According to Foresight News, Hong Hao, CEO and Chief Global Asset Allocation Officer at Huafu International, has highlighted the pivotal roles of Ethereum and Bitcoin in the digital world. Bitcoin is seen as a store of value, while Ethereum serves as a transactional tool. The 'GENIUS Act' has granted legal status to stablecoins, significantly boosting the demand for Ethereum as a settlement network for these digital currencies. This surge in demand has led Ethereum to outperform Bitcoin in July 2025, with potential to reach new historical highs.
In the short term, the development of stablecoins and cryptocurrencies is expected to reinforce the dominance of the U.S. dollar. However, in the long run, it may contribute to a more open monetary system. Ethereum, Bitcoin, and other cryptocurrencies are considered essential asset classes for investors amid the wave of digital asset growth.
