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#ETH# Recently, the Ethereum version of "MicroStrategy" has sparked widespread follow, leading us to ponder: Can ETH replicate the successful model of BTC MicroStrategy? Here are a few thoughts on this phenomenon:
1. By emulating successful examples, more U.S. stock companies may join this trend in the short term, creating a positive cycle. Regardless of the main operators, the actual investment from traditional institutional funds and retail investors has indeed helped Ethereum emerge from a long period of stagnation. The characteristic of this wave is that the driving force behind the rise is no longer just retail investors within the cryptocurrency circle, but substantial funds from Wall Street. This indicates that ETH has begun to attract incremental funds from outside the circle, breaking free from the predicament of purely relying on the narrative stacking within the cryptocurrency space.
2. However, the nature of ETH as a reserve asset differs from that of BTC. BTC is more akin to the positioning of "digital gold", with relatively stable value and clear expectations. In contrast, ETH is essentially a "productive asset".