Famed investor Fred Wilson: The demand side of Ethereum is taking off, driving up the price of ETH coins

Fred Wilson, an investor in well-known Internet companies such as Twitter and co-founder of Union Square Fund, said in his blog yesterday that the vast majority of crypto blockchain networks in the past 12 years have been mainly about buying, holding and speculating. These behaviors to block the supply side of the chain network provides financial support, "but the etheric fang and some block chain network is to change the status quo, you need the ETH to do things on the etheric lane network, such as like me to buy domain name, P2P financial, buying art, horse racing games and so on. The more people buy the ETH, the faster growth in demand side, Ethereum is going to get more and more valuable." "Of course there may be a new wave of speculation going on, but I think the demand side has taken off," he warns.