😍 The coin you should buy now is ETH.
Wall Street is experiencing a crypto moment. The growth story of TradFi has dwindled. Everyone is overly focused on AI, and software companies are far less exciting than they were in the 2000s and 2010s.
Growth investors who raise funds and prepare to invest in exciting innovation stories with huge total addressable markets (TAM) understand deep down that most AI companies are trading at ridiculous premiums, while other 'growth' stocks are becoming hard to find. Even the once-admired FAANG stocks are gradually becoming quality, profit-maximizing, 'compound' stocks with a compound annual growth rate of around 15%.
🤑 Cryptocurrency is here.
BTC breaking the all-time high, the US president strongly promoting crypto products at a press conference, and favorable regulations have brought the crypto asset class back into focus for the first time since 2021.
This time, the focus is no longer on NFTs and Dogecoin. Instead, it’s on digital gold, stablecoins, 'tokenization,' and payment reform. Stripe and Robinhood claim that cryptocurrency will be their top priority for the next round of expansion. COIN enters the S&P 500 index. Circle demonstrates to the world that cryptocurrency is an exciting enough growth story that growth stocks can again ignore price-to-earnings ratios.
😁 All of this can be converted to ETH!!!
For us crypto natives, the smart contract platform space seems very fragmented. There’s Solana, Hyperliquid, and a dozen new high-performance blockchains and Rollups.
We know that Ethereum's leading position is indeed challenged and faces threats to its survival. We also know it has yet to solve the issue of value accumulation.
But I seriously doubt that Wall Street really understands this. In fact, I could even say that most ordinary people on Wall Street know almost nothing about Solana. To be honest, the recognition of XRP, LTC, Chainlink, Cardano, and Dogecoin outside the circle might be higher than that of SOL. Don't forget, these guys haven't been paying attention to our entire asset class for several years.
But what Wall Street knows is that ETH has stood the test of time, having been battle-tested, and has long been the main 'beta asset' outside of BTC. What Wall Street sees is that it is the only other crypto asset with a liquid ETF. And what Wall Street favors is this kind of classic relative value trading opportunity with clear catalysts.
These suited practitioners don't know much, but they know that Coinbase, Kraken, and today’s Robinhood have all decided to 'develop based on Ethereum.' With a little due diligence, they can discover the largest stablecoin pool on the Ethereum chain. They will start to calculate this 'moonmath' and quickly realize that while BTC has reached an all-time high, ETH is still over 30% lower than its peak in 2021.
You might think that underperforming the market looks like a bearish signal, but these people have a different investment mindset. They prefer to buy assets that are cheaper and have clear target levels rather than chase those that have skyrocketed — because after chasing the highs, they will only be troubled by whether it's 'too late.'
I think they have reached this point. Authorization is not an issue; any fund can push for cryptocurrency investment under the right incentives. Although the crypto community has sworn for over a year never to touch ETH again, its performance has outpaced the market for more than a month. Year-to-date, SOL/ETH has dropped nearly 9%. ETH’s dominance hit a low in May and has since recorded the longest upward trend since mid-2023.
So, if the entire crypto community calls ETH the 'cursed token,' how can it outperform the market?
👊 ETH is attracting new buyers.
ETH spot ETF inflows have remained steady since March.
ETH version MicroStrategies have been actively taking action, injecting early-stage structural leverage into the current market.
Perhaps some crypto-native participants have realized their positions are insufficient and have begun to adjust their portfolios. They may be pulling out of BTC and SOL positions that have performed well over the past two years.
I’m not saying that Ethereum has solved any problems. I think the current situation is that ETH assets are beginning to decouple from the Ethereum network.
External buyers are pushing ETH assets, challenging our perception of it as 'only falling and not rising.' The shorts will eventually be liquidated. Then, our crypto-native capital will decide to chase the upswing until some form of speculative frenzy emerges. ETH will ultimately finish with a spectacular scene.
If this happens, then a new all-time high for ETH is not far off. 🔥🔥🔥#ETH