Bankless Co-Founder Clarifies Reasons Behind Selling Entire ETH Holdings

Bankless co-founder David Hoffman has clarified in an interview with Unchained that his decision to sell all of his Ethereum was not driven by bearish sentiment or any intention to distance himself from the ecosystem.

Instead, he explained that the move came down to opportunity cost, adding that he currently sees stronger opportunities in other areas.

Building on this, Hoffman pointed out that Bankless was originally founded on the belief that ETH would serve as money. However, he now believes Ethereum faces challenges in being re-rated higher, citing a lack of coordination and execution as key factors limiting its ability to regain strong momentum.

Source: Unchained