Bankless Co-Founder Explains Why He Sold All His Ethereum

Bankless co-founder David Hoffman said he sold his ETH after concluding that the “ETH is money” thesis has largely played out, marking a notable shift from one of Ethereum’s most visible public advocates. Hoffman said he remains “massively bullish” on Ethereum as a network, but no longer sees a clear path for ETH, the asset, to receive a structural rerating from here. “For someone who built a career, community, identity, and business around Ethereum, this choice does not come lightly,” Hoffman w