this is not just a centralized exchange (something they already understood)
this is ONCHAIN finance. this is the FUTURE of finance
they go one layer deeper and see 70% of USDC is on Ethereum
they start studying it and say “oh wait, i get it- Ethereum is actually a different thing than Bitcoin. this is like a new financial internet. this is a good second bet in crypto to tap into this. Bitcoin is really more of a digital gold play. Ethereum is an onchain economy play. and i see BlackRock and a bunch of banks are building on it already. oh look, there are several Ethereum ETFs”
this is not just a centralized exchange (something they already understood
this is onchain finance. this is the future of finance
they go one layer deeper and see 70% of USDC is on Ethereum
they start studying it and say “oh wait, i get it- Ethereum is actually a different thing than Bitcoin. this is like a new financial internet. this is a good second bet in crypto to tap into this. Bitcoin is really more of a digital gold play. Ethereum is an onchain economy play. and i see BlackRock and a bunch of banks are building on it already”
the way Ethereum wins won’t be on a hot ball of hype. that initial hype phase passed in 2017 for Ethereum
in 2025, it will look like everyone adopting it, all at once. everyone building on it because everyone else is building on it. soon, the network effect is so strong and the relative security so strong that it is really the ONLY choice to build on for many. build somewhere else and you lose the chance for native interop, access to ETH and incredibly deep stablecoin liquidity, and 10 years of uptime
then everyone realizes, “wait…everything…it’s built on Ethereum??”
and that is when ETH moons into the stratosphere in a BTC 2017-style run as Ethereum shatters into the public zeitgeist
but we can’t spend a year with ETH and DeFi pumping?
right as every regulatory hurdle is being removed, stablecoin companies are IPO’ing on Nasdaq, and Coinbase is in the S&P 500 and runs Base Ethereum L2?
what you will see next is not degens returning to ETH
they're not coming back. they're sidelined, permanently. they can't bring themselves to buy again because they have been psyop'ed as to what ETH is beyond repair
they will be forced watch it run to $10K and beyond as business, government, and Wall Street literally adopt the chain and pour trillions of dollars into it over the next year
study BTC 2017 to understand ETH 2025. 2 cycles behind, but on schedule
the new market of buyers won't care that you hate it or have "concerns" about it. the new market doesn't even know you exist 😘