“TradFi traders could not reply as enthusiastically to ETH’s funding thesis than to BTC’s. Gold’s funding thesis as an inflation hedge is well-known, and due to this fact, it isn’t a leap for TradFi traders to wrap their heads across the concept of ‘digital gold,” Chung stated in a message to CoinDesk, referring to an August report by the agency on the subject. “Then again, ETH’s ‘world laptop’ narrative is way more troublesome for non-technicals to understand.
