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I asked Thomas (Tom) Lee (not drummer) FundstratDirect.com the uncomfortable question directly: why is #Ethereum lagging this badly? The most bullish ETH voice on Wall Street didn't dodge it, didn't blame the haters. He gave the most honest diagnosis I've heard: "The AI story is maybe further out than...

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Michaël van de Poppe

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66,236 views • 5 days ago •via X (Twitter)

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TOM LEE SAYS THE BITCOIN AND ETHEREUM THESIS IS ABSOLUTELY NOT BROKEN. He says people are “rage quitting” crypto near the end of crypto winter because the spotlight is still on AI, semis and software. But the future has not changed. 🔹 AI needs identity + verification 🔹 Wall Street wants tokenization 🔹 Bitcoin still has network value 🔹 Ethereum benefits as assets move on chain Tom says Bitcoin and Ethereum are the future of money. And if Wall Street tokenizes at scale, Ethereum’s price should go up a lot. $BTC $ETH $BMNR
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TOM LEE SAYS THE BITCOIN AND ETHEREUM THESIS IS ABSOLUTELY NOT BROKEN. He says people are “rage quitting” crypto near the end of crypto winter because the spotlight is still on AI, semis and software. But the future has not changed. 🔹 AI needs identity + verification 🔹 Wall Street wants tokenization 🔹 Bitcoin still has network value 🔹 Ethereum benefits as assets move on chain Tom says Bitcoin and Ethereum are the future of money. And if Wall Street tokenizes at scale, Ethereum’s price should go up a lot. $BTC $ETH $BMNR

BMNR Bullz

172,043 views • 2 months ago

The ETH thesis for Thomas (Tom) Lee (not drummer) FundstratDirect.com is simple. He's frontrunning ETH accumulation by the banks. "Ethereum is also the architecture that future banks will have. When goldman issues a stablecoin and JPMorgan doing it on Ethereum as Layer 1 blockchain they're going to want to secure it by staking Ethereum so, we're trying to get in front of that by creating an Ethereum treasury vehicle." Why is Tom Lee converting a bitcoin mining company to an ETH treasury and staking company? Simple. The banks will have stablecoins. The stablecoins will deploy on Ethereum. And so...the banks will acquire & stake ETH to secure their stablecoins. First commercial banks buy and stake. Then central banks buy and stake ETH. ETH becomes a world reserve asset. He's frontrunning the obvious ETH accumulation trend - just as he did with bitcoin many years ago. Bullish ETH.
0:41

The ETH thesis for Thomas (Tom) Lee (not drummer) FundstratDirect.com is simple. He's frontrunning ETH accumulation by the banks. "Ethereum is also the architecture that future banks will have. When goldman issues a stablecoin and JPMorgan doing it on Ethereum as Layer 1 blockchain they're going to want to secure it by staking Ethereum so, we're trying to get in front of that by creating an Ethereum treasury vehicle." Why is Tom Lee converting a bitcoin mining company to an ETH treasury and staking company? Simple. The banks will have stablecoins. The stablecoins will deploy on Ethereum. And so...the banks will acquire & stake ETH to secure their stablecoins. First commercial banks buy and stake. Then central banks buy and stake ETH. ETH becomes a world reserve asset. He's frontrunning the obvious ETH accumulation trend - just as he did with bitcoin many years ago. Bullish ETH.

RYAN SΞAN ADAMS

474,304 views • 1 year ago

Six months ago Ethereum was almost $5,000. Today it's under $2,000. When I put that to Tom Lee in Paris, his response was: "Has anything really changed?" Tom Lee (Thomas (Tom) Lee (not drummer) FundstratDirect.com) is one of Wall Street's most-followed forecasters. While the market wrote Ethereum off, he made the case to me that it's one of the most mispriced assets in the world right now. His framing stuck with me. Gold is worth ~$22 trillion. The stock market over $100 trillion. Real estate ~$300 trillion. And to make those assets composable and move them on-chain, he argues, you run them on Ethereum, which sits at a fraction of that. "If Ethereum is at 300 billion, it's grossly undervalued." We cover: - Why he calls this "crypto spring", fundamentals stronger than ever while price lags - Why tokenization is "not even a question," and what happens when Wall Street actually moves on-chain - Why AI agents carrying wallets and making payments is, in his words, "pretty close to 100%" within three years - Why he can see Ethereum as a 1, 2, or even $5 trillion network "in the next few years" - What most investors are missing at exactly the wrong moment That's his call, not mine, but it's one of the clearest bull cases I've heard on why the biggest move may still be ahead. Full conversation is live. 👇 Is Ethereum the most undervalued asset in crypto right now?
34:28

