There are a lot of punk ass bitch, thin skinned, yuppy day traders that will tell you “the ETF is priced in” or “it’s a buy the rumor sell the news event”.
Anyone that understands what Ethereum is and why it matters, knows the ETF is irrelevant. It wasn’t designed to be a novelty derivative for hedgies and brokers to speculate on.
Ethereum is designed to migrate away from untrustworthy hedgies, brokers and the derivative market. For the kind of settlement finality that they have failed to provide.
Let’s say this is the worst case scenario and all the rats tuck their tales and abandon ship all at once, today. That would bring us down to anywhere from $2,500 to $1,800. BFD!
But on the other hand, look at what you have to gain if Wall Street migrates to Ethereum as a settlement layer, away from the DTCC.
I’m not talking full scale adoption. Just dipping their toes and testing the waters. But for reference the DTCC settles Quadrillions of dollars in transactions.
Obviously eth isn’t gonna grow that big over night or even this cycle, but it has a lot of room to grow.
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