Billionaire Peter Thiel is investing heavily in Ethereum through his Founders Fund

 billionaire investor Peter Thiel is betting on Ethereum to become the preferred platform for Wall Street RWA. His investment company, Founders Fund, has heavily invested in Ethereum-related assets and invested in several companies that hold Ethereum as a reserve asset, including ETHZilla and Bitmine. Peter Thiel's investment logic for Ethereum is that if Ethereum can become an alternative channel for clearing and settling dollars, stocks, and other assets outside the traditional financial system, then its native token will greatly benefit from the increase in network activity. However, Nansen's research analyst Nicolai Søndergaard pointed out that the idea of 'Wall Street rebuilding its financial infrastructure on Ethereum' seems more like a marketing pitch to attract people to buy Ethereum concept stocks.