Vitalik points the way to the bull market: Deconstructing the three pillars that drive the Ethereum value flywheel
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币界网报道：Vitalik Buterin, the founder of Ethereum, used the cartoon image of a "bull" to symbolize the transformation of Ethereum's value paradigm in 2025. This article analyzes the evolution of Ethereum's three core values - "digital oil", "value storage" and "global reserve assets", and explores the value changes of Ethereum in the process of becoming a mainstream asset.
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