BlackRock executive: Many people believe that Ethereum’s appeal lies in its practicality

On July 23rd, Bloomberg ETF analyst Eric Balchunas posted on social media that "Blackrock released a video featuring its US thematic and active ETF head Jay Jacobs promoting Ethereum to the general public. While many people believe that Bitcoin's main appeal lies in its scarcity, many others believe that Ethereum's appeal lies in its utility. You can think of Ethereum as a global platform for applications that can run without the need for decentralized intermediaries."