Alex ری ٹویٹ کیا
I haven’t paid close attention to crypto last few months but it seems high probability that $ETH revisits $1000-1500 this year
$215B market cap for a negative growth/profitability asset is ridiculous when it’s clear speculative winds have already blown past
Bear thesis stands
Andrew Kang@Rewkang
A common comparison for Ethereum is that of a tech stock If that is the case then the best proxy would be Intel. At one time, one of the hottest things in the world with unbounded growth expectations A few bubbles later in its lifetime, but generally the first big one was the peak as it becomes more apparent that growth is bounded, innovation slowing, and competitors are taking market share. This results in lower projected growth affecting the multiples that investors are willing to pay Tell me how you pitch 200x PS, negative revenue growth and negative profitability to investors at a $420B price. Crypto retards will buy into this but its a pipe dream to believe that tradfi will buy into it in size given current fundamentals Retardio
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