RT Ignas | DeFi (@DefiIgnas)$ETH potential to pump is capped by its failure to be accepted as SoV.To buy and hold $ETH now you need to believe in its ability to become a store of value asset.Yes, $ETH can run to 10k with no fundamental change, but the current narrative of tokenization and RWAs is not enough to push it much higher without the SoV premium.This narrative can even backfire as new chains ALREADY compete for RWAs and stablecoin adoption with better features like privacy, speed, and low fees.Yet n ...

Store of Value (SoV) Potential - Ethereum's potential for price appreciation is limited by its failure to be widely accepted as a store of value [1] - To justify holding Ethereum, investors need to believe in its potential to become a store of value asset [1] - Ethereum needs to gain acceptance from passive institutional and retail holders, similar to Bitcoin [2] - A deflationary supply is considered a crucial element for Ethereum to become a superior store of value compared to Bitcoin [2][3] Tokenization and Real World Assets (RWAs) - The current narrative of tokenization and RWAs may not be sufficient to significantly increase Ethereum's price without the store of value premium [1] - New chains are already competing for RWA and stablecoin adoption with features like privacy, speed, and low fees, potentially hindering Ethereum's growth in this area [1] Ethereum's Advantages - Ethereum possesses native yield and smart contract utility for usage within DeFi [4] - Some DeFi users already treat Ethereum as a yield-bearing collateral, indicating existing adoption as a store of value [2] Challenges and Future Outlook - Alt L1s are unlikely to be as neutral or decentralized as Ethereum, giving Ethereum a potential advantage [2] - Ethereum needs to find a way to tax the L2s, and adoption needs to grow enough to burn supply for it to become a superior SoV [3]

RT Ignas | DeFi (@DefiIgnas)Three predictions for prediction markets.- The below chart will be up only- Polymarket & Kalshi overall dominance will decrease- An Hyperliquid-of-prediction-markets is yet to be born. https://t.co/hCARjvt7qe ...

RT Ignas | DeFi (@DefiIgnas)Retail keeps selling into whale hands.CT still talks about the 4-year cycle, but institutions buying BTC might not even know what that is.It feels scary to say 'this time is different.' But with BTC it might be.The world order is changing. And until a new monetary system is in place, BTC (with gold) is the asset to hold.I don't know what the new order will be but for this period having BTC some exposure seems like great bet. ...

RT Ignas | DeFi (@DefiIgnas)$ZEC is fascinating case of how narratives form:It's up by 77% since my tweet.Like most narratives it began with organic posts from a few true believers in privacy and zk tech.For now, people buying $ZEC are still interested in the tech. But that interest came from X. Without the posts, most wouldn't have learned about it in the first place.But soon $ZEC can enter the reflexible loop: Higher price → more attention → more posts → new buyers → higher price againAt one point people ...

Maybe we celebrate too earl.Don’t count your chickens before they hatch.https://t.co/dY7EuQbN2wMichael Saylor (@saylor):Happy Uptober 🚀 ...

Three predictions for prediction markets.- The below chart will be up only- Polymarket & Kalshi overall dominance will decrease- An Hyperliquid-of-prediction-markets is yet to be born. https://t.co/hCARjvt7qe ...

Market Dynamics - The rapid spread of the ZEC initial echo bubble narrative to Naval illustrates the formation of narratives [1]

Yet I’m still worried that retail selling might overwhelm the buy side and push us lower.I hope a lower BTC price won’t FUD institutions and whales.The longer we hold this level and more retail sell, the less influence retail will have on price and volatility, and the more bullish the market will feel. ...

Retail keeps selling into whale hands.CT still talks about the 4-year cycle, but institutions buying BTC might not even know what that is.It feels scary to say 'this time is different.' But with BTC it might be.The world order is changing. And until a new monetary system is in place, BTC (with gold) is the asset to hold.I don't know what the new order will be but for this period having BTC some exposure seems like great bet. ...