Ethereum’s Role in the Modern Portfolio

ETH is a growth asset: it is a bet on the growing network effect of an exciting new information substrate. It is a bet that more billion-dollar applications will be built on the Ethereum blockchain. It is closest to a basket of early-stage, high-growth technology stocks that provides investors exposure to the explosion of next-gen smart contracts and decentralized applications. In this sense, investing in ETH is like investing in the future of the internet. We expect the value of ETH to increase as the Ethereum blockchain solidifies its position as the preferred blockchain for the next iteration of the internet...