Fundstrat’s head of analysis Tom Lee says one catalyst might set off an exponential surge in community charges for Ethereum (ETH), the second-biggest crypto by market cap.
In a thread on the social media platform X, Lee says the following technology will probably choose to do their banking with crypto-friendly banks, driving a pattern towards Bitcoin (BTC) and doubtlessly Ethereum company treasuries.
Lee says that banks, bank card issuers, PayPal and different related firms will maintain crypto belongings on their stability sheets as working capital.
Due to this fact, Lee says some firms like Microstrategy (MSTR) and Metaplanet (MTPLF) arguably symbolize the “excessive margin” part of future monetary structure.
The investor additionally says that such a pattern can be helpful for Ethereum given its domination of stablecoins, that are obligatory to supply liquidity for crypto belongings.
“This is constructive for the layer-1 blockchains issuing stablecoins.
Why Ethereum?
– the vast majority of stablecoins minted on Ethereum
– many of the ‘actual world belongings’ (RWA) in crypto are on Ethereum, akin to stablecoins, tokenized equities, tokenized actual property
Stablecoin charges are 30% of Ethereum ETH community charges at present:
Treasury Secretary Scott Bessent just lately mentioned >$2 trillion USD marketplace for stablecoins is affordable
– that is 10X exponential development in community charges for ETH Ethereum
– different nations could mint stablecoins = upside.”
In accordance with DefiLlama, Ethereum has generated over $20 billion in all-time community charges and has introduced in over $128,709 in income in the final 24 hours.
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