet on AI exploration, European "sovereign AI" implemented in core energy scenarios

TotalEnergies (TTE.US) will collaborate with French artificial intelligence startup Mistral AI to leverage AI technology to enhance its oil and gas exploration capabilities and extend the lifespan of existing oil fields.

智通财经2026/09/15 10:46
TotalEnergies (TTE.US) partners with Mistral: 100 million euros bet on AI exploration, European "sovereign AI" implemented in core energy scenarios