COINOTAG News reported on December 24 that ether.fi CEO Mike Silagadze outlined cautious views on crypto as money. He argued that Bitcoin falls short as a currency, and ETH is not yet credible as money. He stressed the ultimate form of money remains unsettled.

He noted ideas exist for an ideal currency, but no clear design has emerged, and he believes the next generation of money is likely to be built on Ethereum. The remark underscores Ethereum‘s role in programmable money through smart contracts.

Analysts see this stance as part of a broader debate on whether major crypto assets can function as store of value or medium of exchange. If Ethereum-driven primitives mature, investors may focus on Layer 2 scalability, cross-chain interoperability, and regulatory clarity within the crypto market.