Six months ago Ethereum was almost $5,000. Today it's under $2,000. When I put that to Tom Lee in Paris, his response was: "Has anything really changed?" Tom Lee (Thomas (Tom) Lee (not drummer) FundstratDirect.com) is one of Wall Street's most-followed forecasters. While the market wrote Ethereum off, he made the case to me that it's one of the most mispriced assets in the world right now. His framing stuck with me. Gold is worth ~$22 trillion. The stock market over $100 trillion. Real estate ~$300 trillion. And to make those assets composable and move them on-chain, he argues, you run them on Ethereum, which sits at a fraction of that. "If Ethereum is at 300 billion, it's grossly undervalued." We cover: - Why he calls this "crypto spring", fundamentals stronger than ever while price lags - Why tokenization is "not even a question," and what happens when Wall Street actually moves on-chain - Why AI agents carrying wallets and making payments is, in his words, "pretty close to 100%" within three years - Why he can see Ethereum as a 1, 2, or even $5 trillion network "in the next few years" - What most investors are missing at exactly the wrong moment That's his call, not mine, but it's one of the clearest bull cases I've heard on why the biggest move may still be ahead. Full conversation is live. 👇 Is Ethereum the most undervalued asset in crypto right now?

Michaël van de Poppe

422,384 views • 1 month ago

WHY $STRK IS THE MOST POWERFUL FINANCIAL WEAPON ON WALL STREET Michael Saylor and Strategy have created a Bitcoin-backed capital weapon designed to siphon fiat out of the legacy system and redirect it into the hardest monetary asset on Earth. This video is a full breakdown of the STRK thesis and why it's the most elegant capital instrument ever created. Watch it now to understand the future of capital markets.
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WHY $STRK IS THE MOST POWERFUL FINANCIAL WEAPON ON WALL STREET Michael Saylor and Strategy have created a Bitcoin-backed capital weapon designed to siphon fiat out of the legacy system and redirect it into the hardest monetary asset on Earth. This video is a full breakdown of the STRK thesis and why it's the most elegant capital instrument ever created. Watch it now to understand the future of capital markets.

Adam Livingston

71,949 views • 1 year ago

This is the most excited I've been to buy ETH in years. Lowest daily RSI for ETH in history, all while fundamentals of what's been built and who's building on Ethereum is stronger than ever, plus investors fleeing to quality in the bear. Shared my bull thesis on The Rollup TV with Andy and why the worse the sentiment in these bear market years is always the best buying opportunity.
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This is the most excited I've been to buy ETH in years. Lowest daily RSI for ETH in history, all while fundamentals of what's been built and who's building on Ethereum is stronger than ever, plus investors fleeing to quality in the bear. Shared my bull thesis on The Rollup TV with Andy and why the worse the sentiment in these bear market years is always the best buying opportunity.

DeFi Dad ⟠ defidad.eth

19,537 views • 2 months ago

When the market gets boring and quiet and everyone turns bearish, I like to come back to the story of how I fucked it all up. And I fucked it up a lot of ways, because crypto is genuinely hard. People think the cycles just repeat. They don't. Every one has a different texture, a different context, and it is so easy to get it wrong. I got in back in 2013. Wrote the first ever macro piece on Bitcoin, and bought at $200, straight into a peak right before it slammed down and I felt like an idiot. But I had a thesis. And the mistake was never the thesis. It was letting the noise talk me out of it... selling, trading around it, being clever, when the only thing that ever worked was holding. That is the whole lesson, and it is the one that matters most at times like this. Crypto is one of the only real secular trends that lets you build wealth against the debasement of your salary. And as the Exponential Age accelerates, it matters more, not less. So when the market gets depressing, I do the same thing every time. I go back to the thesis, and I accumulate. Zoom out.
1:13

