{"id":38474,"date":"2025-07-24T00:46:32","date_gmt":"2025-07-24T00:46:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38474"},"modified":"2025-07-24T00:46:32","modified_gmt":"2025-07-24T00:46:32","slug":"ether-machine-boss-snubs-bitcoin-backs-ethereum-as-superior-bet","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38474","title":{"rendered":"Ether Machine Boss Snubs Bitcoin, Backs Ethereum As Superior Bet"},"content":{"rendered":"
\n

According to Andrew Keys, co\u2011founder and chairman of the Ether Machine, Bitcoin<\/a> feels like yesterday\u2019s tool.<\/p>\n

He told CNBC\u2019s Squawk show on July 21 that he\u2019d \u201crather have an iPhone than a landline<\/a>.\u201d<\/p>\n

Keys went on to say he owns zero Bitcoin, staking his entire belief on Ethereum. That move puts him in a small group of crypto backers who champion Ethereum without holding any Bitcoin.<\/p>\n

Ethereum Firm Backs GENIUS Act<\/h2>\n

Based on reports, Keys says the GENIUS Act<\/a> will be a game\u2011plan for growth. That law, approved on July 18, clears the way for US\u2011based stablecoin issuers by setting guardrails for audits, reserves and licensing.<\/p>\n

More than 50% of all stablecoins now run on Ethereum\u2019s smart\u2011contract network. If stablecoin volumes hit the predicted trillions, that share would drive big fee gains for validators and dApps alike.<\/p>\n

\"\"<\/p>\n

Smart\u2011Contract Network Attracts Institutional Flows<\/h2>\n

According to Keys, institutional players will flock to Ethereum<\/a> for settlements and real\u2011world tokenization. He compared Ethereum\u2019s stablecoin grip to Google\u2019s search dominance, noting Google has about 90% of all searches.<\/p>\n

Banks and funds, he said, will find it easier to handle cash\u2011like tokens on a network built for programmable money. That view echoes strategist Tom Lee of FundStrat, who recently said Ether could jump to $15,000 by year\u2011end. Lee, however, still holds Bitcoin as well as Ethereum.<\/p>\n


\nSPAC Listing Raises Big Money<\/p>\n

Based on filings, the Ether Machine<\/a> has teamed up with SPAC<\/a> firm Dynamix Corporation to list under the ticker ETHM on Nasdaq.<\/p>\n

Keys is putting in $645 million of his own funds as an anchor investment. The combined company aims to raise $1.5 billion to back a treasury of ETH, staking operations and DeFi strategies. Investors like 10T Holdings, Pantera Capital and Electric Capital have already signed on.<\/p>\n

Competition From Layer\u20112s And Other Chains<\/p>\n

According to on\u2011chain data, some activity is shifting to Layer\u20112 networks such as Arbitrum and Optimism. Rival blockchains like Solana and Avalanche also host parts of the stablecoin market and NFT trades. That trend could spread transaction fees away from Ethereum mainnet, curbing some of its expected gains.<\/p>\n

Based on market chatter, some analysts worry about a cliff in SPAC deal flow. Closing the ETHM merger depends on shareholder redemptions and SEC review.<\/p>\n

There\u2019s also regulatory risk over staking services, which the SEC may see as unregistered securities. Gas\u2011fee spikes during periods of heavy use could deter new users, too.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

According to Andrew Keys, co\u2011founder and chairman of the Ether Machine, Bitcoin feels like yesterday\u2019s tool. He told CNBC\u2019s Squawk show on July 21 that he\u2019d \u201crather have an iPhone than a landline.\u201d Keys went on to say he owns zero Bitcoin, staking his entire belief on Ethereum. That move puts him in a small […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38474","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38474"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38474\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}