RT arixon.eth @ ETHcc (@arixoneth)another example of an app avoiding value leakage to the underlying L1as an L1 investor you either believe the token will capture significant value through shared state access and DA or you believe in its SoV/moneyness propertiesotherwise there’s really no point in holding ...

Well, Bitcoin has been on a tear in 2025, up nearly 15% and notching all-time highs. But comparatively, altcoins, they have lagged with the market vector digital asset 100 small cap index showing over $300 billion of market value wiped out. For more, I want to bring in Noel Aches, who is the author of crypto is macro now Substack.Great to have you here with us. So, first just just take us into your assessment of why altcoins are seeing this move while Bitcoin is notching new record highs over the course of ...

Ethereum and ETH is not a tech company. ETH is a store of value. It took 15 years for institutions to understand Bitcoin, right. It took 15 years to get regulatory clarity.So, this did not happen overnight. We need needed a first easy to understand digitally native store value. Bitcoin paved the way.Bitcoin's going to be a treasury asset. That's phenomenal. It is a little bit harder to understand ETH.Not a lot harder. As we're clearing up in this report, it's actually pretty simple, but the understanding ga ...

It's not going to be long until people say ETH belongs in a portfolio with Bitcoin. But coming back to the tech stock part, it just you're missing the forest for the trees. You're saying that cash flows are just one tiny tiny portion. We should be looking at what digital oil means for the digital economy, what a store of value asset, what a reserve asset, what a fuel actually means. And that belongs in the same conversation, in the same valuation zone as Bitcoin, if not higher. Beglas Nation, we have VC and ...

Anyone who tells you that there can be only one store of value has an agenda. There's gold, there's diamonds, there's real estate, there's US dollars for many decades. And all these things aren't guaranteed stores of value.So, I don't know if I would want to be a special snowflake. Snowflakes are brittle. Along can come something that has a lot of productive utility and yielding power.And if you squint, has been going up for about a decade and is likely to keep going up. While it may be very volatile in bot ...

Bank list Nation, we got John Sharono and Ryan Burkeman's on a debate today. Uh we're debating a handful of topics that all point towards each other. We're going to go through four different questions. We're probably going to touch on all of them if we have time.Is Ethereum special versus alt layer 1's. Is Bitcoin a special snowflake. How should ETH be valued.And is ETH over or undervalued. Ryan, welcome to Banklist. Thanks.Good to be here. And John, also welcome to Banklist. How's it going.I would like a c ...