When the market gets boring and quiet and everyone turns bearish, I like to come back to the story of how I fucked it all up. And I fucked it up a lot of ways, because crypto is genuinely hard. People think the cycles just repeat. They don't. Every one has a different texture, a different context, and it is so easy to get it wrong. I got in back in 2013. Wrote the first ever macro piece on Bitcoin, and bought at $200, straight into a peak right before it slammed down and I felt like an idiot. But I had a thesis. And the mistake was never the thesis. It was letting the noise talk me out of it... selling, trading around it, being clever, when the only thing that ever worked was holding. That is the whole lesson, and it is the one that matters most at times like this. Crypto is one of the only real secular trends that lets you build wealth against the debasement of your salary. And as the Exponential Age accelerates, it matters more, not less. So when the market gets depressing, I do the same thing every time. I go back to the thesis, and I accumulate. Zoom out.

Raoul Pal

186,504 views • 13 days ago

Tom Lee: AI is stealing crypto's spotlight - but that's not the full story. "Crypto is still a really important downstream story to AI..." "Wall Street has an outdated tech stack that they want to upgrade and that is going to be built on crypto rails." Price is lagging, but the crypto adoption story hasn't broken. FT Anthony Scaramucci Thomas (Tom) Lee (not drummer) FundstratDirect.com All Things Markets SkyBridge.
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Tom Lee: AI is stealing crypto's spotlight - but that's not the full story. "Crypto is still a really important downstream story to AI..." "Wall Street has an outdated tech stack that they want to upgrade and that is going to be built on crypto rails." Price is lagging, but the crypto adoption story hasn't broken. FT Anthony Scaramucci Thomas (Tom) Lee (not drummer) FundstratDirect.com All Things Markets SkyBridge.

Milk Road

21,077 views • 1 month ago

Qullamaggie on Why You Are Losing Money Most of the Time “This is actually one thing I got from Peter Brandt on his blog. He explained it really nicely. I never thought about it before. The most successful traders and investors are gonna be in a drawdown most of the time. Like even this year, even though I'm up at least 500%, I've spent half of the year in a drawdown, at least. So expecting to be like peak equity all the time, it's just not gonna happen. You're gonna spend most of your time in a drawdown, even on a really good year. That's just how it works. You just need to realize it and you need to accept it. Look at something like AMZN, one of the best stocks like ever, in the history of the world. It's up what? 200,000% since the IPO. Now look at the amount of time it's been in a drawdown. out of the 23 years it's been public, it was in a drawdown for 15 years. NFLX out of 8 years, it has been in a drawdown almost half of the time. Being in a drawdown is normal. It’s not an anomaly. The question is how big of a drawdown are you gonna be in. I try to limit my drawdowns to 10-15% but sometimes they become more severe than that. Drawdowns, it's the nature of the game. If you want to have big returns, you are going to have drawdowns. If you don't have drawdowns, it means you don't take any risk. And if you don't take any risk, you won't have any returns.”
4:38

Qullamaggie on Why You Are Losing Money Most of the Time “This is actually one thing I got from Peter Brandt on his blog. He explained it really nicely. I never thought about it before. The most successful traders and investors are gonna be in a drawdown most of the time. Like even this year, even though I'm up at least 500%, I've spent half of the year in a drawdown, at least. So expecting to be like peak equity all the time, it's just not gonna happen. You're gonna spend most of your time in a drawdown, even on a really good year. That's just how it works. You just need to realize it and you need to accept it. Look at something like AMZN, one of the best stocks like ever, in the history of the world. It's up what? 200,000% since the IPO. Now look at the amount of time it's been in a drawdown. out of the 23 years it's been public, it was in a drawdown for 15 years. NFLX out of 8 years, it has been in a drawdown almost half of the time. Being in a drawdown is normal. It’s not an anomaly. The question is how big of a drawdown are you gonna be in. I try to limit my drawdowns to 10-15% but sometimes they become more severe than that. Drawdowns, it's the nature of the game. If you want to have big returns, you are going to have drawdowns. If you don't have drawdowns, it means you don't take any risk. And if you don't take any risk, you won't have any returns.”

