Recently, something new happened on Wall Street. Everyone is playing the game of "MicroStrategy for Ethereum"! What does it mean? Now there are a group of listed companies, following the trend of big companies such as Tesla and MicroStrategy to buy Bitcoin, and they have begun to frantically hoard Ethereum (ETH).
There are two big guys behind this matter: one is Joseph Lubin, the co-founder of Ethereum, and the other is Tom Lee, a famous Wall Street analyst. Under their leadership, companies that have been listed on the US stock market, such as SharpLink Gaming, Bitmine, and The Ether Machin, are now treating ETH as a treasure and moving it into their own company accounts.
To put it bluntly, these companies now think that ETH is a hot commodity, just like those companies that rushed to buy Bitcoin in the past few years. They think that ETH will definitely rise in the future, and buying it now can be used as an investment and can also support the company. Think about it, even listed companies have begun to hoard ETH, which is equivalent to advertising to the market that "we are optimistic about Ethereum"!
This wave of operations is exactly the same as the crazy purchase of Bitcoin by MicroStrategy back then. It's just that the protagonist has changed to ETH, and the players have also changed. It seems that these people on Wall Street really take cryptocurrency seriously. They just finished playing with Bitcoin and started to mess with Ethereum.
But then again, these companies must have done their homework to dare to do this. After all, there are more and more application scenarios for ETH now, and DeFi and NFT are very popular, which is more exciting than Bitcoin. So these companies probably think: Bitcoin is hoarded by people, and we may make more money if we hoard ETH!
Next, let's see whether this "Ethereum version of MicroStrategy" can play tricks. If ETH can really rise like Bitcoin, these companies will make a lot of money. But the risk is not small. After all, cryptocurrency is a thing that rises sharply and falls sharply$ETH