1/
I am loving this $BTC narrative that’s minimizing $ETH
Do I think $BTC will rise faster in the short-term? Yes
Do I think $ETH will outperform $BTC in the medium-term? Yes
Why? Because the main argument against $ETH right now is it has no value accrual
More 👇
I am loving this $BTC narrative that’s minimizing $ETH
Do I think $BTC will rise faster in the short-term? Yes
Do I think $ETH will outperform $BTC in the medium-term? Yes
Why? Because the main argument against $ETH right now is it has no value accrual
More 👇
2/
"There's no way it competes with base money," they say
I could care less about that... no one longing $ETH right now is doing it bc they think it’s a “better bitcoin”
They’re buying it bc they see all the useful things being built on top of it
"There's no way it competes with base money," they say
I could care less about that... no one longing $ETH right now is doing it bc they think it’s a “better bitcoin”
They’re buying it bc they see all the useful things being built on top of it
4/
People buy and hold $BTC. People buy and USE $ETH
They even pay more for that right (see below)
People buy and hold $BTC. People buy and USE $ETH
They even pay more for that right (see below)
https://twitter.com/MessariCrypto/status/1314245644538834946?s=20
5/
That makes the investment thesis is easy. $ETH is fuel for transactions. If EIP-1559 passes, $ETH will stop inflating and start becoming scarcer
More transactions -> higher $ETH prices
That makes the investment thesis is easy. $ETH is fuel for transactions. If EIP-1559 passes, $ETH will stop inflating and start becoming scarcer
More transactions -> higher $ETH prices
6/
Selling a Paul Tudor Jones or Michael Saylor on $BTC is hard AF. It takes years.
Once someone like that is sold on $BTC, selling them on $ETH and #DeFi is easy.
They will own both
They're talking $BTC in public
My guess is they're buying $ETH in private
Long $ETH
Selling a Paul Tudor Jones or Michael Saylor on $BTC is hard AF. It takes years.
Once someone like that is sold on $BTC, selling them on $ETH and #DeFi is easy.
They will own both
They're talking $BTC in public
My guess is they're buying $ETH in private
Long $ETH
Coda: I am long as shit $BTC, and own more than I do $ETH.
You can believe both will outperform.
You can believe both will outperform.
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