Economist Alex Krüger Explains How Ethereum Can Accelerate Its Performance
Macroeconomist Alex Krüger believes that Ethereum (ETH) has been performing slower than expected in the digital assets market. However, he suggests that the narrative surrounding spot market ETH exchange-traded funds (ETFs) could potentially change this situation.
Krüger points out that since many investors already hold ETH, it is difficult for its value to increase. He emphasizes that this does not mean a bearish outlook for Ethereum, but rather a relative underperformance compared to other assets. To speed up its performance, Ethereum needs the ETF narrative to gain prominence.
Although Krüger thinks it is unlikely that an Ethereum ETF will be approved as long as Gary Gensler remains the Chair of the SEC, he believes that if Donald Trump were to win the 2024 presidential election, Gensler would likely step down. This would open the door for Ethereum and other crypto ETFs.
The recent approval of spot market Bitcoin (BTC) ETFs by the SEC may increase the probability of an approval for spot market ETH ETFs in the future, according to Krüger.
At present, Ethereum is trading at $2,738, reflecting a 5.3% gain for the day.
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