The Seasonality of Diminishing Returns
Updated
"Ultrasound money" meme is just too good.
I do realize I am coming off as a mega bear.. but when you price stuff against the best performing asset of all time, you get charts that look like this.
Eth has had impressive returns no doubt.
And I even believe it has value as a protocol itself.
This is known and consensus now.
As a vehicle for obtaining massive amounts of btc?
No longer useful.
This is the game..
I do realize I am coming off as a mega bear.. but when you price stuff against the best performing asset of all time, you get charts that look like this.
Eth has had impressive returns no doubt.
And I even believe it has value as a protocol itself.
This is known and consensus now.
As a vehicle for obtaining massive amounts of btc?
No longer useful.
This is the game..
Note
Holding true to a T
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