Everyone is turning bullish on ETH. Normally I would say that I'm not surprised, but given the last 12-24 months on CT, I am blown away at just how rare "true" conviction is when it comes to people and crypto markets generally. Most people on this app (including most crypto media & MANY influencers) were incredibly bearish on Ethereum and ETH over the past couple of years. Sure, underwhelming price action is partly to blame, but if you look under the surface, it mostly comes down people falling victim to the Chief Ethereum Concernoors that had plagued CT for far too long. As just one example, one of the most popular reasons to be bearish on ETH was due to the low fee revenue that was being paid down to Ethereum L1, by the L2s. I can't even begin to tell you how many people actually bought into this narrative - seriously, it was most of CT. How is that thesis holding up today? Fee revenue is still very low, yet interest in ETH the asset has been UP ONLY - I'm not just saying this, people are voting with their wallets. Despite all of these narratives, ETH is starting to outperform BTC, and other centralized competitors like SOL (among many others). We have both @BitMNR (led by @fundstrat) and @SharpLinkGaming (lead by @ethereumJoseph) literally buying up billions and billions of dollars worth of ETH every other day. We have @VivekVentures, @dannyryan, and @gphummer pushing the ETH thesis into TradFi circles (Wall St). We have @RobinhoodApp launching tokenized stocks on @arbitrum One, with the intention of building their own L2 (Orbit Chain). If you are someone who is plugged into CT, I encourage you to develop your own theses around this industry, by formulating your own opinion based on multiple sources and facts - don't just take CT's word for it. Most of the people who have been selling you bearish ETH narratives over the past couple of years almost "all" have interests in competing ecosystems, that quite literally rely on Ethereum failing at its mission in order to succeed. Don't get caught up in the noise - Ethereum will keep pushing forward 🫡
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