Arca’s Jeff Dorman Calls Vitalik Buterin’s ETH Store-of-Value Pitch ‘Really Misguided’

Jeff Dorman said on Unchained that Ethereum co-founder Vitalik Buterin ‘s case for ETH as a store of value is “really misguided.” Dorman, chief investment officer at crypto investment firm Arca, spoke on Thursday’s livestream. Buterin laid out the case in an X thread on Nov. 8, saying ETH makes more sense as a store of value than as a “fee-burning token,” the role tied to EIP-1559, the fee change that came with Ethereum’s London upgrade in August 2021 and burns each transaction’s base fee.