Lone

22,190 views • 1 year ago

DOOCY: “Why do you think this keeps happening to you?” TRUMP: “The people that do the most, the people that make the biggest impact, they're the ones that they go after … I've done a lot … and there are a lot of people that are not happy about that.”
1:09

DOOCY: “Why do you think this keeps happening to you?” TRUMP: “The people that do the most, the people that make the biggest impact, they're the ones that they go after … I've done a lot … and there are a lot of people that are not happy about that.”

Chief Nerd

28,828 views • 3 months ago

ELON MUSK JUST EXPLAINED WHY HE IGNORES QUARTERLY EARNINGS, AND IT LINES UP WITH TOM LEE MORE THAN IT LOOKS He manages SpaceX on a 5-to-10-year horizon, the Mars spending was disclosed in the S1, and short-term earnings pressure mostly comes from managers whose own pay depends on quick results. Tom Lee's market thesis runs on earnings too, just measured in years, not quarters. He argues profits rising faster than prices is why the S&P is cheaper now than in January, with AI margin expansion still ahead. One ignores the quarter, the other tracks the multi-year trend. Both are pointing in the same direction: the long arc is what counts. I wonder if Tom Lee Thomas (Tom) Lee (not drummer) FundstratDirect.com sees Musk's approach as the same long-term lens he applies to the market.
1:30

ELON MUSK JUST EXPLAINED WHY HE IGNORES QUARTERLY EARNINGS, AND IT LINES UP WITH TOM LEE MORE THAN IT LOOKS He manages SpaceX on a 5-to-10-year horizon, the Mars spending was disclosed in the S1, and short-term earnings pressure mostly comes from managers whose own pay depends on quick results. Tom Lee's market thesis runs on earnings too, just measured in years, not quarters. He argues profits rising faster than prices is why the S&P is cheaper now than in January, with AI margin expansion still ahead. One ignores the quarter, the other tracks the multi-year trend. Both are pointing in the same direction: the long arc is what counts. I wonder if Tom Lee Thomas (Tom) Lee (not drummer) FundstratDirect.com sees Musk's approach as the same long-term lens he applies to the market.

Tom Lee Tracker (Not actually Tom)

109,304 views • 10 days ago

President Trump just gave an answer that will go down in the history books when Peter Doocy asked why assassination attempts keep happening to him. “We’ve changed this country and there are lot of people that are not happy about that.” TRUMP: “Well, you know, I’ve studied assassinations and I must tell you, the most impactful people...” “The people that do the most...you take a look at the people, Abraham Lincoln...the people that have gone through this...the people to do the most...the people that make the biggest impact, they’re the ones that they go after.” “They don’t go after the ones that don’t do much because they like it that way.” “And when you look at the people that have either...whether it was an attempt or a successful attempt, and they’re very impactful people just take a look at the names there.” “And I hate to say I’m honored by that but I’ve done a lot.” “We’ve taken this country and we were a laughingstock years and now we’re the hottest country anywhere in the world.” “We’ve changed this country and there are lot of people that are not happy about that.”
1:22

President Trump just gave an answer that will go down in the history books when Peter Doocy asked why assassination attempts keep happening to him. “We’ve changed this country and there are lot of people that are not happy about that.” TRUMP: “Well, you know, I’ve studied assassinations and I must tell you, the most impactful people...” “The people that do the most...you take a look at the people, Abraham Lincoln...the people that have gone through this...the people to do the most...the people that make the biggest impact, they’re the ones that they go after.” “They don’t go after the ones that don’t do much because they like it that way.” “And when you look at the people that have either...whether it was an attempt or a successful attempt, and they’re very impactful people just take a look at the names there.” “And I hate to say I’m honored by that but I’ve done a lot.” “We’ve taken this country and we were a laughingstock years and now we’re the hottest country anywhere in the world.” “We’ve changed this country and there are lot of people that are not happy about that.”

