ETH is like QQQ, a basket of growth stocks, Bitcoin is a commodity, and SOL is a game! complement each other

The Ethereum spot ETF was officially approved by the SEC on May 23, but it still needs the approval of the S-1 document before it can be officially listed for trading. The price of ETH currency has also stagnated, and some The opinion is that Ethereum has not yet found a concise and powerful advertising slogan, and may not be able to attract older people in the traditional financial market, which will become a major obstacle to the Ethereum spot ETF.

Ram Ahluwalia, founder and CEO of Lumida Wealth, believes that positioning is very important. Ethereum is like a "decentralized application store" with a basket of growth stocks like QQQ, while Bitcoin is Positioned as a commodity, SOL is a story about a game and a decentralized exchange. These assets complement each other and will help each other grow.

ETH is like a QQQ basket of growth stocks

Ahluwalia believes that at the highest level, Ethereum is decentralized computing. At the user level, Ethereum is like a "decentralized application store."

ETH is closer to QQQ, a basket of growth stocks, than a hedge against inflation. This is a powerful story.

Note: QQQ is an ETF issued by Invesco that tracks the Nasdaq 100 Index. It includes the 100 largest companies listed on the Nasdaq Securities Market. The main components are: Technology stocks, including Microsoft, Apple, Amazon, etc.

Additionally, ETH’s staking yield plays a role in investment portfolios and allows asset managers to run models. Ethereum is best suited for tokenization – a response to counterparty risk and lack of transparency during the 2008 crisis.

Ahluwalia believes that Ethereum is a decentralized innovation story. With centralized intermediaries like Apple and Goldman Sachs holding too much control, investors will look to decentralized app stores like Ethereum, where control belongs to users, not gatekeepers.

Bitcoin is a commodity, SOL is a game, and they complement each other

Ahluwalia believes that the Ethereum community made a mistake when trying to position itself around "currency", just like Bitcoin tried to be smart Same contract.

Differentiation, specialization and narrative clarity win. These assets complement each other, just like if someone builds a nice house near you, your assets will appreciate in value as well. So, when your neighbor sells their house for a higher price, you should support them.

Ahluwalia also mentioned that BTC, SOL and ETH have a wide range of coverage and application types.

Bitcoin is related to commodities, and we are in a super cycle of commodities, driven by quantitative easing, wars, and deficits. And Solana is the story of a game and a decentralized exchange.

The exchange Nasdaq needs more competition. And users should own the property rights on the chain, not Amazon or Netflix.

The above is the detailed content of ETH is like QQQ, a basket of growth stocks, Bitcoin is a commodity, and SOL is a game! complement each other. For more information, please follow other related articles on the PHP Chinese website!