Uniswap Founder: "Ethereum has long-term bullish outlook... not an asset for short-term profit"
Summary
- Hayden Adams, the founder of Uniswap, stated that Ethereum is expected to continue its bullish trend with long-term value rather than short-term profit.
- He revealed that current technological developments will drive Ethereum to an all-time high.
- While Ethereum's adoption rate lags behind Bitcoin, he emphasized its potential as a store of value.
A claim has emerged that Ethereum (ETH) will continue its bullish trend in the long term and there's no need to be concerned about short-term price fluctuations.
On the 28th, Hayden Adams, the founder of Uniswap (UNI), stated through X (formerly Twitter), "I have a long-term bullish position on Ethereum," adding that "Ethereum is not a 'meme coin' that people buy and sell for short-term profits. The ongoing technological developments will drive Ethereum to an all-time high."
He added, "If Ethereum aims to become the best store of value, it's lagging far behind Bitcoin in terms of adoption rate," and "Bitcoin has a clear goal that people around the world trust and understand, and thanks to its strong first-mover advantage, it's ahead in terms of price."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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