Would increasing Ethereum REV be good for ETH price | jon_charb on Binance Square

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Would increasing Ethereum REV be good for ETH price

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crypto if everyone was required to take one intro to finance class

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investing isnt black & white, you need to accept both of these especially in crypto: 1) many assets dont trade on strict fundamentals today, & many never will 2) trend ahead is most big cryptoassets will trade more on fundamentals, not less, vs today its all a timing question

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there are people saying with a straight face: 1) the burn is what makes ETH special🦇🔊 2) REV is a bad metric without realizing ETH burn = base fees today + they're all excited to add MEV burn = REV

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A few years ago even I assessed a higher probability than today that the “ETH is money” stuff could work But it’s clear the world is increasingly picking BTC as the dominant crypto SoV as seen by fundamentals (see SBR) & price (see ETH/BTC) You need to be able to update views

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Both ETH & SOL: - Were running at ATH REV at the same time as their ATH prices - Traded at the same multiple on annualized REV at those times (~26.5x)

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