#ETH走势分析 ether.fi CEO Mike Silagadze said in an interview, "For various reasons, I believe that Bitcoin is not a good currency. I don't think ETH is particularly good money either. I believe the final form has not yet arrived. I have some ideas, but I don't have a clear concept of what the ideal currency looks like, although I do think it will likely be built on Ethereum. I'm quite sure about this."
The reason his viewpoint is worth exploring is that he is not simply a bear, but a deep participant and builder in the Ethereum ecosystem.
1. Speaker's Identity: Core Builder of the Ethereum Ecosystem
Mike Silagadze founded ether.fi, which is one of the leading protocols in the current Ethereum liquid staking and re-staking arena, with the vision of "helping 100 million users enter crypto" and becoming a channel for mass adoption. His stance represents absolute confidence in the potential of Ethereum's infrastructure, rather than a simple bullish outlook on ETH assets.
2. Comparison of Views: His Past "Bullish" Logic
Interestingly, just a few months ago (June 2025), he participated as a co-author in publishing an institutional report on Ethereum, which defined ETH as the "digital crude oil" driving the digital economy, and believed it was severely undervalued.
This is not entirely contradictory to his current statement that "ETH is not good money." The report emphasized the value of ETH as a "productive asset" and "ecological fuel" from an investment and practical perspective; while the statement about "good money" is judged from the ideal attributes of currency (such as stability and payment efficiency). This precisely illustrates that, in his view, the value of Ethereum far exceeds the definition of a "currency."
3. Connection to Macro Narrative
· Reflection on the function of "money": Echoes the classic discussion about Bitcoin being "digital gold" (value storage) rather than everyday currency.
· Definition of the future: He believes the ideal currency will "be built on Ethereum," which is highly consistent with Ethereum's positioning as a global settlement layer and decentralized application platform. This is similar to countries like Ghana exploring the construction of new payment settlement tools using blockchain technology, but with a more fundamental intent.
