A few hot takes on ETH: 1. Suspicious of the accounts who bull-posted ETH daily during an 80% ETHBTC bleed and are now doing victory laps after a 20% retrace. That’s not good trading. 2. If you bought the lows on ETH recently, congrats - that is good trading. 3. ETH market cap is too high for a long-term ETHBTC investment thesis, but the DC narrative tailwinds make it a solid short-term trade. 4. There’s a ton to be bullish about with Base, but no natural reflexivity back to mainnet ETH holders - unclear how to value that. 5. ETHBTC chart looks phenomenal - just broke a four-year downtrend. Can’t be ignored. 6. Institutional infra building on ETH is finally gaining real momentum. Feeds the short term narrative but it’s not good enough to set it and forget it for the long haul. 7. Solana still feels like it’s still in the thick of a memecoin meta, which helps ETH. 8. ETH and SOL share a large portion of the same investor base - capital just sloshing between narratives and ETH has the better one (for now…)

For the record - ETH looks okay for a trade here. I think it has a 50/50 shot of outperforming BTC into year end.

There are people who bullpost ETH every single day. They run victory laps when ETHBTC retraces 20% of an 80% crash. These are truly awful investors. Even a broken clock is right twice a day.

I’m getting a lot of questions about $1000x both token and terminal Main one: no we don’t have investors Jonah and I too rich for that, we own 20% of the token, it was a free launch. Rest is with you guys Secondary: 20% is plenty because we’re building a problem to make ourselves more profitable traders, anything the token does outside of this is just a little fun money

shampoo brands are already putting bitcoin on their balance sheet (via treasury companies, to be fair)

It is in fact not that easy because you need to add some value. Creator coins mean nothing unless there is value attached to them and most creators are far too lazy to do that. Hence why Jonah & I built the terminal for the $1000x token and are funneling podcast revenues towards it. Most cannot fathom this and would rather max extract

I want to build an on-chain asset manager that keeps it simple. 2-4 assets, LTCG optimized, limited turnover, focus on superior absolute returns. Fee structure = 10bps, not the 100bps charged by RIAs. With most assets on chain now, this is possible. Where should I build this? @maplefinance maybe?

Sadly true. What I ran away from at Lehman in ‘08. Sticking around this time and seeing the mission at @asylumventures through

Congrats. You all survived the Great Bear Market of July 30th - August 6th. If you are new around here, the cacophony of "tops in till Q4" / general doomer calls proliferating throughout CT (with no actual thesis) as global liquidity rips is always your counter-trade signal.

I am long some ETH and I feel diseased 🦠