First Mover: As Ethereum Enthusiasm Builds, ‘Bear Case’ Could Still See Prices Double

First Mover: As Ethereum Enthusiasm Builds, ‘Bear Case’ Could Still See Prices Double


Cryptocurrency markets are sending strong signals right now that the innovations coming from fast-emerging technologies like decentralized finance, or DeFi, could shake up the global order of banks and money managers and insurance companies. 

A recurring theme at CoinDesk’s “invest: ethereum economy” virtual conference Wednesday was just how much money there is to be made in the fast-growing digital-asset industry.

Talk of returns and yields was salted throughout the technical discussions of protocols and governance systems and blockchain arcana like “layer 1” and “layer 2” and “rollups” and “shards.”

Even traditional-market regulators are starting to acknowledge the growth possibilities that cryptocurrency bulls have been betting on for years. 

The technological movement is “obviously revolutionary, and I think at the end of the day could lead to a massive disintermediation of the financial system and the traditional players,” Heath Tarbert, chair of the U.S. Commodity Futures Trading Commission, told CoinDesk Chief Content Officer Michael Casey.

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