According to BlockBeats, Bitwise CEO Hunter Horsley has stated that Ethereum is not competing with Bitcoin but rather with Web 2.0 and traditional financial services software. He emphasized that over the next 6 to 12 months, the crypto market will move beyond the 'CoinMarketCap era,' which views all crypto assets as similar except for their market capitalization.
Horsley highlighted that the opportunities among different blockchains are diverse, akin to the varied uses and commercial potential of applications on the iPhone, despite having similar underlying technology.
