Castle Island Ventures Partner: L2 is too greedy, leading to poor performance of Ethereum
Golden Finance reports that the ETH/BTC exchange rate has reached its lowest level in nearly five years, with some investors even referring to ETH as a "completely dead" investment. Nic Carter, a partner at Castle Island Ventures, believes that "ETH died by its own hand," because L2 was too greedy, leading to declines in Ethereum's trading activity, user growth and fees/income. Ethereum can be seen as a network with practicality but it is "absolutely not" an investment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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