Nansen CEO: Ethereum's utility and ETH's investment value are separate

Nansen CEO Alex Svanevik stated that while Ethereum is highly useful as a public blockchain, this does not automatically mean ETH is a valuable investment. In an interview with Bonnie Blockchain, he explained that the utility of a network and the investment value of its token are judged by entirely different criteria. Svanevik drew an analogy to the U.S. dollar, noting that while it is very important, no one considers it a long-term hold asset. He added that although Ethereum has succeeded as infrastructure, with the Ethereum Virtual Machine (EVM) becoming a development standard, this fact alone does not guarantee that ETH possesses scarcity and profitability as an asset.