TechFlow, Aug 24 — According to The Wall Street Journal, PayPal co-founder Peter Thiel is betting that Ethereum will become Wall Street's preferred platform for RWA. His investment firm, Founders Fund, has made significant investments in Ethereum-related assets and several companies that hold Ethereum as treasury reserves, including ETHZilla and Bitmine.
Peter Thiel's investment rationale for Ethereum is that if Ethereum can serve as an alternative channel outside the traditional financial system for clearing and settling dollars, stocks, and other assets, its native token would greatly benefit from increased network activity.
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