Ethzilla Mcandrew Rudisill CEO has revealed that he had made a decision to enter ETHEREUM after he saw his capabilities in the global transfer market almost trillion dollars.
Two months later, the biotechnology company, which was previously floundering, is now the eighth largest ETHEREUM ministry in the world.
“Ethereum is a gateway to supply cash worldwide to the dollar in US dollars,” Mogardo Rhodesel, CEO of Etzella, told Cointelegraph.
The company has started life as Life Science Corp, a biotechnology company listed on the Nasdaq Stock Exchange, which was renamed as Ethzilla Corporation in July, shortly after US President Donald Trump signed genius law in law, with the aim of setting rules for stability.
He said: “There are a lot of asset applications in the real world that will be able to use Ethereum for them, and they are on their way now,” noting the ETHEREUM function as a valuable store as well.
Ethzilla is the eighth largest ether company (ETH) out of 69 Running It holds more than 102,000 symbols.
Rhodesel said that the company decided to move forward with the ether specifically because “the race is now”, to determine which Blockchain is the best, and “the horse has left the barn”, on ethereum.
“Many new networks created on layer 2 will actually be networks that interact with what we call traditional financial activities in the world today, whether they are organized credit, and all types of Wall Street applications.”
Ethzilla wants “the largest possible amount of ether”
BitMine Mysersion Technologies is the largest company for the Atheer Treasury, with a value of more than 2.65 million symbols, which are worth more than $ 11 billion, and has set a goal in obtaining 5 % of symbolic supply.
Rhodesel said that Etzella has no specific number but wants to get “the largest possible amount of ether”, and put it on “working in a variety of different L2 protocols” to generate “a large return” return “of normal fatigue.
“We take the money from the ether to publish it to buy more and actively help in building the L2 network, because this in the end will allow Ethereum expansion,” said Rodesel.
“The reason for the presence of Ethzilla is that we want to be this bridge between what is going on with traditional financing and what is happening in the world of digital financing. So a lot of Ethereum helps us to do so.”
The price of the ether will rise from the growth of stablecoin
The ether is traded for $ 4,148, According to To Coingecko, moved between $ 3,846 and $ 4226 over the past seven days.
Rudisill expects that the price of $ 20,000 for ether in the next few years is not completely unreasonable, because the price was in a unification pattern for years and is preparing to separate on the back of Stablecoin.
“Once you excel over $ 5,000, I think it will actually be a job primary pregnancy on infrastructure only as it is so tight that it will push each level up. I think we are in reality there.”
The genius law is still awaiting the final regulations before implementation, but analysts also expected it to be a main driver of the market.
Meanwhile, there are already $ 158 billion in Stablecoin transactions on Ethereum, According to To the Data Data Analysis platform, compared to 77 billion dollars on the second largest network, TON.
More Air companies are likely to appear
In total, the ether cabinet companies have 5.5 million ether – about 4.54 % of the distinctive symbol supply. Rudisill predicts that there may be more companies that dive, but they are also skeptical that everyone will remain in the long run.
“I think there will be a wide variation in the quality teams and management teams, and I think there are many who do not already have a business model built around it to maintain business,” he said.
At the same time, Rudisill believes that more governments will start participating in Crypto as well while fighting to avoid losing the boat.
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“There is general acceptance that the financial infrastructure that we have in many places is old, and they realize it, and if they do not participate in what is going on with digital assets, they will be left behind,” Rhodesel said.
“For this reason, I think you have seen large banks and financial institutions and people start talking about other digital assets and accepting bitcoin as a guarantee, just because we are in a transitional period worldwide.”
Founded in 2016 as a biotechnology company for the clinical stage, life was science in 2020, but after its initial public launch, the shares decreased by more than 99 % in the past five years.
The sharp decline is mainly due to the lack of losses in revenues and escalating, but since the Ethereal Ethereal axis, the arrow has registered He won 44 % for this year, with her best month in August when she waged to $ 10.70.
Rudisill said that although it is correct that many small public companies are without restructuring or wreck, Ethzilla is different.
He said: “We are not just a play for the Treasury Treasury, as we build a protocol to generate cash flow with more than a billion dollars of assets.”
“Our focus is on the development of technology in the long term and the real benefit, not short -term financial maneuvers. The brand and axis reflects a clear strategy for growth and innovation, and not a reactionary step for stock performance.”
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