this
Ethereum is magical and most people here are just jaded
and TradFi will very, very quickly understand the value of programmable collateral which is decentralized and non-custodial
they buy ETH today because they think it’s a decentralized tech play
but they’ll hold ETH forever because it’s censorship-resistant, programmable money
ditch your priors. Wall Street doesn’t care about your PTSD or how you got rugged in the trenches
this is a brand new ballgame
Those of you trying to value $ETH with fundamentals and justify this PA right now with crypto native baggage are underestimating the magic you felt when Ethereum and smart contract platforms first clicked for you.
Wall Street hedge funds never truly had to rationalize crypto as an asset class. The 2020/2021 run happened in a flash and it was a fun distraction; now they have to actually do some work.
Their talking points around $ETH are elementary because they are literally figuring out what the heck it is now.
Seeing these CNBC clips actually just reminds me of when I first read the Ethereum whitepaper and watched some Vitalik interviews and decided $ETH was digital oil / programmable money / the internet of finance.
We’re all too jaded and cynical at this point to remember it, but do not fade that beautiful feeling of discovering groundbreaking blockchain tech for the first time. It’s happening right now for the richest institutions in the world. The last thing they’re thinking about is cash flows.
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