Overton

57,936 views • 3 months ago

🚨 Tom Lee: "Wall Street is about to build their entire infrastructure on the blockchain and the blockchain they’ve chosen is Ethereum" Here's why: - Ethereum has been 100% reliable since day one, zero downtime since inception - Layer 2s on Ethereum are scaling and catching the attention of finance + tech at the same time - Stablecoins = the “ChatGPT moment”, the vast majority are minted on Ethereum - The GENIUS Act has greenlit the stablecoin boom - Banks are now building stablecoin products directly on Ethereum - Stablecoin market could explode to $4 TRILLION - Wall Street is capitalizing tokenizing the entire world, and that’s a huge opportunity for Ethereum This isn’t a side bet This is Ethereum becoming the backbone of global finance $ETH is inevitable 🔥
2:17

🚨 Tom Lee: "Wall Street is about to build their entire infrastructure on the blockchain and the blockchain they’ve chosen is Ethereum" Here's why: - Ethereum has been 100% reliable since day one, zero downtime since inception - Layer 2s on Ethereum are scaling and catching the attention of finance + tech at the same time - Stablecoins = the “ChatGPT moment”, the vast majority are minted on Ethereum - The GENIUS Act has greenlit the stablecoin boom - Banks are now building stablecoin products directly on Ethereum - Stablecoin market could explode to $4 TRILLION - Wall Street is capitalizing tokenizing the entire world, and that’s a huge opportunity for Ethereum This isn’t a side bet This is Ethereum becoming the backbone of global finance $ETH is inevitable 🔥

Crypto-Gucci.eth ᵍᵐ🦇🔊

58,185 views • 11 months ago

Tom Lee on why institutional money HAS to buy $BMNR instead of $ETH directly. Large asset managers "can't buy ETH, the native token, because they would actually have to maintain a crypto wallet." But they can buy equities. Bitmine is in the Russell 1000 and trades on NYSE - "the only Ethereum large cap stock they could buy today." The equity investor universe is $240T. The native crypto investor universe is "a couple hundred billion." The numbers on where the big money flows is pretty clear. FT Thomas (Tom) Lee (not drummer) FundstratDirect.com Bitmine (NYSE-BMNR) $ETH.
2:00

Tom Lee on why institutional money HAS to buy $BMNR instead of $ETH directly. Large asset managers "can't buy ETH, the native token, because they would actually have to maintain a crypto wallet." But they can buy equities. Bitmine is in the Russell 1000 and trades on NYSE - "the only Ethereum large cap stock they could buy today." The equity investor universe is $240T. The native crypto investor universe is "a couple hundred billion." The numbers on where the big money flows is pretty clear. FT Thomas (Tom) Lee (not drummer) FundstratDirect.com Bitmine (NYSE-BMNR) $ETH.

Milk Road

59,155 views • 7 days ago

🚨 BOMBSHELL REPORT 🚨 The University of Michigan Consumer Survey has been corrupted and is provably inaccurate due to political bias. Thomas (Tom) Lee (not drummer) FundstratDirect.com just published a report showing that the survey group has skewed hard left over the last two years. The mainstream media is ignoring this story. Why won't reporters investigate this issue? Why won't they publish stories telling investors that they are being misled? Don't let them hide this story. As Tom points out, these survey results are fed into algorithms across Wall Street and the market is being structurally manipulated by the political bias. The people should demand answers on how this happened and request immediate corrections to the methodology.
8:16

🚨 BOMBSHELL REPORT 🚨 The University of Michigan Consumer Survey has been corrupted and is provably inaccurate due to political bias. Thomas (Tom) Lee (not drummer) FundstratDirect.com just published a report showing that the survey group has skewed hard left over the last two years. The mainstream media is ignoring this story. Why won't reporters investigate this issue? Why won't they publish stories telling investors that they are being misled? Don't let them hide this story. As Tom points out, these survey results are fed into algorithms across Wall Street and the market is being structurally manipulated by the political bias. The people should demand answers on how this happened and request immediate corrections to the methodology.

