Explosion! ETH has surged 15,240 times since its ICO in 2014. Is Peter Thiel's hefty bet on Ethereum making it Wall Street's new darling?

Recently, there has been big news in the cryptocurrency world! According to BlockBeats, on August 24, Cointelegraph revealed that since Ethereum's ICO in 2014, the price of ETH has skyrocketed, with an astonishing increase of 15,240 times. This growth rate is simply jaw-dropping!

Meanwhile, according to PANews, billionaire investor Peter Thiel has made a significant bet on Ethereum, believing that it will become the preferred platform for Wall Street to handle real-world assets (RWA). His investment firm, Founders Fund, has not only heavily invested in Ethereum-related assets but has also acquired stakes in several companies that use Ethereum as a reserve asset, with ETHZilla and Bitmine being key pieces in his strategy.

Peter Thiel's investment logic is also very clear: once Ethereum successfully becomes an alternative channel for handling assets like dollars and stocks, breaking free from the constraints of the traditional financial system, the native token ETH will surely soar in value due to the explosion of network activity. Currently, financial giants on Wall Street have already taken action on Ethereum, with BlackRock and Franklin Templeton launching tokenized money market funds on the Ethereum network, and Apollo Global Management issuing diversified credit securities funds through Ethereum.

However, Nansen analyst Nicolai Søndergaard has poured cold water on this frenzy, bluntly stating that this may just be a marketing tactic to attract people to buy Ethereum concept stocks. After all, while the data on Ethereum's network activity is impressive, with this year's trading volume reaching $12 trillion, far exceeding last year's $9.6 trillion, most of the trading comes from stablecoins like Tether and USD Coin, as well as operations from large exchanges. Whether these activities signify real institutional involvement or merely speculative hype remains a question mark.

Regardless of how this investment drama surrounding Ethereum concludes, the surge of ETH and Peter Thiel's hefty bet have turned the entire financial market's attention. Is this a continuation of an investment myth or a celebration before a bubble burst? Let's wait and see!$ETH