ETH staking chat, Rocket Pool revenge arc and more - The Daily Gwei Refuel #730 - Ethereum Updates

Transcript

hello everyone welcome to another episode of the delway refuel W up latest news new the Mak system I'm your host D to the 13th of February 2024 right everyone let's get into it so you guys know how I sometimes go on my bullish rants on the refuel and you guys seem to enjoy that very much and I enjoy doing them well on Saturday when I published the new daily guay drive-through episode that I did with Eric today it's basically one of those bullish rants for like a whole hour long and it's not just me it's me and Eric doing it because as I put out on podcaster today I said just recorded the most bullish eth podcast in history with Eric uh and it was really really bullish honestly we spent the whole episode basically just giving the bull case for eth why we think eth is

going to like 15K to 20K this cycle uh and everything in between basically uh and we also spoke about eth BTC that was a request from a lot of people about how you know what what's eth BTC going to look like going forward so I'm not going to spoil any of that for you guys as I said the episode's going to be out on Saturday um and and if if I do a rug fueld this week it probably it might be out on on um on that night instead but or that day I should say instead but I don't think I'm going to be doing a rug Fu this week uh famous last words right but yes plan is to release this on Saturday and I know the eth price has been quite bullish lately it's kind of funny what what's going to happen is

that maybe eth will be bullish all week and then I'll release this on Saturday and it'll be like the local top and eth will dump it's always seems to happen right but regardless of that yeah I just wanted to just let you guys know that just look forward to Saturday it's just so bullish like honestly I I can't wait to revisit this episode in like a year's time and see how right or wrong you know Eric and I were on this because Eric is really my spirit animal in ethereum I mean we've worked together for so long now you know through e and Into The Ether and even before that we we became uh good friends and he's been in ethereum longer than I have since basically day one but yeah I've learned a lot from him over the years and he always just brings such a different and

unique perspective to what I bring so yeah I'm looking forward to you guys getting to watch and listen to this on Saturday but anyway moving on from that onto some news so James cart here cyer someone actually corrected me on pronouncing James's name in The Deadly way Discord Channel I'm actually going to go back there quickly and see so how you pronounce it is safeer yeah okay James safer so apologies to James for mispronouncing his surname this entire time but you guys know that I suck at pronouncing anything um but anyway James CER uh saer uh yeah there I go again wow I'm really bad anyway he tweeted today saying Franklin Templeton which is a really large um tradire institution I think they managed $1.3 trillion in assets uh they have joined the spot eth

ETF race so they have obviously here filed for their spot e ETF um you know it's kind of funny because at this point like this is news but at the same time like for me I'm pretty much like expecting the ETF to be approved by May 23rd like there's it's not that there's no doubt in my mind that it'll be approved or not but like that's the expectation that I'm running on essentially uh not just because we have a bunch of these issues in the running right now very similar to what we had with Bitcoin you can actually see the list here on my screen I'll link it in the YouTube description as well um but just the fact that the fact that the BTC ones were approved and the fact that the eth one is basically identical to to the BTC one and the fact that it's it's

definitely in my opinion going to be a non-st ETF to begin with I just don't see a reason why it would be denied here and I've given my my kind of reasons before so I'm not going to rehash that here uh but yeah just another big financial institution getting involved with uh kind of uh spot e ETF uh and if these things do get approved by May 23rd guys like that's you know if if we get like the all-time highs on BTC and eth in what like I don't know late Q2 sometime in Q3 or something like that the ETFs are going to be live for that and we're going to have them live during the kind of like meat of the bull market so things are going to get pretty crazy and Eric and I discussed this on our episode I'm not going to spoil too much

of it there uh but yeah I just wanted to put it on your radar that another large tradire institution has filed for a spot eth ETF all right so I was looking at the Dune analytic dashboard here put together by Hill dubby that tracks basically a bunch of stats around ethereum staking and you can go check this dashboard out for yourself I'll link it in the YouTube description below but an interesting little metric that I saw was that ethery actually took in more eth deposits over the last month uh than Li and that's the first time I think that uh any kind of uh protocol in a while has overtaken Lio in in uh you know raw eth deposits here now of course ether fire has been running a pretty massive campaign uh there are liquid reaking protocol and they've been

