While there remains widespread skepticism around
$ETH, the rise in the ratio of ETH/BTC signals investors are anticipating improving visibility of "use cases" for crypto
This is a good thing
2/
"Over the past few days, investors have become more optimistic about the passage of the Clarity Act with prediction markets now seeing approximately 50% probability, the highest odds in two weeks.
We believe regulatory clarity is an important milestone, enabling crypto, particularly smart contract platforms like ethereum to benefit, as crypto becomes part of our everyday life.
Already, ethereum L2 run in the background processing USDC transactions for Shopify and even Visa.
Therefore, the rise in the ETH/BTC ratio in the past few days make sense as markets start to see greater chances of Clarity Act passage,"
stated Thomas "Tom" Lee, Chairman of Bitmine.