Vivek Raman

Etherealize @Etherealize_io | ex-Wall St high yield credit trader | @MorganStanley @UBS @Nomura @BitOodaCompute @Yale

[Vivek Raman @VivekVentures]

Etherealize's core thesis - decentralization means:

- A network, just like the Internet, that is owned by none, and accessible by all
- For Ethereum, trust without a single point of failure
- Institutional resilience, maximum security, and minimized counterparty risk

(1/3)

[Leo Lanza | Lanza.eth @leolanza]

🚨 HISTORIC MOMENT FOR ETHEREUM 🚨

@VivekVentures, CEO of @Etherealize_io, just delivered a powerful testimony to Congress:

✅ Ethereum is the most secure + decentralized settlement layer
✅ $140B in stablecoins + $10B in tokenized assets
✅ Time to 100x innovation with the Clarity Act
✅ Real-time payroll, DeFi, tokenization — all happening on ETH

“We are going to change history by embracing the next phase of the internet.”

📺 Watch it. Share it. Be proud.
Ethereum is the future. 🧱🌐🔥

[Etherealize @Etherealize_io]

Vitalik Buterin explains why proof-of-stake is more secure than proof-of-work

“I think proof of stake is very secure because to attack the system, you need to have basically as much stake as the rest of the network. Right now, for example, we have 5 million ETH staking, which means you have to come up with 5 million ETH and then join the network.”

At the time of this writing, more than 37 million ETH are being staked, with 3 million ETH waiting to join via the validator queue. At today’s prices, that’s more than $80 billion of ETH someone would have to acquire to attack the network and revert finalized blocks, which is more than the cost of attacking even the Bitcoin network by some estimates.

The other defense mechanism that proof-of-stake has that proof-of-work doesn’t is slashing, which makes Ethereum antifragile. Vitalik explains:

“Recovering from attacks is much easier in proof-of-stake than proof-of-work. For many kinds of attacks you do against [the Ethereum] network, we have this concept of automatic slashing. In order to revert a finalized block, you basically have to have a big portion of your validators sign two conflicting messages. This is something where once these messages are on the network, you can go and prove ‘these people did it.’ So we have this feature in the protocol where you basically take all these people who provably misbehaved and you burn their coins.”

Vitalik also acknowledges the possibility of censoring attacks, where if 1/3rd of validators refuse to attest, the chain can’t finalize. But, as he explains, Ethereum has a contingency plan for this as well:

“Everyone who got censored would create a minority chain, and the community would have to do a soft fork. The would have to say, ‘this chain is clearly attacking us and this one is not attacking us, so we’re going to join this chain.’ Then what happens is, on that new chain, the attackers also lose a lot of coins. The difference between proof-of-stake and proof-of-work is that in a proof-of-stake system, you can identify specific participants — and this isn’t a human going in and saying ‘I don’t like you’. It’s all automated.”

One last benefit of proof-of-stake is that security scales with the value of the network. As Vitalik put it five years ago, it is really relative security, and not absolute security, that matters:

“The security needs of a thing have to be proportional to the size of that thing, because as a thing gets bigger, its enemies become bigger and more well-motivated. If BTC were 100x as big as it is today, the value from destroying it would be 100x higher, and the kinds of actors that would want to care about destroying it would be much bigger and scarier. This is also why countries of all sizes have roughly similarly sized militaries as a percentage of GDP. Hence, cost of attack divided by market cap really is the correct statistic to measure, and in the long run issuance-free PoW really does look not that good."

Source: @lexfridman (Jun 2021)

[Etherealize @Etherealize_io]

Standard Chartered’s Geoffrey Kendrick explains his $40,000 ETH price target by 2030

“I think a lot of [tradfi activity] happens on Ethereum Layer 1. I think about how BlackRock rolled out BUIDL, for example — all on layer 1 Ethereum… which I think is a more logical playbook for how tradfi will approach this buildout in the next year. And if you assume that more activity equals higher token price — which I think is correct (today I find the best measure is fees paid on the applications or protocols built on the Ethereum network) — I think that means ETH outperforms now and for the foreseeable.”

