The post Bitwise CEO Says “Ethereum’s Mission is Not to Replace Bitcoin” appeared first on Coinpedia Fintech News
Ethereum is surging today and not just in price. Over the past seven days, ETH Price has posted a stunning 18.5% gain, even outshining Bitcoin’s performance.
Bitwise CEO Hunter Horsley points out, this rally isn’t about competing with BTC. It’s about something much bigger: replacing the aging infrastructure of Web2 and legacy financial systems.
So, is Ethereum finally stepping into its role as the backbone of a new internet? Let’s dive in.
In a viral post on X, Bitwise CEO Hunter Horsley said:
“Ethereum’s mission is not to replace Bitcoin. It’s to replace Web2 platforms and legacy finance.”
This shift in narrative—from chasing Bitcoin’s market cap to delivering real-world utility—is quickly gaining traction in the crypto community. Horsley compared blockchain networks to apps on an iPhone, noting that:
Ethereum, according to Horsley, is not “just another coin”—it’s a new form of infrastructure for the digital economy.
Unlike Web2 platforms that require central permissions, Ethereum is decentralized and permissionless, allowing anyone to build, participate, or innovate without gatekeepers.
Ethereum is already powering:
And now, it’s getting even more powerful.
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One of the most exciting developments in the Ethereum ecosystem is MegaETH, a next-gen Layer 2 solution built to supercharge Ethereum’s speed and scalability.
This means Ethereum can now support real-time applications like high-frequency trading, decentralized gaming, and AI-integrated DApps—at scale.
With real-world adoption on the rise, technical innovations like MegaETH, and a growing narrative that separates it from the “store-of-value” label, Ethereum is no longer chasing Bitcoin—it’s building a different future.
The focus is no longer on market cap, but on market impact.
Ethereum isn’t just growing in price—it’s evolving in purpose. From powering DeFi to becoming the infrastructure for next-gen finance and real-time internet applications, Ethereum is staking its claim as the most useful blockchain in the ecosystem.
As the market matures, expect Ethereum to be judged less by comparisons to Bitcoin and more by how deeply it integrates into the global digital economy.
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