Ethereum (CRYPTO: ETH) was born from the perceived limitations to adding functionality to Bitcoin. Launched in July 2015, Ethereum has skyrocketed nearly 93,000% in value since its public release, even though it remains more than 40% off its peak price.

Is the world's second-most-valuable cryptocurrency, with a current market cap of about $350 billion, fulfilling its potential as an incredible disruptor? I'm not so sure. Here are three reasons I'm bearish on Ethereum.

Let's first try to understand why there's so much hype surrounding Ethereum and its long-term potential. Thanks to the blockchain network having functionality for smart contracts, many bulls believe that Ethereum can disrupt numerous industries, particularly those that depend on expensive intermediaries, by giving power and value back to the users.

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Source Fool.com