Geoffrey Kendrick is the Global Head of Digital Assets Research at Standard Chartered and former Head of Asia FX & Rates Strategy at Morgan Stanley. He believes the ETH/BTC ratio will go from 0.03 today to 0.04 by the end of 2026, which is a $4,000 price target for ETH at $100,000 BTC.

“My long-term forecast is $500,000 BTC by 2030 and $40,000 Ethereum by 2030… roughly 20x [for Ethereum], but a huge outperformance [versus Bitcoin] as well. And it’s because all the use cases we’ve been talking about, will almost all happen on Ethereum.”

Source: @MilkRoadMacro @milkroaddaily (Mar 2026)

[Joseph Chalom @joechalom]

https://t.co/4sOm6TYyeY

[JoshETH.eth 🏦 Chief Ethereum Capital Officer* @JoshwaaaDixon]

"In retrospect, the headline will be - the global financial system's internet moment happened on Ethereum." -@VivekVentures

$ETH

[Etherealize @Etherealize_io]

"A year and a half ago it was: dip your toe in. Now it's: jump in head first," Etherealize Co-founder & CEO @VivekVentures told @CoinDesk the quiet part out loud: Wall Street is done piloting @ethereum. 🧵

[Etherealize @Etherealize_io]

Erik Voorhees: “ETH is still the king, and I don’t see it being dethroned"

The founder of ShapeShift and Venice AI is asked if Ethereum was a “sustainable ecosystem.” He replies:

“I think [Ethereum] is more than sustainable. I think it is the clear winner of the smart contract innovation. It actually wasn’t the first mover in smart contracts, but it was the first one to achieve any sort of scale with smart contracts. What’s most important about Ethereum isn’t so much the first-mover advantage as much as it is the network effect it has had since it was released.”

Erik continues:

“I think both Bitcoin and Ethereum have achieved a network effect that is close to unassailable. People have gotten distracted with some of these other L1s, but if you look at metrics like where the developers are and where stablecoin volumes are, these are hard to fake metrics that are very important. They’ve always been predominantly on Ethereum. It’s not even close. I’m glad that other people tried to build L1s. The process of innovation and competition is really important. But ETH is still the king, and I don’t see it being dethroned. It has had various scaling challenges — the patchwork of L2s and the UX problems between them sucks. But I have a suspicion that Base is going to end up becoming the predominant L2 on top of the predominant L1 of ETH and that vertical is going to be very powerful and very strong. So yes, I’m always bullish on ETH in the same way I’m always bullish on Bitcoin.”

However, Erik warns that if Base loses its permissionlessness it “will flounder and deserves to die”:

“Base has designed things very well. It has gotten a lot of adoption and very quickly became the major L2 even though it was not the first mover. I think it’s gaining a network effect pretty quickly. It obviously has a very powerful corporate ally in Coinbase, and to the degree that Coinbase does not abuse that privilege, that’s a very good privilege. Abuse here means: if Coinbase tries to exert control over base such that it loses its permissionlessness, then it will flounder and deserves to die. But Coinbase has been a very good actor in this regard, and they deserve a lot of credit for demonstrating the principles of decentralization and permissionless innovation in several parts of what they do. Obviously the centralized exchange is not that, but it’s not trying to be either.”

Source: @CoinDesk (Dec 2025)

[Etherealize @Etherealize_io]

Danny Ryan on why Wall Street cares about Ethereum's decentralization

Etherealize co-founder and a key architect behind Ethereum’s transition to proof-of-stake is asked if Wall Street institutions care about “decentralization.”

“That’s not the right word,” Danny replies. “They care about counterparty risk.”

