Ethereum’s 10th anniversary celebration was marked by an uptick in institutional demand for Ether as an alternative treasury reserve asset, prompting Wall Street to look past Bitcoin.
Ethereum’s 10th anniversary was marked by a significant milestone in terms of institutional crypto adoption, as cryptocurrency treasury firms surpassed $100 billion in collective investments on Thursday.
Ethereum’s 10th birthday brought renewed corporate interest in Ether (ETH), which saw the 10 largest corporate crypto treasury firms amass over 1% of the total Ether supply since the beginning of June, according to a Tuesday report by Standard Chartered.
The bank predicted that corporations will eventually hold 10% of the total Ether supply, which may see the world’s second-largest cryptocurrency surpass the bank’s year-end target price of $4,000 per Ether.
