Peter Thiel bets on Ethereum as Wall Street's preferred platform
According to PANews, billionaire investor Peter Thiel is betting on Ethereum to become Wall Street's preferred platform for real-world assets (RWA). His investment firm, Founders Fund, has made significant investments in Ethereum-related assets and companies that use Ethereum as a reserve asset, including ETHZilla and Bitmine. Thiel's investment strategy is based on the belief that if Ethereum can serve as an alternative channel for settling and clearing dollars, stocks, and other assets outside of the traditional financial system, its native token will benefit significantly from increased network activity. However, Nansen research analyst Nicolai Søndergaard warns that the notion of 'Wall Street rebuilding its financial infrastructure on Ethereum' could be more of a marketing ploy to attract investors to Ethereum-related stocks.
