"The Value of Virtual Assets Should Not Be Judged by Price Alone"

JH Kim

Summary

William Mougayar, former special advisor to the Ethereum Foundation, stated that the value of virtual assets should be evaluated not only by price but also by considering utility and adoption rate.
He explained that through collaboration between Ethereum and Bitcoin, synergy can be expected in terms of liquidity and utility.
Advisor Mougayar emphasized that the long-term success of virtual assets depends on their practical usability and technological utility in real life.

William Mougayar, former special advisor to the Ethereum (ETH) Foundation, stated that the value of virtual assets (cryptocurrencies) should not be assessed solely based on speculation about their price, but should be evaluated in terms of utility and adoption rate, among other criteria.

On the 10th (local time), in a column contributed to CoinDesk, he remarked, "The 'worship of price,' which focuses only on the price, obscures substantive technological progress and industrial advancements taking place on blockchains like Ethereum," and explained, "Collaboration between Bitcoin (BTC) and Ethereum can produce a win-win situation by sharing liquidity and utility and is expected to maximize the strengths of both networks through synergy."

He continued, "The long-term success of virtual assets depends on overcoming the temporary dopamine effect gained from watching daily charts," stressing that "the most valuable technology ultimately must be usable in real life rather than being just a flashy ticker."