Anthony Pompliano 🌪

174,269 views • 9 months ago

"A lot of the answers you need are not going to happen until you're on the journey and that's what keeps most people from doing it." — Robert Rodriguez
0:37

"A lot of the answers you need are not going to happen until you're on the journey and that's what keeps most people from doing it." — Robert Rodriguez

Tim Ferriss

134,218 views • 1 year ago

Noem: Well, you know, how the fake news works. They leave out some or most of the facts.. I hope people buy the book and they find out the truth of the story because the truth is that this was a working dog and it was not a puppy,
1:05

Noem: Well, you know, how the fake news works. They leave out some or most of the facts.. I hope people buy the book and they find out the truth of the story because the truth is that this was a working dog and it was not a puppy,

Acyn

2,116,558 views • 2 years ago

Tom Lee made his market open debut today on the show and we discussed a variety of topics including Ethereum & Bitmine: - Why $ETH could be the biggest macro trade of the next decade - How $BMNR is growing the NAV & ETH per share at an accelerated pace - Ethereum end of year targets Thank you to Tom Thomas (Tom) Lee (not drummer) FundstratDirect.com for taking the time to join the show, we all deeply appreciated it!
15:56

Tom Lee made his market open debut today on the show and we discussed a variety of topics including Ethereum & Bitmine: - Why $ETH could be the biggest macro trade of the next decade - How $BMNR is growing the NAV & ETH per share at an accelerated pace - Ethereum end of year targets Thank you to Tom Thomas (Tom) Lee (not drummer) FundstratDirect.com for taking the time to join the show, we all deeply appreciated it!

amit

716,894 views • 11 months ago

Sequoia founder Don Valentine: “The art of storytelling is incredibly important” “The art of storytelling is incredibly important. And many—maybe even most of the entrepreneurs who come to talk to us can’t tell the story. Learning to tell a story is incredibly important because that’s how the money works. The money flows as a function of the stories.” The founder of Sequoia founder explains that the story is how you explain what you want to do, how long it’s going to take, who the competition is, and how much money you need. a16z cofounder Ben Horowitz shared a similar view in a 2014 Forbes interview: “Storytelling is the most underrated skill… Companies that don’t have a clearly articulated story don’t have a clear and well thought-out strategy. The company story is the company strategy.” He continues: “The story must explain at a fundamental level why you exist. Why does the world need your company? Why do we need to be doing what we’re doing and why is it important?… You can have a great product, but a compelling story puts the company into motion. If you don’t have a great story it’s hard to get people motivated to join you, to work on the product, and to get people to invest in the product.” This is the job of the founder and CEO: “The CEO must be the keeper of the story. The CEO is responsible for getting the story right, that it’s up to date, compelling, and can move the hearts of men and women. That’s the fundamental responsibility of the chief executive… The mistake people make is thinking the story is just about marketing. No, the story is the strategy. If you make your story better you make the strategy better.” Video source: Stanford Graduate School of Business (2010)
0:52

Sequoia founder Don Valentine: “The art of storytelling is incredibly important” “The art of storytelling is incredibly important. And many—maybe even most of the entrepreneurs who come to talk to us can’t tell the story. Learning to tell a story is incredibly important because that’s how the money works. The money flows as a function of the stories.” The founder of Sequoia founder explains that the story is how you explain what you want to do, how long it’s going to take, who the competition is, and how much money you need. a16z cofounder Ben Horowitz shared a similar view in a 2014 Forbes interview: “Storytelling is the most underrated skill… Companies that don’t have a clearly articulated story don’t have a clear and well thought-out strategy. The company story is the company strategy.” He continues: “The story must explain at a fundamental level why you exist. Why does the world need your company? Why do we need to be doing what we’re doing and why is it important?… You can have a great product, but a compelling story puts the company into motion. If you don’t have a great story it’s hard to get people motivated to join you, to work on the product, and to get people to invest in the product.” This is the job of the founder and CEO: “The CEO must be the keeper of the story. The CEO is responsible for getting the story right, that it’s up to date, compelling, and can move the hearts of men and women. That’s the fundamental responsibility of the chief executive… The mistake people make is thinking the story is just about marketing. No, the story is the strategy. If you make your story better you make the strategy better.” Video source: Stanford Graduate School of Business (2010)

