There’s a big difference between offering a Bitcoin or Ethereum ETF and embracing crypto.
Bitcoin offers a financial guessing game—people will pile in and pile out of bitcoin largely based on crowd dynamics. Over the past 15 years, Bitcoin has gained little traction as a medium of exchange or store of value. For years, Ethereum has had the pretense of powering a global computing platform to support a myriad of new, must-have applications, none of which have yet to actually materialize. As such, Ethereum is just a knock-off of the Bitcoin guessing game.
These two tokens account for over 70% of the “market cap” of all cryptocurrencies, of which there are now not thousands, but MILLIONS, per CoinMarketCap. These millions form the Cambrian explosion mutated into primordial swamp that is crypto.
There’s a big difference between offering a Bitcoin or Ethereum ETF and embracing crypto.
Bitcoin offers a financial guessing game—people will pile in and pile out of bitcoin largely based on crowd dynamics. Over the past 15 years, Bitcoin has gained little traction as a medium of exchange or store of value. For years, Ethereum has had the pretense of powering a global computing platform to support a myriad of new, must-have applications, none of which have yet to actually materialize. As such, Ethereum is just a knock-off of the Bitcoin guessing game.
These two tokens account for over 70% of the “market cap” of all cryptocurrencies, of which there are now not thousands, but MILLIONS, per CoinMarketCap. These millions form the Cambrian explosion mutated into primordial swamp that is crypto.