running this campaign for a little while now but you can see here that they took in 305,000 eth over the last month whereas L took in 303,000 e now the thing is is that it's not just ethery it's everyone else too like look at mantle here mantle took in 245,000 eth right uh binance took in a bit but if we're talking about like um non I guess like uh centralized exchange U providers here you've got swell taking in 100,000 you know puffer would be here I don't know how much e exactly puffer took in but they took took in a lot I think honestly I think puffer took in maybe more than e fire in the last month because they took in like $800 million worth of eth or something like that something crazy uh but what the point of me kind of talking about this is is that

the E staking landscape is rapidly changing uh and it's changing in that there's a lot of eth now not going into Lio and going elsewhere and as you guys know a lot of the eth going elsewhere uh is you know in the form of St right uh but the thing is is that St is going to be kind of so L's market share is not only going down because people are using other staking service providers it is also going to go down from these vampire attacks that are happening and I remember I talked about like this great reshuffling a while ago now you know pre uh I guess like staking withdraws going live it was this idea that it would see a massive shuffling of steak from you know Lio and other providers into into newer providers right and I did say at the time that that would happen over a

long period of time it wasn't going to happen overnight it's it's it's a big ship you know they steer this thing it's like a cruise lineer it takes a while right and it's going to happen over years and I think we're finally seeing that play out especially over the last few months with the Advent of like these liquid reaking tokens and and basically all this competition coming online now uh liquid reaking tokens or not you know all this competition coming online now uh that competes directly with Lido's market share and I think Lido's market share is still at what like 31 I'm going to I'm going to look up here 31.7% right still around that 32% Mark that it's been stuck out for ages but at the same time as I said there's still those vamp attacks to come uh there's still a lot of eth that is going to basically

reshuffle because of the fact that they want to get access to uh farming points and farming tokens and reaking and all that sorts of stuff there so this great reshuffling is actually happening guys like it really is happening and at the same time we've also uh stopped Lio from growing on a relative basis too you know imagine a world where we didn't have all of these protocols Lio might be at like 40 50% stake by now but I remember arguing on the refill plenty of times that lios market share is everyone else's opportunity there was just no way that other providers wouldn't come in and say Hey you know we can do better than lier and we can actually grab some of this market share for ourselves which is exactly what has happened here and has been happening over the last few months in particular now of course ler

isn't the only provider that is of concern I think coinbase I mean coinbase isn't that concerning right now they're like less than 15% of the of the um of of the market share right now in terms of staking market share but we don't want them growing much more from that right we actually don't want them growing from that at all really I mean I love coinbase they're doing a lot of awesome stuff with Bas and and bringing people on chain and all that good stuff but at the same time that doesn't mean that we should root for them to be like even larger part of the beacon chain uh because of the fact that they are obviously one single centralized entity but I don't I don't think they're going to be I think that that we're going to have such a vibrant and awesome kind of

uh uh liquid staking ecosystem or staking ecosystem generally and then the kind of I guess I don't know if I'd call it centralization concerns but like those concerns people have with Lio maybe shift IG layer right because Igan layer right now is really the only reaking protocol benefiting from all of this there are other reaking protocols that I know of that may be coming online in the in in the future at at some point but they have basically no market share right now the entire liquid reaking uh kind of ecosystem is uh is in Igan layer so that kind of shifts the conversation to okay you know is Igan lay now that source of centralization is Igan lay now that big risk that we have to worry about and uh I don't have a good answer to that at this point I've gone through

it before on the refuel I think we're just going to have to wait and see and wait and see how how it all plays out I think I mean I think my good answer and like my best case scenario is that as I've said like reaking just gets enshrined into the protocol and then IGA just exists as a service on top of that that Taps into restak restake eth and allows you to spin up things like abss right that would be cool because it means that it's tightly coupled with the protocol it means it basically functions like like um the East taking contract generally right where we basically accept that there's this huge pull of eth in you know Stak basically or go that's in the deposit contract uh but that's tightly coupled to the protocol so the same thing would be true for reaking we're like okay well reaking is