Startup Archive

258,577 views • 1 year ago

TOM LEE: THIS IS CASH RAISING, NOT THE TOP Tom Lee Thomas (Tom) Lee (not drummer) FundstratDirect.com says the market is getting hit because institutions are raising cash ahead of the $75B SpaceX IPO. They may need cash for the IPO, then more cash to build a full market weight position in the aftermarket. That means selling recent winners. But Tom says the charts are not broken, this dip gets bought, and because so many people think SpaceX marks the top, it probably is not the top.
4:08

TOM LEE: THIS IS CASH RAISING, NOT THE TOP Tom Lee Thomas (Tom) Lee (not drummer) FundstratDirect.com says the market is getting hit because institutions are raising cash ahead of the $75B SpaceX IPO. They may need cash for the IPO, then more cash to build a full market weight position in the aftermarket. That means selling recent winners. But Tom says the charts are not broken, this dip gets bought, and because so many people think SpaceX marks the top, it probably is not the top.

BMNR Bullz

436,008 views • 2 months ago

.Justin Drake: "I don't see how ETH could not flip BTC" Justin is asked: What's Ethereum? Is it a settlement layer? A world computer? Monetary network? He responds: "For me, this hasn't changed for many years. Ethereum is the Internet of Value." "In order to be successful as the Internet of Value you need very good money at the center of it because that will be the substrate -- the economic bandwidth -- that will allow you to build a lot of services (e.g. loans, stablecoins)." "In some sense, the success of the platform and the success of the money are tied at the hip. This is why I think those who are pushing for ETH as money are really helping the platform and vice versa -- those who are helping the platform are helping with ETH the money." "One of my theses is that we'll have winner-takes-most platforms. There's only one Internet. There's only going to be one Internet of Value that captures 90-99% of all economic activity. And just for weird, path-dependent reasons, we have Bitcoin that is the largest money right now. But I think this is a highly-unstable equilibrium for multiple reasons. And I think the best candidate to win the Internet of Value is by far Ethereum." Fede’s intern 🥊 adds to this point, "I was never convinced there was a chance of [Ethereum flipping Bitcoin] to be honest. But I'm getting convinced there's a high probability -- you [Justin] have played a part in convincing me because of the issuance (declining block subsidy) and now the post-quantum. I do think there's a high chance that ETH becomes the dominant economic substrate in the long-term. I don't see how proof-of-work could work long-term." Justin echoes this: "Unless there's some catastrophic failure of Ethereum, I don't see how Ethereum could not flip Bitcoin." Source: Blockspace Forum Read our thesis on why ETH is better money than BTC below 👇
2:36

.Justin Drake: "I don't see how ETH could not flip BTC" Justin is asked: What's Ethereum? Is it a settlement layer? A world computer? Monetary network? He responds: "For me, this hasn't changed for many years. Ethereum is the Internet of Value." "In order to be successful as the Internet of Value you need very good money at the center of it because that will be the substrate -- the economic bandwidth -- that will allow you to build a lot of services (e.g. loans, stablecoins)." "In some sense, the success of the platform and the success of the money are tied at the hip. This is why I think those who are pushing for ETH as money are really helping the platform and vice versa -- those who are helping the platform are helping with ETH the money." "One of my theses is that we'll have winner-takes-most platforms. There's only one Internet. There's only going to be one Internet of Value that captures 90-99% of all economic activity. And just for weird, path-dependent reasons, we have Bitcoin that is the largest money right now. But I think this is a highly-unstable equilibrium for multiple reasons. And I think the best candidate to win the Internet of Value is by far Ethereum." Fede’s intern 🥊 adds to this point, "I was never convinced there was a chance of [Ethereum flipping Bitcoin] to be honest. But I'm getting convinced there's a high probability -- you [Justin] have played a part in convincing me because of the issuance (declining block subsidy) and now the post-quantum. I do think there's a high chance that ETH becomes the dominant economic substrate in the long-term. I don't see how proof-of-work could work long-term." Justin echoes this: "Unless there's some catastrophic failure of Ethereum, I don't see how Ethereum could not flip Bitcoin." Source: Blockspace Forum Read our thesis on why ETH is better money than BTC below 👇

Etherealize

170,709 views • 3 months ago