On July 14, Bitwise CEO Hunter Horsley stated, "Ethereum is not competing with Bitcoin; its true competitors are Web 2.0 and traditional financial service software.
In the next 6 to 12 months, the crypto market will move beyond the 'CoinMarketCap era', which is the view that every crypto asset is essentially the same except for market capitalization.
We will begin to realize that the opportunities between different blockchains are diverse, just as 'apps on the iPhone' may have similar underlying technologies but vastly different uses and business potential."
