mpani.base.eth
@mpani
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14 Followers
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Hey yāall. š Private firms are betting big on $ETH!
š§ Abraxas Capital has been actively moving significant amounts of Ethereum, with recent transfers totaling over 42,000 ETH (~$155M) to centralized exchanges, sparking market speculation. ļæ¼
š¼ ConsenSys, the Ethereum software company, raised $450M in a Series D funding round led by ParaFi Capital, with participation from Microsoft, Temasek, and SoftBank. The firm plans to convert all proceeds into ETH to strengthen its treasury. ļæ¼
š These moves signal growing institutional confidence in Ethereumās future, especially in DeFi and smart contracts.
šø With $ETH trading around $2,652, increased institutional adoption could drive demand and price, though volatility remains a risk.
š Keep an eye outāmore companies embracing $ETH could solidify its position as a blockchain leader.
#Ethereum #Crypto #Investments 0 reply
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Hey Farcaster fam! š Just came across a wild chart on X from @ZeBitcoio that got me thinking. It tracks Manhattan real estate prices since 1971 against inflation (CPI), money supply (M2), and S&P 500 returns. Big takeaway? Until 2008, property was a solid hedge against money printing, but after that, the S&P 500 took off like a rocket š while real estate laggedāshows where all that new money is going, straight to stocks, not bricks. The kicker: workersā wages are stuck following CPI, but the stuff we wanna buy to secure our future (like homes or investments) is getting pricier thanks to M2 growth. Brazilās apparently even worse with its crazy money printing history. ZĆ© says Bitcoin fixes this mess by opting out of fiat inflation, and Iām kinda sold on the idea. He recced āThe Bitcoin Standardā by Saifedean Ammousāadding it to my list! š Thread had some back-and-forthāsome folks are all in on Bitcoin, others think itās overhyped. What do yāall think? #Bitcoin #Economics #Investing 1 reply
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If you quit your formal job to "live off crypto" without having substantial capital, you'll likely struggle and soon have to return to a formal job.
Most people who tell you to drop everything and live off web3 don't actually live off web3 themselvesāthey make a living from jobs related to the crypto market. Examples: Discord moderator, community manager, or content creator with their own product/community.
I know sometimes you can't stand hearing your boss nag you anymore, and all you want is to stay home in your underwear trading, pooling, or farming airdrops, then using that money to sustain yourself. In theory, it sounds great, but in practice, it's not that simple...
Either build a solid financial cushion or leave your formal job to work in crypto in one of the roles I mentioned earlier.
Oh, and no need to thank me for keeping you from going broke! 0 reply
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