Good arguments. ETH has massively underperformed BTC just like it historically has before liquidity increases and interest rates decrease. I think BTC has outperformed this year strictly bc of the ETF. Now, ETH has an ETF and (I’m hoping) a gigantic bid from Wall Street.
Let’s assume for a second that crypto hits a $7T market cap. Realistically, that would put BTC at around a $3-4T MC or around a $167K/BTC valuation. If ETH gets above 0.06 BTC that would value each ETH at $10K ($1.2T MC). Every bull market ETH has surpassed 0.06 BTC so I’d say, in this scenario $10K ETH, is a realistic probability.
As I think about SOL more and more, I come to the conclusion that SOl has probably been net value extractive from retail crypto and that pisses me off.
Thanks for the contrary view. You may be right, but even if ETH hits $9K I’ll be happy owning it at $2700