What it means: TradingView news

Ethereum has received a lot of criticism recently and as a result the price of ETH has underperformed that of other altcoins. However, Ryan Berckmans, a prominent Ethereum community contributor and investor, boldly claims that we are entering the “Ethereum era,” a period that could redefine the hierarchy of blockchain technologies. Berckmans shared his insights via X, sparking a mix of excitement and skepticism in the crypto community.

Berckmans argues that Ethereum’s underlying fundamentals remain exceptionally strong despite numerous perceived challenges. He directly addresses common investor concerns, providing counterpoints to each that highlight Ethereum’s enduring strengths and potential.

“ETH fundamentals look excellent,” says Berckmans. He addresses concerns about competition from Bitcoin’s Layer 2 applications, regulatory hurdles from the U.S. Securities and Exchange Commission (SEC), and the rise of other blockchains like Solana.

According to him, these are misconceptions rather than real obstacles: “The problem with all these headwinds is that none of them are real. In fact, Ethereum is on the verge of becoming a global economic backbone and gaining permanent institutional legitimacy.”

Because Ethereum is supposedly superior to its competitors

Berckmans criticizes Bitcoin’s L2 ecosystem, suggesting that it falls short in practicalities compared to Ethereum’s more mature and versatile platform. “Buy ETH because Bitcoin’s L2 app ecosystem is currently garbage and will always be significantly worse than Ethereum in all practical aspects,” he says, underscoring Ethereum’s superiority for developers looking for robust, tested solutions.

On the regulatory front, despite looming concerns that the SEC may classify ETH as a security, Berckmans remains optimistic about Ethereum’s position: “Buy ETH because the SEC will likely fail to classify ETH as a security. Even if this happens, the executive branch will ultimately fail to curb Ethereum’s growth because we are very useful to America and many powerful political blocs, such as Big Tech and tradfi asset managers.”

Addressing competition from Solana, Berckmans points out that the perceived benefits in terms of scalability and application growth may not be as robust as they appear. He suggests that Ethereum faces no real competition: “Buy ETH because Solana is not as scalable as it seems; it’s not as high growth as it seems; has faster L2s as competitors than it might seem; has significantly lower customer diversity and higher technology risk than sold; and, overall, it is weaker and more threatened than many think.”

Additionally, Berckmans discusses the strategic moves of major financial players such as Visa, MasterCard, JP Morgan, and Citibank, who have built their own blockchains. He predicts that these institutions will eventually gravitate towards Ethereum due to its vast network and global trustless operations.

“Buy ETH because Visa, MasterCard, JP Morgan and Citibank have built a shared chain and are using it in place of Ethereum, and soon, having tasted the future, they will migrate to Ethereum as customers and the universe of potential partners they are on Ethereum,” says Berckmans.

The cryptocurrency expert also clarifies the relationship between Ethereum and its Layer 2 solutions, highlighting a symbiotic dynamic in which both layers accrue value, just like railroads and the companies that thrive on them: “Buy ETH because value accrues for all L2 and ETH and our app.

Overall, Ryan Berckmans’ bold predictions offer a compelling vision of Ethereum’s potential to not only overcome current challenges, but also emerge as a central pillar in the future of global finance. Whether this vision will fully materialize remains to be seen, but for now, the concept of the “Age of Ethereum” is generating considerable debate and interest among investors and industry observers alike.

At the time of writing, ETH was priced at $3,031.67.

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