crypto

ETH MAXI

The main $eth mistake in the past 2 years was not onboarding a Saylor light.

The playbook was easy to copy. There are many businesses on/around Ethereum that could have done it (without going completely nuts). Crypto would look very different today.

We’ll see which path is better for the respective ecosystem.

Luckily, Bitcoin isn’t really an ecosystem, more an asset $BTC with a blockchain ledger.

On the other side, Ethereum is a growing economy built on a blockchain & currency $ETH - which may benefit more these days from growing sustainably and not with boom and bust cycles (though they also help with attention & bringing in resources).

Bitcoin treasury companies are all the rage this week. MSTR, Metaplanet, Twenty One, Nakamoto.

I think they're toxic leverage and the worst thing which has ever happened to bitcoin &amp; what bitcoin stands for. In the right conditions, here's the mechanism of how this blows up

1/n https://t.co/3I4NNAs0Le

Just like GBTC back in the day, the entire game now - the whole thing - is figuring out how much more BTC these access vehicles will scoop up, and when they will blow up and spit it all back out again.

nic carter

We’ll see which path is better for the respective ecosystem.

Luckily, Bitcoin isn’t really an ecosystem, more an asset $BTC with a blockchain ledger.

On the other side, Ethereum is a growing economy built on a blockchain & currency $ETH - which may benefit more these days from growing sustainably and not with boom and bust cycles (though they also help with attention & bringing in resources).

https://x.com/nic__carter/status/1925878569281917245