Comparing Ethereum to Amazon, a 21 Shares analyst claimed that Wall Street investors are ignorant of its potential.
Source: Bloovi
An official at 21Shares stated: Ethereum may surprise us with revolutionary use cases. Just as Amazon evolved beyond books, Ethereum could redefine entire industries.
Ethereum’s Prospects Reminisce About Amazon’s Formative Years
Wall Street investors are as unaware of Ethereum’s potential as they were of Amazon in the early 1990s, before the internet giant grew into a $2 trillion behemoth, according to a research analyst at crypto asset manager 21Shares.
Exchange-traded funds (ETFs) that invest in Ether have had lower inflows than those that invest in Bitcoin, despite their July debut.
Ethereum’s Development Needs Investor Knowledge
Leena ElDeeb, a research analyst at 21Shares, shared her perspective with Cointelegraph. She stated that substantial investments in Ethereum exchange-traded funds (ETFs) won’t occur until the full potential of Ethereum is comprehended.
Image: Leena ElDeeb (Source: boerse-muenchen.de
Eldeeb claims that the Ethereum platform is complicated. In terms of its enormous potential, it is like an Amazon in the 1990s. Its application cases are more complicated, though.
From e-bookshop to technological giant
Source: CoinDesk
Federico Brokate, VP and head of the US business unit at 21Shares, made the following remarks about Amazon: Few could have predicted that Amazon, which started as an online bookshop, would transform into a global e-commerce giant. It has also reshaped how we shop and use digital services through its cloud computing business.
Likewise, Ethereum has expanded from its modest origins as a platform for basic smart contracts. It currently powers decentralized financial applications valued at over 140 billion USD.
Ethereum Could See Some Unexpected Developments in the Future
Amazon transformed industries by going beyond books. Ethereum might surprise us with innovative uses. These revolutionaries are currently beyond our comprehension.
According to Brokate, Ethereum had an advantage over Amazon in the 1990s because of the vast pool of expertise striving to make the network functional. Ethereum’s $320 billion market capitalization represented barely 6.25 percent of Amazon’s $2 trillion valuation.
Similarities in Developer Growth Amazon’s Employee Growth
“About 7,600 individuals worked at Amazon by the end of the 1990s. In comparison, the Ethereum network already has over 200,000 active developers, including software engineers, researchers, and protocol designers, all contributing to its progress,” Brokate explained.
“Amazon now employs over 1.5 million people worldwide; the Ethereum ecosystem may experience growth similar to this.”
