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Ethereum lacks a ‘simple one-liner’ elevator pitch for boomers — Analysts

While Bitcoin is often marketed as "digital gold," Ethereum hasn't quite found its simple elevator pitch yet, according to crypto analysts.

Ethereum (ETH) is lacking an “easy-to-understand” sound bite that will attract the baby boomer generation towards spot Ether exchange-traded funds (ETF), according to analysts.

“Ethereum still has no elevator pitch, despite years of attempts,” Glassnode lead analyst James Check aka “CheckMatey" wrote in a May 24 post on X, following the United States Securities and Exchange Commission’s (SEC) approval of eight spot Ether ETFs on May 23.

“Does a simple one-liner like that exist for Ether? If so, what is it?” added Bloomberg ETF analyst Eric Balchunas, while suggesting that a potential obstacle for the success of spot Ether ETFs will lie in how it resonates with those investors in the 60-80 year old age range.

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Bitcoin ETF Approval Expected by Month’s End, Prominent Hedge Fund Puts More Weight Behind BTC

Bitcoin ETF Approval Expected by Month’s End, Prominent Hedge Fund Puts More Weight Behind BTCThe price of bitcoin soared past the $55K handle on Wednesday for the first time in four months giving proponents hope the crypto bull run has been re-ignited. Speculators are predicting a bitcoin exchange-traded fund (ETF) will be approved soon and some believe bitcoin will outperform other crypto assets this month. ETF Analyst Eric Balchunas […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum