
Empire Time To Buy The Dip? | 1000x
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May 2, 2024 Discussion on whether it's time to buy the dip in the crypto market post halving, bullish case for ETH, strategies for finding the next big trade, insights on staking vs supply dilution, trade structure for alpha, and exploring on-chain derivatives protocol Perennial for efficient leverage.
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ETH as an Election Play
- Buy ETH as an election play, benefiting from potential ETF approval regardless of the outcome.
- The SEC's classification of ETH as a security seems unlikely to gain widespread support.
Ethereum's Value Proposition
- Ethereum's value lies in its battle-tested code and reliability, which attract institutional interest.
- Security and predictable settlement are prioritized over speed for certain financial applications.
Crypto Native Drivers and ETH Narrative
- Crypto natives, the primary drivers of altcoin markets, are less concerned with institutional appeal.
- Narratives drive markets, and ETH has upcoming catalysts like EigenLayer.
