Peter Thiel heavily bets on Ethereum, wagering it will become the preferred platform for RWA on Wall Street.

[Coin World] reported that billionaire investor Peter Thiel is betting that Ethereum will become the preferred platform for Wall Street's RWA, and his investment firm Founders Fund has heavily invested in Ethereum-related assets and invested in several companies that use Ethereum as their reserve asset, including ETHZilla and Bitmine. Peter Thiel's investment logic in Ethereum is that if Ethereum can become an alternative channel for handling the settlement of dollars, stocks, and other assets outside the traditional financial system, its native token will significantly benefit from increased network activity. However, Nicolai Søndergaard, a research analyst from a data platform, pointed out that the so-called 'Wall Street rebuilding its financial infrastructure on Ethereum' is more like a marketing pitch to attract people to buy Ethereum concept stocks.