Deep Tide TechFlow News, August 24, according to the Wall Street Journal, PayPal co-founder Peter Thiel is betting that Ethereum will become the preferred platform for RWA on Wall Street. His investment firm Founders Fund has heavily invested in Ethereum-related assets and is investing in multiple companies that regard Ethereum as a reserve asset, including ETHZilla and Bitmine.

Peter Thiel's investment logic in Ethereum is that if Ethereum can become an alternative channel for processing the clearing and settlement of dollars, stocks, and other assets outside the traditional financial system, then its native token will significantly benefit from increased network activity.