Hong Hao: Ethereum is likely to hit a new all-time high

On July 20, a renowned analyst Hong Hao published an article titled "Asset Allocation with Ethereum and Bitcoin", stating that Ethereum and Bitcoin are like two pillars of the digital world, with Bitcoin serving as a store of value and Ethereum as a trading tool. The "GENIUS Act" grants legitimacy to stablecoins, and the issuance of stablecoins using Ethereum as a trading and settlement network will significantly boost Ethereum demand, potentially causing it to outperform Bitcoin by July 2025 and likely create a new historical high. In the short term, the development of stablecoins and cryptocurrencies will consolidate the US dollar's dominant position, while in the long term, it will promote a more open monetary system. Ethereum, Bitcoin, and other cryptocurrencies should be an indispensable asset class for investors in this wave of digital assets.