Ryan Sean Adams, a crypto investor, who is the founder of Mythos Capital, has recently acknowledged that Ethereum (ETH) represents both a peace-time asset and a war-time asset.
He made this opinion known on 17th April 2020, through his official Twitter handle. The tweet is titled “One reason I like ETH”.
He stated that Ethereum (ETH) is not dependent on a fiat system to record outstanding performance, but would rather benefit from the non-sovereign asset.
He then averred that the digital currency will always benefit from any condition, as long as the world is still in existence. Conclusively, he said Ethereum (ETH) represents both a peace-time asset and a war-time asset.
Ryan Sean Adams shared this, “One reason I like ETH: It’s not dependent on a complete armageddon of the fiat system to do well. Don’t get me wrong, it would benefit from this as a non-sovereign asset. But it’ll also benefit if the world doesn’t implode A peace-time asset. And a war-time asset.”
One reason I like ETH:
It's not dependent on a complete armageddon of the fiat system to do well. Don't get me wrong, it would benefit from this as a non-sovereign asset. But it'll also benefit if the world doesn't implode
A peace-time asset
And a war-time asset
— Ryan Sean Adams – rsa.eth (@RyanSAdams) April 17, 2020
What Time Are We? A Time of War against the New Coronavirus
At the moment, the whole world is fighting one common enemy, the new coronavirus, officially named COVID-19 by the World Health Organization.
This common enemy was first discovered in Wuhan China, and it has successfully humbled the powerful countries of the world, such as United States, China, Italy, Spain, United Kingdom, and some others alike, plummeting their economies, which forced them to create a means to make their citizens survive this trying time by initiating stimulus packages in trillions of Dollars.
In the midst of this global pandemic that kills over 800 people on a daily basis, making globally glorified assets to lose value, the cryptocurrency market has tried to save the day with price growth stability, but not without its usual price volatility.
Over the past hours, Ethereum (ETH), the second-largest cryptocurrency by market cap, has recorded the best performance among the top 10 digital currencies.
ETH was able to break above $170, one of its most difficult resistance levels. At the time of filing this report, ETH is trading at $173.63, with about 2% price upsurge in the last 24 hours.