Bitwise CEO: The real competitors of Ethereum are Web2 and TradFi, not Bitcoin.

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BlockBeats reported that on July 14, Bitwise CEO Hunter Horsley stated, "Ethereum is not competing with Bitcoin; its real competitors are Web 2.0 and TradFi software. In the next 6 to 12 months, the crypto market will emerge from the 'CoinMarketCap era', which is the view that every crypto asset is just different in market capitalization and otherwise the same. We will begin to realize that the opportunities between different blockchains are diverse, just as the 'apps on the iPhone' have similar underlying technology but vastly different uses and business potential."

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