Summary: Fred Wilson, co-founder of United Square Fund (USV), said that in the past twelve years, most of the crypto blockchain networks were mainly purchased, held, and speculated. These behaviors provided funds for the supply side of the blockchain network. But Ethereum and some blockchain networks are changing the status quo.  You need ETH to do ...

Fred Wilson, co-founder of United Square Fund (USV), said that in the past twelve years, most of the crypto blockchain networks were mainly purchased, held, and speculated. These behaviors provided funds for the supply side of the blockchain network. But Ethereum and some blockchain networks are changing the status quo. 

You need ETH to do things on the Ethereum network, such as buying domain names, P2P finance, art, horse racing games, etc. The more people buy ETH, the faster the demand side will grow, and the value of Ethereum will get higher and higher. He believes that the current demand side has taken off.

By Amy Liu