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Billionaire Peter Thiel Betting on Ethereum to Become Wall Street's Preferred Blockchain for RWA
Summary: According to reports, billionaire Peter Thiel is betting on Ethereum to become the preferred platform for Wall Street's RWA, with his investment company Founders Fund heavily investing in Ethereum-related assets and backing several companies that hold Ethereum as a reserve asset, including ETHZilla and Bitmine. Thiel's investment logic for Ethereum lies in its potential to ...
According to reports, billionaire Peter Thiel is betting on Ethereum to become the preferred platform for Wall Street's RWA, with his investment company Founders Fund heavily investing in Ethereum-related assets and backing several companies that hold Ethereum as a reserve asset, including ETHZilla and Bitmine. Thiel's investment logic for Ethereum lies in its potential to become an alternative channel for clearing and settling US dollars, stocks, and other assets outside the traditional financial system, leading to significant benefits for its native token due to increased network activity.
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Link: Billionaire Peter Thiel Betting on Ethereum to Become Wall Street's Preferred Blockchain for RWA [Copy]
