How in the world do you get to 5% and are you serious about that number. Well, Micro Strategy is 3.2% of the network's circulating supply right now. Micro Strategy wants to get to at least a million Bitcoin.Micro Strategies achieved the 3% in 5 years. So, they were buying basically 16 cents worth of Bitcoin a day every day for the last 5 years. Bit mine, if you look at it from inception to now, has added about 80 cents to a dollar per day in Ethereum.So it's about 12 times faster than Micro Strategy. So we ...

Industry Analysis - The industry reflects on the early relationship with Bitcoin, suggesting missed opportunities for Ethereum to capitalize on Bitcoin's momentum [1] - The industry considers the hypothetical scenario where Ethereum originated as a fork of Bitcoin, transitioning to proof of stake [1] Strategic Considerations - The industry contemplates that Ethereum could have potentially become the dominant version of Bitcoin [1]

the social aspect of uh coordinating around ETH just being an asset that companies can have as part of their treasury is good and uh valuable and uh having different vehicles for people to have uh access to ETH which is I think one of the reasons why people are buying into treasury companies instead of just huddling ETH directly is uh also good. Giving people more options is good. There's always people in all kinds of different financial circumstances.If you woke me up 3 years from now and told me that trea ...

Market Sentiment - Skepticism is necessary for markets to rise; universal bullishness signals a market top [1] - A bubble forms when widespread bullish sentiment fails to translate into market gains [2] - The current market rally is viewed with skepticism by institutional clients, suggesting further upside potential [1] Investment Strategy - The non-consensus view that stocks should rise strengthens the case for investment [1] - Rising digitalized treasuries do not necessarily indicate a bubble [1]

I think the upside case for ETH is actually higher than let's say Bitcoin did 100x. You know, could Ethereum do 100x. I think that that could happen because there is a significant probability that Ethereum could flip Bitcoin as well in terms of network value.So then if someone thinks Bitcoin's at a million, then imagine what it means for Ethereum because it is not just Wall Street financializing onto blockchain, but it's AI, but it's also part of the US focus on AI dominance, right. Ethereum plays a strateg ...

Let's get to the main event. This is uh Tom Lee becoming the largest ETH holder in the world. At least publicly disclosed, probably the largest ETH holder in the world.This happened earlier this week on August 4th. Bit mine immersion, that is Tom Lee's Ethereum treasury buys another $28,000 ETH worth $757 million. >> That's a lot of ETH. >> That's a lot of ETH.You want to look at this on the >> Who the hell sold $750 million of ETH to Tom Lee. >> Not me. I would never do that.Look at these buys. From July 8 ...

Everyone was sort of dunking on Ethereum back then because it bled against Bitcoin for so long. But really the altcoin market doesn't really go up against Bitcoin itself until ETH Bitcoin bottoms, right. So I think that was what a lot of people missed that kept calling for all season.It's like you can't really have all season if ETH Bitcoin keeps going down because ETH is arguably the index for the altcoin market. It kind of exists somewhere between Bitcoin and altcoins. Again, if you look at the last coupl ...

Sometimes it just makes more sense to bet on the best in the asset class. And for me, that's just Bitcoin and Ethereum. Is it possible that you get an alt season.It is, but I don't think the conditions are aligned for it until altcoins go to the range lows. So, I think it makes sense to fade the alt season calls until alts are at the range lows against Bitcoin. But just because they hit the range lows does not necessarily mean you get all season. Cuz in the last cycle, the first time we hit the range lows, ...

Why is ETH having momentum. Well, because it's the ETH Treasury events. But you would have said, "Oh, yeah. After ETH goes home, then ETH is going to have momentum." And you said that, you know, 6 months ago, a year ago, before the word like treasury company was even uttered beyond just Michael Sailor.How do you square those two things. >> I guess I would argue that like narrative follows price. And it's always easy to sort of assign a narrative to a price movement because think about it.Let's say in mid 20 ...

To me, ETH season will continue for the foreseeable future while alts find their bottom and ETH can make as much progress versus the Bitcoin ratio as it can while Bitcoin holds on to strength without actually gaining net new strength versus Ether. I think you're right. I mean, if are down 44% against Ethereum since April, what else do you call it other than Ethereum season, right.Basically everything in crypto, including Bitcoin since April, has been bleeding to Ethereum. And except for maybe a few select a ...