Why Bankless Co-Founder Sold His Entire Ethereum Portfolio
BeInCrypto
Bankless co-founder David Hoffman sold his ETH, arguing that the network's future success may not translate into higher prices for the asset.Summary
David Hoffman, co-founder of Bankless and a prominent Ethereum advocate, has sold his entire ETH holdings. Hoffman maintains his bullish outlook on the Ethereum network's utility—specifically its role in DeFi, stablecoins, and Layer 2 solutions—but argues that the "ETH is money" thesis has reached its limit. He believes the network is structurally designed to prioritize ecosystem growth over economic value capture for the token, suggesting that ETH may no longer significantly appreciate even as the network thrives. This decision reflects a growing debate among investors regarding the link between blockchain infrastructure success and native asset performance.
(Source：BeInCrypto)