Petro (unclef)

recast:farcaster://casts/0x042ed15f3082ae58797314a49c1985a9d6679d22bcb2a89ee0ed56d9aa4af065

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$ETH inflows have been disappointing since ETF trading began. why? institutions view $ETH through a fundamental lens and see it as overvalued. compared to companies with P/E ratios around 20-50, $ETH sits at 100, making it hard to justify buying. even when compared to $BTC (like Silver to Gold), $ETH is overvalued, with ETHBTC needing to drop 20% to be in line. so, for institutions, $ETH just isn't a buy right now. credit: Monolith.vc

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recast:farcaster://casts/0x61f15d281417722a701d7ff59fb192cd6abfcf991dc8ac2b622421bbfae0eae4

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Gm people

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