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The Defiant 2025-03-20 19:27:10

Ethereum Must Choose: Asset or Platform, Says EY’s Paul Brody

Ethereum can either be a robust decentralized platform for enterprises and financial applications or a high-value investment asset—but it cannot effectively be both, according to Paul Brody, Global Blockchain Leader at EY. "People's expectations are unrealistic. They want Ethereum to both be a computing platform and some kind of asset on the equivalent of Bitcoin," Brody said in a recent interview. "The ‘ultrasound money’ crowd wants deflation and surging asset prices. I think it is unrealistic to expect an ecosystem to be both an exceptionally good asset and an exceptionally good computing platform." Instead, he believes Ethereum’s strength lies in its role as a programmable blockchain, akin to an operating system for digital assets and applications. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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