Bankless Co-Founder David Hoffman Sells All His Ethereum, Says 'ETH is Money' Thesis Has Played Out
By
Jake Simmons
Hand-rolled, kettle-boiled, baked to perfection. Worth every minute at the bakery.
Summary
Bankless co-founder David Hoffman, a prominent Ethereum advocate, announced he sold all his ETH holdings after concluding that the "ETH is money" thesis has fully played out. While he remains bullish on Ethereum as a network, he no longer sees a clear path for ETH the asset to receive a structural rerating. Hoffman acknowledges the weight of this decision given his career and identity are built around Ethereum, but clarifies the thesis didn't fail—it simply reached its conclusion.
Key quotes
· 3 pulledFor someone who built a career, community, identity, and business around Ethereum, this choice does not come lightly.
The ETH is Money thesis didn't fail… it played out.
Ethereum got the ETH price it deserves.
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