Hyperscaling blockchains and Founder of @ethgasofficial
Aug 29 • 7 tweets • 2 min read
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) 👇
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.