now tightly coupled with the protocol we accept that that's all well and good you know we've removed a lot of the negative externalities of it just existing extra protocol uh and then Aon layer still exists it still provides a lot of value it just doesn't take on the role of of that reaking kind of role it just allow you know we just allow people to do that in protocol there but anyway going off a little bit of a tangent there you can go check out the staking dashboard for yourself I'll link it in the YouTube description below for you to do so all right next up here so I talked about this yesterday at length uh and this kind of concept of airdropping tokens to solo stakers to home stakers now I did a bit more digging and a bit more research on this cuz I think that

as I said yesterday the largest blocker to this is finding a good list of addresses that uh you know you have high confidence in our solo stakers and our home stakers in order to drop your token to because obviously you don't want to be dropping the token to people that aren't actually Solo stakers or home stakers and there's always going to be people who fall through the cracks but I did some research and I actually found a really awesome list here uh on GitHub which I'll link in the YouTube description below and this list is actually multiple lists so it has a list for solo Stak is pre merge solo Stak is pre- chapella solo Stak is just generally uh and uh yeah I mean and there got it's got uh so there's three lists and they split up into into a and b so obviously one of them is too long

to put in in a document here so they split it up here so those are the three kind of things here pre merge pre- chapella and uh and solo Stak is generally it's interesting that they have got pre merge and pre- chapella lists I wonder if projects are going to be using that for an airdrop at some point like if they if that's their criteria saying okay well we we just want to air drop to pre merge stakers or we just because those stakers are like the really I guess like aligned ones they're the ones who took all the risk before the merge sort of thing and I I'd wonder if like you go back even further and do like pre a certain date like imagine just doing the all the Genesis stakers essentially the people who uh SP up a validator at Genesis of the beacon

chain that would be that would be cool right there's no list for that right here but I think you can can extrapolate that list out from the addresses that are here now an interesting thing is I found this list when I was looking at a stark net governance proposal I think so if I I don't know if I have it handy here I was uh I came across it somewhere I think someone linked it to me in DMS actually because they were they were dming me about my um my tweet the other day I found that in there and I don't know who this is it says glcn which is the um the account that maintains this list GLC stake tier I don't know who this is or what project they belong to because they've been active in a bunch of different repos they're apparently associated with dap

node NE nethermind and and Celestia here uh or at least that's what they've been involved with so yeah I'm not exactly sure who this party is but these lists are really good I check these lists against my own addresses so against my solo validator addresses and my my rocker pool address which is just sassle e um because I I spun out my my mini pools from there and all of them were on this list now I checked other lists I checked raid. networks list and my solo validator wasn't on that list and rated. networks list only goes up to the first 500,000 validators but my my U one of my solo addresses is from Genesis like I literally staked at Genesis so and that wasn't on their lists so obviously I've fallen through the cracks somehow because that address that I used I've never used for anything else that

literally was only used to deposit in into um into into staking that might be why it fell through the cracks CU they might have seen that address and they might have said okay well this just looks like an address that was only used once it means it doesn't belong to a solo Staker but I used it once uh I don't know why I used it once at the time but I used it once and maybe that's why I fell through the cracks whereas this list actually picked up on it so as far as I'm concerned this is the golden list right now of solo stakers up to a certain point I think the last time it was updated was about four or five months ago so it's obviously not going to be capturing all the validators that have entered since then I believe uh yeah so it's up to date up to September

2023 but I'm sure you could just kind of update it again I'm not sure on the criteria that they've used here I don't know if there's actually um if that actually exists in this GitHub repository like if I actually look in here uh and see yeah actually no there is there is a bit of uh a bit of criteria here and stuff like that that I haven't looked at yet but you can go check that out for yourself of course but yeah I just came across this today wanted to share it with you guys I'm very curious if project is going to use this going forward I think that the pre merge criteria is very very interesting because as I said you get the most kind of aligned eth validators in in a pre merge world uh you know in terms of solo stakers right because they're the ones

who took a lot of risk because you know the merge was a big risk and then obviously before withdrawals were enabled your eth was locked and your solo uh sorry your contensous layer rewards were locked because this only captures solo stakers it doesn't capture liquid stakers that went through Lio just captures solo stakers so yeah you can go check out these lists for yourself see if your address is on there if you are a solo Staker as I said it does include Rock po stakers as well from uh from my research on this so if you are a Rocka pool note operator you should go check this out uh as well all right so speaking of Rocka pool actually perfect segue so I put out a little far cast or Little cast today on farter where I said Rocka pool's Revenge Arc is coming soon and to study these

