Ether has a “much larger addressable market” than Bitcoin as it could be considered a bet on the entire Web3 industry, claims a crypto analyst.
Ether (ETH) may have an easy-to-explain selling point after all — an option for investors to bet on the future growth of Web3 — after recent doubts about defining Ether neatly to sell the idea of spot Ether exchange-traded funds (ETFs), according to a crypto analyst.
“ETH is a tech play on the growth of Web3. A ‘call option’ or ‘high-growth index for Web3 adoption.’ Whereas Bitcoin is ‘digital gold,’” The DeFi report crypto analyst Michael Nadeau said in a May 28 report.
The Web3 industry is set to bring in annual revenue of $33.5 billion by 2030, according to Grand View Research data.
