The race to $1 trillion: Who should win Elon Musk or Ethereum?

The article examines the race for the first $1 trillion valuation, pitting Elon Musk's potential wealth accumulation via Tesla's ambitious compensation package against Ethereum's market capitalization growth. Musk's path heavily relies on achieving specific technical and regulatory milestones for robotaxis and humanoid robotics, which could lead to a multi-trillion-dollar net worth based on forward modeling of Tesla, SpaceX, and xAI valuations. In contrast, Ethereum's path depends on network adoption and price appreciation. The author notes that while Musk's rise highlights a consolidation of power, the social framing around extreme wealth matters, as admiration for the mega-rich can reduce support for redistribution. Ultimately, the piece frames the comparison not as hero versus protocol, but as equity optionality versus network adoption, asking whether society prefers a system empowered by individual ambition or collective adoption.

(Source：CryptoSlate)