three posts the first post is Jasper's post about Igan lay and Rocka pool and how they're going to work together I I highlighted this the other day if you haven't read it yet go go give that a read the second post is about rocket pool's upcoming Houston and satin upgrades which are major upgrades to the protocol and the third post is all about rl's tokenomics really and how that plays into the wider protocol now I do want to be clear here when I say Rocka pool Revenge Arc I mean the protocol itself I'm not talking about the token like I try to avoid as much as possible talking about tokens except for eth um because of the fact that like you I mean I'm invested in RPL right so that's a conflict of interest there obviously I've invested in eth as well but eth is

a different thing you guys know that I don't plan to sell sell my eth or anything like that I mean I don't really plan to sell my RPL either but I think that for me I just like to stick to talking about eth when I'm talking about uh uh kind of giving like a bull case for it so when I talk about projects I'm not talking about their tokens I'm talking about the project themselves but logically at least in a smart Market which I don't think crypto is but you know in a smart Market over the long long term if Rocka pool succeeds if Rocka pool keeps growing if it drives value to the Token then you would expect the RPL would perform well as well but I make no comment on what it what it's going to do I hold RPL I mean it's all

how much I hold it's on s. it's all staked with my mini pools right I'm part of the odow as well so it's Stak there too uh but the point of this post was just to show you guys that Rocka pool is not kind of dying or anything like that I don't think anyone said it's dying but they got a lot of they got a lot of stuff planned a lot of exciting stuff you definitely go check this out I'll link it in the YouTube description below for you to do so all right Josh Rudolph has a fresh update for us today from the latest verical implementers call number 12 here so uh this week's agend genda covered updates from client teams test Nets a few eips uh testing team updates and deprecating serialized commitments so as usual this update uh I'll link in the

YouTube description for you to give a read to uh but this works as a nice little springboard for me because I actually DMD Josh a few days ago and I and I said to him I'm like look I I'm really excited about the Verge I'm really excited about veral trees and statelessness and state expir and all that but I think that generally people don't know much about it from like a explain thaton 5 or a plain English kind of um a plain English explanation so I said to him I'm like I think it would be a really good idea if you put together a nice blog post explaining what veicle trees are why they're important for ethereum why statelessness is important for ethereum and then what the actual flow on effects are of of The Verge what does The Verge enable for the end user

because I've spoken before in the past about how the Verge lays a lot of groundwork for a lot of really cool upgrades it potentially allows us to raise the gas limit on L1 to you know 10 to 100x it depending on kind of when we Implement these things things along with a lot of other things that touches this kind of part of the road map here but you wouldn't know about that because a lot of it is buried in eth research posts you know a lot of it is me just giving you a high level overview of things like I'm not an expert on this stuff I'm just giving you the view from where I understand and yes you can go research it yourself obviously there's that website that I've shouted out before uh verle doino but most people are not going to do this so I said to

Josh I'm like hey put a blog post together put a tweet thread together we'll you know we'll push it out like I'll help push it out help get eyeballs on it and we'll educate people about the fact that e L1 is still scaling for L1 ethereum L1 is not aify anytime soon and there is a lot of exciting stuff happening it's just that it happens over longer time periods and it's just that we're not taking shortcuts to get there so look forward to that I'm definitely looking forward to that I mean Josh messaged me today and he kind of came up with like a big um big bit of feedback to me for me and I was just like wow okay you know this is awesome like I was reading through it and I was getting really excited but I'm not going to you know show you his DM or anything like

that to me cuz I don't want to um I don't want to uh kind of like uh uh uh inade his invade his privacy or kind of like um show you DMS or anything like that but that will translate into the blog post that I think he's going to be putting out at some point I don't know when I just gave it to as a suggestion to to him but he agreed with me that it was something that should be out there in order to educate people uh further on this but I mean you don't have to wait for that as I said you can go to verle doino if you want to learn more about this but yeah The Verge is definitely a very exciting and under discussed part of the road map which is going to be the main road map item next year as I've

