Bankless Why You Should Still Be Bullish ETH | Anthony Sassano
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Nov 5, 2024 
In this discussion, Anthony Sassano, a prominent angel investor and creator of The Daily Gwei, shares his insights on Ethereum's current market challenges. He analyses why ETH prices are lagging compared to competitors like Solana and Bitcoin. The conversation dives into the significance of Layer 2 solutions, Ethereum's evolving security landscape, and the impact of institutional investment. Additionally, Anthony addresses the project's marketing hurdles and outlines bullish catalysts for ETH, making a compelling case for its future growth.
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Early Ethereum Impressions
- Anthony Sassano's first impression of Ethereum in 2017 was overly optimistic regarding proof-of-stake and scaling.
- This initial impression was shattered by scalability issues like CryptoKitties and the ICO mania.
Ethereum's Progress
- Sassano notes that promised Ethereum features in 2017 like Proof of Stake and DeFi took years to materialize.
- Despite delays and a bear market, Ethereum's progress has exceeded his initial expectations.
Price is a Snapshot
- Sassano argues that ETH's current price relative to BTC and SOL is a snapshot of current market sentiment, not a reflection of long-term value.
- He emphasizes that many crypto investors prioritize short-term gains over technological fundamentals.