Why is Goldman Sachs' judgment on Ethereum wrong?Written by: Brendan on Blockchain
Compiled: Plain Language Blockchain
A few years ago, Ethereum was still the "little brother" of Bitcoin, known for decentralized finance (DeFi), pixelated NFTs, and highly creative smart contract experiments, far from the choice of "serious" investors. However, by 2025, Ethereum has become the focus of Wall Street.
Goldman Sachs perfectly embodied the mindset of traditional institutions in 2021, when they disparaged Ethereum as "too volatile and speculative" and called it "looking for solutions to problems." Their research team argues that smart contract technology is overhyped, with limited real-world applications, and "no legitimate use case" for programmable currencies for institutional customers. They are not alone, JPMorgan Chase calls them "pet stones", and traditional asset managers avoid them.
However, this view is like when the internet was called "
DeepFlowTech·2025-06-05 06:35