said 2025 belongs to the verge 2024 obviously belongs to uh blobs with IP 4844 and dencon and then Petra towards the end of the year with in uh inclusion lists and a few other uh kind of eips going into that don't know about max effective balance yet maybe it's in there maybe it's not but yeah 2025 definitely belongs to The Verge that seems to be the year where things are going to start kicking into high gear uh for for The Verge there all right so uh Terrence has a fresh new eth research post today all about uh epbs or minimal epbs and some of the changes that would need to be made to the beacon chain to enable this now you guys know that epbs or ethereum proposed Builder separation is a large road map item it has been on the road

map for quite a while now it's basically putting uh the me boost relays uh into the protocol so enshrining them in the protocol so that we don't have to deal with these relays and basically taking a lot of power away uh from from that kind of extra protocol stuff there now you may think this is simple but it is anything but it is a complicated process it requires changes to the Beacon chain which are always things that need to be thoroughly researched before we can make changes here uh but definitely it has a lot of benefits uh the you know the main benefit is the fact that we get rid of these relays who really are alterists they're kind of like operating out of alism right now uh it gets rid of the censorship concerns with relays uh and it basically allows us to enshrine

another thing in the protocol which makes it easier for cord devs to reason about without having to worry uh about kind of like me boost relay's existing extra protocol and then having to add that extra overhead for them this kind of allows you to to kind of put that uh put that the rest there but yeah you can go read this eth research post from Terren I'll link it in the YouTube description below for you to do so all right speaking of PBS and epbs and Builders and relays and proposal and and things like that soy spoke here has a new re e research post today all about uh realigning proposed Builder incentives with predictive me burn now this will of course uh not uh be a kind of like an epbs thing cuz epbs really targets the relays this is outside of that where essentially you want to make

sure that the proposers and Builders have the same incentives on the network uh and that we integrate MV burn into that in order to kind of align those incentives there now you guys know that me burn has been an active research topic for quite a while now headed up by dooy and Justin Drake uh as the ones that have been most loud about it and they've been on the bankless podcast talking about this but there are a lot of other people working on this stuff now uh including soy spoke uh so I think they've taken like a lot of The reigns on the research side of things uh I'm not sure how involved domoy and Justin are with it right now but there's a lot of work going on here into me burn in the context of uh essentially uh aligning proposed Builder incentives because that is really what we want to

do we want to align incentives in order to get rid of the negative externalities like sensorship because as I mentioned yesterday we have basically accepted that Builders are always going to be you know centralized just by Design and that is the economic incentive so there's no point fighting that there's no point trying to work around that because by doing so it can end up just being futile and there's a lot of wasted research and development that goes into that for us just to end up back at square one or or basically uh get you know end up back at the start so essentially what can we do to basically realign or align incentives because that is really the goal of mechanism design is aligning incentives uh with crypto economics with cryptography and making sure that all of the parties are doing things that yes are in their best interest but also in

the best interest of the network so that's essentially what this post is speaking to but you can go give this post a read I'll link it in the YouTube description below for you to do so all right so you guys know that there is currently a 1 minute short uh animation being developed for EIP 4844 uh Trent Vans uh tweets about this or casts about this a lot and I've talked about it a lot on the reuel if you want to know when this is going to go live you can go to 4844 animation. comom and put in your email address uh here to get notified when this is live so I've said to you guys there's going to be an nft drop that's part of this as well so this will notify of the nft drop uh too so that you don't miss that nft

you know this is another thing that I think that can become part of airdrop criteria I know I've said before that I know being part of the kzg ceremony being you know having a 4844 NF uh short film nft having an a559 nft these are things that I think should be included in airdrop criterias if you're going to airdrop to you know the most loyal ethereum community members and things like that I hope that they are but just generally I think owning a piece of ethereum History is always a good thing like I own the number one e559 nft I'm very proud of that uh honestly like I love it I mean I used to display it behind me in my videos when I had the um when I had the digital display up but I don't have anywhere to put it behind me so it's not there uh but I used to

display that there I was just I'm just so proud of that nft so maybe I can get the number one nft of EIP 4844 here but regardless of that yeah you can just sign up here just wanted to put it on your radar I'll link this in the YouTube description below uh for for you to put your email in and you'll get up updated as soon as the nft mint and film are live all right last up here I just wanted to give a shout out to Justin Drake uh he has shared uh basically a video and notes from the first ethereum sequencing and pre-confirmation call now this is a new call that Justin Drake has put together with everyone working on anything got to do with layer 2os and sequencing and pre-confirmation and shared sequencing and boosted rollups and all that stuff there to basically

