ETH at $2k...yet we still have so much to look forward to!

- Layer2 mega releases
- EIP1559 this summer
- DeFi season 2
- NFTs going mainstream
- Issuance below 1%
- Internet Bond narrative
- ETH on Fortune500 balance sheets

— link

Today, Bitcoin reached a $1 TRILLION market cap, and Ethereum broke $2,000 for the first time. Historic day.

New Bitcoin all time high: $57,000

It's the weekend..

NYSE closed.
Nasdaq closed.
Toronto SE closed.
London SE closed.
Deutsche Borse closed.
Hong Kong SE closed.
...
Bitcoin trading $2.5B every hour. — link

Google search trends shows #NFT just flipped #DeFi

Price observation.

Ethereum signicantly lagging Bitcoin.

BTC price now 3x the '18 peak.

If Eth were 3x the '18 peak it would be at 4200 vs 2000 today.

Michael Saylor effect very powerful.

Perhaps underperformance warranted...

Or maybe CME contract to drive Eth bull. — link

Bitcoin's price has now caught up to the Stock-to-flow ratio again.

When comparing the first 10 months of this bull market to that of early 2017, it is clear that this current cycle is in hyperdrive. — link

Bitcoin poll on CNN this morning. — link

Dubai’s private equity investment firm IBC Group has pledged 100,000 Bitcoin worth $4.8 billion to support crypto adoption in the city of Miami — link

"I COULDN'T AFFORD A KILOGRAM OF GOLD SO I BOUGHT A KILOGRAM OF COPPER INSTEAD."

- NOBODY

Here's what an 80% drawdown looks like:

$ETH hits ATH of $10K, retraces to $2K.
$BTC hits ATH of $300K, retraces to $60K.

There's a chance at current prices you're buying the bottom of the next bear. — Chris Burniske

“I don’t understand how #bitcoin works”

They text you, from a magic device in their hand that responds to touch and sends messages over the air, of which they could never explain how even one part works — link

Fun fact, even though #BSC is 11,000x more centralized than Ethereum, it is only 10x "faster"

ETH:
11,000 nodes
12.5M block gas limit
13 second block time
20 ERC20 transfers/second

BSC:
21 nodes (all Binance)
30M block gas limit
3 second block time
200 BEP20 transfers/second

— link

Bad day for Bitcoiners

Great thread here on #NFTs.

Excellent summary of current condition. 👉 — show this thread

Hearing $ADA wants to be $2 and $DOT wants to be 30% of $ETH — Mira Christanto

India wants Bitcoin.
Nigeria wants Bitcoin.
Pakistan wants Bitcoin.
Venezuela wants Bitcoin.

This is a global movement that will improve the lives of those who need it most. — Pomp