Feel the Burn — Why Ethereum is the Crypto Asset of the Summer
San Francisco • Jul 20, 2021
In this issue, we discuss:
A technological upgrade to the Ethereum blockchain — currently scheduled for August 4 — will fundamentally transform Ethereum, both as an investment and a technology.
Following the upgrade, called EIP-1599, anyone wanting to use the Ethereum blockchain will have to “burn” a small amount of ETH to do so.
This will transform ETH into a true consumable commodity: The more demand to use the Ethereum blockchain, the more ETH will be consumed. It will also make Ethereum significantly more user-friendly as a technology.
This is one of the biggest stories in crypto this year and, we believe, underappreciated by the media (which has barely covered it).
Bitwise Asset Management is a global crypto asset manager with more than $15 billion in client assets and a suite of over 30 crypto investment products spanning ETFs, separately managed accounts, private funds, hedge fund strategies, and staking. The firm has an eight-year track record and today serves more than 4,000 private wealth teams, RIAs, family offices and institutional investors as well as 15 banks and broker-dealers. The Bitwise team of over 100 technology and investment professionals is backed by leading institutional investors and has offices in San Francisco, New York, and London.
