David Hoffmann

He says Ethereum is like Bitcoin.

And it's got this kind of immaculate conception type of story.

And he also says now that Ethereum has really gotten its shit together from a shipping roadmap perspective, I guess he's talking about sort of the future prospects of the roadmap and also the fact that Ethereum shipped two hard forks this year.

He's like, now it's Ethereum's game to lose.

And I've changed my mind on that.

And that was just one of the...

I guess, tweets that I read this week that embodies this sentiment shift.

I guess they decided in 2021 to just double down, triple down on narrative and institutional adoption.

And that was really what gave them such a successful cycle this time around.

Okay.

But what accounts for some of the sentiment shift?

And the reason we highlighted the tweets that we highlighted is because previously, these have been more Ethereum skeptics, certainly.

Ryan Watkins has.

Correct.

Mike Ippolito, I think he's been pretty, he's basically like Bitcoin is a special snowflake.

Ethereum ain't nothing special.

Show me how it produces revenue and then I'll believe you basically.

So kind of a doubting Thomas on ETH from a monetary perspective.

Some of that sentiment is shifting and it's happening all of a sudden.

Do you have an explanation for that?