Wall Street Gets Ethereum's 'Digital Oil', Says Etherealize Co-Founder Vivek Raman
Oil has historically been a strategic commodity, and Ethereum is being compared to it as "digital oil." Vivek Raman, co-founder of Etheralize, aims to onboard Wall Street by promoting Ethereum's utility. Bitcoin is likened to digital gold due to its scarcity, while Ethereum's supply grows at a fixed rate of 1.5% annually, with transaction fees burned, limiting its inflation. Unlike oil, which has elastic supply, Ethereum's issuance is predictable. Staked Ethereum offers an estimated yield of 3% annually. Financial institutions are expected to embrace tokenization of real-world assets, with Ethereum being a platform for this trend. As more assets are tokenized, Ethereum may serve as a neutral global asset, connecting various industries and acting as a strategic trading pair.
