Have to say Tom "Chad" Lee buying yards of ETH & getting in front of an audience to spit truth about how nobody gives a shit or is "concerned" about Ethereum P/E or anything of that jazz has been the most bullish thing possible and something I've wished others would eventually see for years now Most are not aware of this, but 10y ago ppl tried to pigeonhole BTC "fundamentals" as to how many cups of coffee people were going to be bought with it before it eventually shed that skin and outgrew that meta to something with a much higher TAM You're now watching Eth cross that chasm in real time too. IMO it's well deserved and kudos to all the Eth chads who relentlessly have guided the community in this direction -- the winning one -- over these last few years

If you check the charts you can already begin to see the rotations happening in real time It’s well deserved 🫡

I've only used Polymarket once, and it was the '24 election where how the market resolved for that outcome was mostly binary and non subjective People have yet to understand the odds you are (actually) betting is not what are shown in Yes/No, but are multiplicative on the % chance oracle powers-that-be try to screw with you and opportunistically steal your money I really do believe prediction markets have pmf, but this version of polymarket isn't it. I have already told ppl privately never to bet on any subjective outcomes for this reason alone -- not worth the stress & you likely underweight the chance of having to sweat BS/grift similar to what's shown below in this tweet

I've seen a lot of posts saying: Asset X is now at same price Y time ago -- X must be an amazing buy I think this is the wrong and dangerous way of thinking on how to value digital assets. This is putting too much conviction in backwards looking historical USD charts. All these posts are technically right, but miss the forest through the trees here How I choose to think of these things: I look at asset X relative to historical Y sure, but keep in mind the story Z. Z is the input here most forget about, which is the story of whatever X is trying to win or accomplish in this space. Z is what determines Y. Is Y cheap for Z? Is Y a better ratio to Z (Price/TAM) from last time this asset was here? Z is what has changed over the last several years if you've been paying attention. It has changed both from traction of X in fulfilling it, but also how the overall market has voted what Z is worth. If you've been in this space, you likely now have a better understanding of Z, what other projects are competing for Z, how far ahead or behind X is, how fast it's been growing (or not), its current trajectory given current landscape, and only then you can in your mind better weight risk/reward of buying asset X Basically what I am saying is in years past I have bought things at prices like today and felt really good about it in that moment. Now, years later, I don't think it's as easy as just viewing it as the same sort of upside/downside bet you may have done from years before. Now I have much more information that wasn't available to me back then and I'll feel differently about it because of that. These inputs (X itself, competition to X, value of Z) will have shifted, and it's my job to acknowledge that and decide whether it's as attractive (or not) as it was before and it's not done (imo) by backwards looking USD charts. So what I try to do is update my priors, revisit Z, see what has been either validated or invalidated from the market and PA from the years that have passed since and then decide what I want to do Hope that makes sense to you as well