A Rotation into ETH
This is the major macro theme of the next 10 years. I'm hearing it across degens, whales, institutional and HNW.
Let's consider this from an asset-allocation standpoint: while you have BTC as a reserve asset, it just doesn't have the utility, user-experience, or composability that Ethereum has.
On the one hand, you have this inert substance, and on the other hand you have the replacement for the global financial system (and more) 👇
This is the major macro theme of the next 10 years. I'm hearing it across degens, whales, institutional and HNW.
Let's consider this from an asset-allocation standpoint: while you have BTC as a reserve asset, it just doesn't have the utility, user-experience, or composability that Ethereum has.
On the one hand, you have this inert substance, and on the other hand you have the replacement for the global financial system (and more) 👇
Let's look at Replacement Value:
If BTC = Gold
- Gold = $23.3 T
- BTC = $2.2T
- Upside potential = 10x roughly
If ETH = Banking + Insurance (this is a myopic view, mind you). Add up total market cap of global banks + insurance companies, alongside payments from SWIFT, ACT, Visa, Mastercard, ...
- Replacement Value = $23T
- ETH = $538B
- Upside potential = 43x
BTC won't replace Gold though, it'll sit alongside the various types of reserve assets as one of many. In ETH's case, however it's functionally more superior/streamlined than it's counterparts and the capital markets will slowly erode at and eradicate the conventional rails.
This is a no-brainer.
If BTC = Gold
- Gold = $23.3 T
- BTC = $2.2T
- Upside potential = 10x roughly
If ETH = Banking + Insurance (this is a myopic view, mind you). Add up total market cap of global banks + insurance companies, alongside payments from SWIFT, ACT, Visa, Mastercard, ...
- Replacement Value = $23T
- ETH = $538B
- Upside potential = 43x
BTC won't replace Gold though, it'll sit alongside the various types of reserve assets as one of many. In ETH's case, however it's functionally more superior/streamlined than it's counterparts and the capital markets will slowly erode at and eradicate the conventional rails.
This is a no-brainer.
ETH as a reserve currency
Beyond the Fin'l system replacement value, let's consider ETH as a fiat replacement. It's incredibly easy to use as a currency and with the native yield curve evolving (i.e. fixed rate staking), it opens up the asset for sovereigns and traditional fixed-income players to facilitate longer-term economic integration.
Think of ETH as a supra-national, like the EU, and the need to trade/hedge risks accordingly between integrated economies.
Beyond the Fin'l system replacement value, let's consider ETH as a fiat replacement. It's incredibly easy to use as a currency and with the native yield curve evolving (i.e. fixed rate staking), it opens up the asset for sovereigns and traditional fixed-income players to facilitate longer-term economic integration.
Think of ETH as a supra-national, like the EU, and the need to trade/hedge risks accordingly between integrated economies.
Why has this taken so long?
Ethereum has far less natural marketers whereas BTC's early proponents are disproportionately loud (not a bad thing). ETH's founders, founding community, and present-day infra builders are more concerned with the technology, scalability, and applications. They're so deep in the tech-weeds they don't know how to speak Wall Street.
No doubt, they'd like the price of ETH to rise, but they're busy doing vs talking.
Ethereum has far less natural marketers whereas BTC's early proponents are disproportionately loud (not a bad thing). ETH's founders, founding community, and present-day infra builders are more concerned with the technology, scalability, and applications. They're so deep in the tech-weeds they don't know how to speak Wall Street.
No doubt, they'd like the price of ETH to rise, but they're busy doing vs talking.
Why is this changing? Why is this the inflection point?
ETH Treasuries - It's a classic Hype vs Fundamentals trade. With BTC hype waning, it gives Fundamentals a time to shine.
The DATs like @BitMNR with @fundstrat , @SharpLinkGaming with @ethereumJoseph have both money and incredible marketing engines supporting them - they know how to speak Wall Street, they know the BTC hype is taking a breather, and they know it's time to push a new narrative - one of ETH's fundamentals.
ETH Treasuries - It's a classic Hype vs Fundamentals trade. With BTC hype waning, it gives Fundamentals a time to shine.
The DATs like @BitMNR with @fundstrat , @SharpLinkGaming with @ethereumJoseph have both money and incredible marketing engines supporting them - they know how to speak Wall Street, they know the BTC hype is taking a breather, and they know it's time to push a new narrative - one of ETH's fundamentals.
Scaling, Infra - and why it's important...
On our end at @ETHGasOfficial:
- we've enabled Ethereum to have sub-millisecond confirmations (almost) as fast as Wall Street
- we've introduced a yield curve at the very fabric of this emerging supra-national
...and there's a whole host of other scalers out there
But what does all this infra mean for ETH, the asset?
On our end at @ETHGasOfficial:
- we've enabled Ethereum to have sub-millisecond confirmations (almost) as fast as Wall Street
- we've introduced a yield curve at the very fabric of this emerging supra-national
...and there's a whole host of other scalers out there
But what does all this infra mean for ETH, the asset?
Increases to both Asset Returns + Yields
Take our realtime initiative for example, this:
- drives boatloads of demand for Ethereum blockspace
- increased blockspace demand drives higher staking yields
- higher staking yields drives more demand for ETH (the asset)
It's not just a Rotation into ETH, it's a virtuous circle.
Believe in somETHing 🚀🚀🚀
Take our realtime initiative for example, this:
- drives boatloads of demand for Ethereum blockspace
- increased blockspace demand drives higher staking yields
- higher staking yields drives more demand for ETH (the asset)
It's not just a Rotation into ETH, it's a virtuous circle.
Believe in somETHing 🚀🚀🚀
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