BlockBeats News, February 10 — Jiang Zhuoer, founder of B.TOP Mining Pool, stated, "Currently, U.S. stock market funds’ understanding of ETH is still in the stage of 2014-2015 in the crypto circle. The slogan ‘digital gold’ for BTC is well understood outside the circle, but ETH’s ‘smart contracts’ are much more complex.
The first surge in the ETH/BTC exchange rate began with the massive rise of ICOs in 2016-2017, with many tokens being launched on the chain. The second surge in the ETH/BTC exchange rate started around 2026-2027, driven by the blockchainization of traditional finance (USD, U.S. stocks, U.S. bonds), with many RMA tokens being launched on the chain."
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