He explains:

“They care about — in a transaction or a particular market — who can screw me over? And if the infrastructure is decentralized, nobody can turn it off, and their transactions will execute as intended . . . [that’s an] elimination of counterparty risk. That’s the operative lens of how they view the world, and if you explain how these systems work to them — and the difference between Ethereum and alternatives — they’re like, ‘Oh yeah, we do love decentralization because we have risk models and this helps us on our risk model.’”

Danny jokes:

“I’ve been looking for a customer of decentralization other than the cypherpunks I hung out with for the past 8 years, and I found it on Wall Street.”

As long as you speak the right language and frame it the right way, Ethereum’s decentralization is deeply important to Wall Street institutions.

[Vivek Raman @VivekVentures]

@JustinPesola3_0 @Etherealize_io @gphummer @dannyryan @zachobront Welcome aboard 🚀

[Justin Pesola @JustinPesola3_0]

Exciting news! Today I joined @Etherealize_io as Head of Mktg. I join an amazing team: @VivekVentures @gphummer @dannyryan, & @zachobront among others.

Just as the internet transformed information movement, blockchains are transforming asset movement.

Let's keep building.

[shibatarzan.booe.eth @Cryptotarzan19]

Vivek Raman just said that $ETH is better money then $BTC

And it makes totally sense if we compare the fundamentals of both🙏

[ETHConf @ethconf]

Wall Street is moving onchain quietly, one desk and one product at a time. The migration is already underway.

@VivekVentures of @Etherealize_io with @AshleyStanhope of Hardfork Media on the Main Stage at ETHConf.

[Vivek Raman @VivekVentures]

@dcfgod @drjasper_eth 💯

[Vivek Raman @VivekVentures]

2/ ETH is productive money.

https://t.co/gVtk6wF4BZ

[Vivek Raman @VivekVentures]

1/ ETH is the best positioned asset:

- To become self sovereign money
- To have a native, uncorrelated yield
- To be globally censorship resistant
- To have customizable privacy
- To be quantum resistant
- To stay decentralized
- To achieve the potential BTC was supposed to

[RYAN SΞAN ADAMS - rsa.eth 🦄 @RyanSAdams]

The Ethereum not ETH stuff is the mental fallacy that triggered me into writing and podcasting in the first place.

There is no strong Ethereum without an ETH worth trillions. Without ETH as a global store of value, Ethereum is a failed project. Full stop.

ETH is economic bandwidth for DeFi. It is the only asset maximized for CROPs, fail at high value ETH, fail at CROPs, fail at Ethereum.

Saying you’re bullish Ethereum not ETH is like saying you’re bullish America not the American economy. They are one and the same - economic engines.

Better to admit Ethereum is a failed project than “Ethereum not ETH”.

So spew that weak blockchain not crypto stuff out of your mouth, it doesn’t make sense for BTC, ZEC, ETH, or any truly crypto native project.

[Vivek Raman @VivekVentures]

And respect to @TrustlessState for staying in ETH for so long and inspiring so many. I’ve lifted with David and he’s a beast.

Just feels like the best era for Ethereum (yes, and ETH) is yet to come.

[Vivek Raman @VivekVentures]

The author of this piece was a big reason I got into ETH in the first place.

And it’s why I’ll stay until the job is done (and forever afterward too).

[David Hoffman @TrustlessState]

Who’s the biggest, most coherent $ETH bull on the timeline?

Would love to have a conversation with them

[Vivek Raman @VivekVentures]

ETH is a call option to be then next productive monetary asset

Institutions are building on Ethereum. While BTC has structural flaws, ETH is structurally robust

ETH will flip BTC; ETH will be one of the most pristine store of value assets; ETH will win.

https://t.co/Fx6vVw4KeN

[Vivek Raman @VivekVentures]

@TrustlessState Please chat with @caseycathcart78

Strongest Ethereum bull - literally

[Vivek Raman @VivekVentures]

@caseycathcart78 +1