BlackRock describes Ethereum as a blockchain technology play
In According to a new report from 10x Research, BlackRock has begun describing Ethereum (ETH) as “a bet on blockchain technology.” However, this characterization may not be generating interest among traditional investors.
It has been mentioned, “Blockchain technology, while promising, remains a relatively new and complex concept for many investors. Unlike an electric car or a social network, it is not a tangible product or service that they can directly experience.”
One recommendation is that, “Before investing, investors should carefully evaluate the benefits and risks of an opportunity. The more tangible, concrete and large the benefits, the greater their willingness to take risks.”
However, “On the contrary, if the benefits are not evident, investors become more cautious. In this sense, Ethereum could still be perceived as too abstract a concept for Wall Street. The big techs, on the other hand, offer tangible products and services to a broad market.”
The truth is, “The overuse of terms like ‘decentralization,’ ‘hash,’ ‘node,’ ‘smart contract,’ etc., may create a barrier to entry for many people interested in learning more about this technology”
SOURCES CONSULTED
Cointelegraph. Wall Street may be underestimating Ethereum. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
