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One problem historically for ETH as an asset has been too many "beta" plays so the retail bid for ETH gets distributed between ETH and its betas
Good thing about these institutional buyers is that the only asset they give a shit about is ETH
This time is actually different
16.7. klo 21.13
ETH to $10k is ~3x from here, bullish context:
- BitMine planning $250M ETH purchase
- Sharplink has already acquired $850M in ETH
- Staked ETH is hitting ATHs
- ETH/BTC is still at 2020 levels
Multiple entities are stockpiling ETH to become the MSTR of Ethereum, don't fade
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