I am trying not to get too influenced by recency bias but what are the ETH and "crypto" nerds going to say if eth doesn't outperform in the next bull market?
Not saying it is going to happen, as I expected ETH with the artificial supply squeeze, might have one more kick at the can to act as high beta to Bitcoin in a bull run. However, it seems like the regulatory walls are closing in on ETH, while Bitcoin adoption and integrations via lightning continue to grow. More people are clueing into Bitcoin not crypto and the move to proof of stake has made ETH completely untenable for any institutional investors until unlock is successful, regulatory clarity is issued and proof of stake has time to Lindy.
I expected the bull run after next to be the one where eth fails and begins its demise into obscure, niche, digital play thing for a few million nerds and degenerate gamblers, while Bitcoin scales to billions but I am coming around to the idea that if everything falls into place it could happen sooner than I expected.
Time will tell. In the meantime I will keep stacking sats.
Cheers,
GR