Wood said his team has closely followed how institutions choose Ethereum.
At the time of making this note, ETH is close to breaking its historical maximum.
The renowned investor and CEO of Ark Invest, Cathie Wood, shared in a recent interview her vision about Ether (ETH), positioning it as the safest option for institutional investors.
According to Wood, although Ethereum’s network can be “more expensive and somewhat slower,” Its greatest decentralization makes it a safer option compared to other alternatives.
Wood explained that his team has closely observing how institutions select which protocol to use in their digital asset strategies. “First we saw that Coinbase chose Ethereum for his second layer of operations, and we recently observed that Robinhood is also developing on Ethereum,” he said.
For Wood, these movements reinforce the thesis that she and her team in Ark Invest defend: Ethereum will consolidate as the protocol preferred by institutions.
The Executive highlighted That the preference for Ethereum is not only due to its technological robustness, but also its ability to remain decentralized despite the costs and speed of transactions: “Ethereum, well, can be more expensive and a little more slow, but is more decentralized.” For Wood, This aspect is key to investors seeking security and resilience in their digital assets.
In mid -July, Wood highlighted the relevance of the recent initiatives of the Ethereum Foundation (EF) to climb the network and improve its privacy. The Executive considered these measures as successful steps to keep the project as an institutional leader, although she admitted not to know all the technical details.
The institutional adoption of Ethereum is also reflected in the volume of ETH managed by corporations and funds. Currently, more than 2.7 million Ether remains as a reservation of value under institutional control. Companies such as Bitmine Immersion and Sharplink lead this accumulation, reinforcing confidence in Ethereum as a solid asset at the corporate level.
However, not everyone shares this vision. As Cryptoics reported, Bitcoin’s businessman and defender (BTC) Samson Mow warned that Ethher (eth) is not an asset to keep in the long term.
According to the CEO of Jan3, the current ETH/BTC dynamics reflects strategies of large holders that convert their bitcoin into Ether to boost new narratives, with the intention of selling when the price rises and leaving a new generation of investors trapped in losses. «Nobody wants ETH in the long term. Plan accordingly, ”he said.
Mow also questioned Ether’s ability to overcome his historical maximum – value that he reached in November 2021, when he reached $ 4,900 -, pointing out that “the more he approaches that psychological level, the greater the pressure to sell.” According to the specialist, ETH has historically served as a vehicle for certain actors to get more BTC.
It should be noted that, when writing this note, Ether is quoted at $ 4,668 per unit, according to data of tradingview. This puts it close to breaking its historical maximum.
