this is a majority of crypto natives when it comes to $eth
dont get me wrong, taking profits is always smart
however, we are ~10% below the 2021 $eth ath when (1) the fundamentals were ~1% of what they are today, (2) the regulatory environment was the biggest headwind vs the biggest tailwind, (3) there were no etfs or dats buying billions of $eth AND deploying it within the defi ecosystem
“dats are imploding” - when 1 of them alone still has ~$20bn of dry powder going directly into $eth
$eth is the easiest investment of the next ~5 yrs, it has been telegraphed for you more than saylor and the etfs telegraphed the $btc move from $15k to $125k
i dont see any way that $btc outperforms $eth the rest of this year
$eth is already outperforming $btc ytd (+30% vs +22%) and the real move hasnt even started yet
On Monday AM, after recording this, I
-sold all my HYPE
-sold all my ETH
-closed all my other margined alt positions except AERO
-donated some $ to charity, rotated some $ to BTC
I'm now 8/10 invested instead of 10/10.
Why did I do this?
Crypto is on ATHs, biggest buyer (DATs) imploding, big opportunities are coming. I want some dry powder for this.
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