Can ETH Keep Pumping Or Is It All Over?!

So, I mean...

The bull case is, you know, I've always been saying that to actually get any kind of alt season, you need ETH to come up because ETH is the one that's most widely owned.

Now, that was true definitely last year.

I think, you know, I know so many OGs that have capitulated.

And, you know, the coins that are going up are not necessarily like in the pockets of...

You know, your NFT traders and like all these like big OGs, it's like, you know, BlackRock people and whoever has bought these things at the bottom.

But it is still widely owned compared to most assets.

You know, after Bitcoin, it's going to be the second most widely owned probably.

arguably a salon as well.

But so the bull case is the money's going into like the people's hands.

It's not like Bitcoin rallying where it's going into institutional hands.

So we can see it's more lasting, more effect.

The bull case is, you know, Tom Lee is finally getting the animal spirits going and this has to just be the beginning.

And What else is the bull case here?

I mean, yeah, exactly as you're saying, I think the main bull case is that these vehicles are actually taking supply off the market semi-permanently.

And that is the most important fact for ETH.

I think the fact that ETH is such a volatile asset, it means that Tom Lee can keep doing this for a little bit.

And at the end of this cycle, because it is a cycle, like this treasury theme is a cycle.

There's an early stage.

The early stage was Saylor and its clones on Bitcoin.

Middle stage was ETH and a little bit of SOL.

And late stage is just all these kind of like altcoins and esoteric treasury trades.

And we're really just pushing towards the end of that.

I think it's true that towards the end, things get silly.

They might get super silly.