I was a bitcoin maxi. I moved a lot of $ to eth, I still purchase a little bitcoin but more future cash flow goes to bitcoin. Here's my questions:
- Do you believe that more and more people that hold btc will start to move towards eth? It appears that this is a much slower process than I anticipated and there's still a belief by many that eth is worthless (which I can't understand, but it's similar to many gold/silver people thinking crypto is worthless).
- I think assets have high volatilities because humans are always fearful and greedy. It will never end. I saw this with housing. When I was 23 I saw people that made 200k a year (admittedly a good chunk of money back then) owning 10 + homes all with massive leverage and nonsensical loans. When I was 25 I saw those same homes lose 50% of their value and yet there being crickets at fire sale open houses. If this is true for eth, do you believe $700 was the bottom, or that we are NOT at the final flush out?
- One of the most common narratives is that "the institutions are coming". That if just 1-5% of assets go into this sector, price goes bananas. I've heard this with gold, with bitcoin, etc. I hear it for etc-that in fact institutions will buy it because proof of stake is a lot more palatable than the proof of work energy perception. Do you think this is actually reasonable or a sales pitch?
- I understand the idea of holding for 5+ years or forever...but I also understand life happens. For those who own eth, is there a price that you would sell your eth, and if so, how much of your position and why?
- Give me your most bullish and bearish price target and why by 2025 and/or 2030.
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