land on a standard way of doing these things over the coming you know months and years here this is very very important for the future of ethereum this is very important for a lot of the stuff that we've talked about recently on the refuel with regards to fragmentation of liquidity and kind of like re uh you know defragging that and kind of realigning the liquidity again so this is very important so there are two uh kind of notes that you can check out which I'll link in the YouTube description below as well as the call itself the notes pretty much give you the gist of the call uh and so you can just read the notes I did and it was you know just a really quick read to get through and got get the TA the hour of the call but of course you can listen to

the call yourself if you'd like as well there and also Justin shouted out that flash bot Tao and uh the ethereum foundation are open to Grant applications with most teams uh hiring as well so yeah if you are looking for a job in crypto guys if you're looking for a career change maybe you follow crypto but you don't work within it there are so many teams hiring right now and obviously we're going into another bull market so there's going to be plenty of um of money around plenty of people raising money uh in order to kind of like keep their burn uh you know uh sorry keep their Runway to to a really long length as a project even if you're a startup and there's just so many exciting opportunities happening right now to work within the ethereum ecosystem so if you are interested in in

doing that you can go check out a lot of these teams but at the same time I wanted to give another quick shout out here to cryptocurrency jobs I'm going to bring this website up and I'm going to link it in the YouTube description below but you can go to cryptocurrency jobs.co uh they have uh so many jobs listed on here so if you are looking for a job within crypto not just within the ethereum ecosystem but within crypto generally you can go check out this uh website for yourself uh I'll link it in the YouTube description below and there's just so many jobs here but across like every you can think of whether that be development marketing design operations you know anything you can think of uh it's here so yeah definitely go check this out I'll link it in the YouTube description below and

I do have a couple of minutes left here and I'm glad that I do because there's something that I wanted to to talk about uh maybe it might be a little bit redundant for me to talk about this because you're going to hear a lot about it on the episode I did with Eric on on Saturday today but I did want to just spend a couple of minutes here talking about the fact that as I've said before we have entered the early bull market I said that like a few weeks ago we we entered the early stage of the bull market and things are going faster than I anticipated to be honest I think that the ETFs have really change the calculus of things you know BTC going to 50K I didn't expect that to happen as soon as it did as bullish as I am I figured that

we'd range for a bit and then you know and then go to there but I think that the ETFs really have changed the calculus yet now of course the ATF doesn't just apply to BTC it applies to eth because as if you believe as I believe the eth ATF is going to get approved in May then you would you're going to see similar price action on E that we saw to BTC at least that's my belief there's no guarantee it's just my belief here now because of that it begs the question like are we going to have like a shorter cycle because if you actually look at the previous Cycles the fouryear Cycles to today BTC is already way ahead of its previous Cycles it is like at least 3 to 6 months ahead of its previous Cycles so does that does that mean that we're going to have a shorter

cycle or does that mean we're finally broken out of the 4-year cycle does that mean we can no longer rely on the fouryear Cy fouryear cycle at least for BTC and eth uh maybe the other assets out there are just kind of uh left in the dust sort of thing and maybe BTC and eth trade on their own for a while those assets will still probably go up but maybe those assets kind of do their own thing and they just like I don't know trade differently to BTC and E so it's just an open question that I have right now and I don't think we're going to have an answer to this until this entire cycle plays out but yeah just it's it's looking very different right now guys like I I mean just the the sheer time difference between the last cycle to this cycle is staggering like right now

in 2024 This Is 2020 if you look at the fouryear cycle and we're in February of 2020 like and I'm not talking about uh the co dump that came after right cuz I don't expect that to happen again because that was a Black Swan but if you just erase the co dump and look at the price action back then to today it's very very different like BTC is at least 36 months ahead of back then uh even though we're at the you know we're at that kind of like period you would have expected BTC to go to 50K based on the four-year cycle towards the end of Q3 into Q4 and then hitting all-time highs in maybe you know q1 2025 but we've vastly accelerated that so unless we have another market-wide sell off unless we going to like a long sideways towards maybe Q3 you know Q4 then it's safe to

say that the fouryear cycle has been broken at this point I think we have enough evidence of that I'm not going to say it's for sure been broken yet but we have enough evidence I think at this point to say that it probably is and that's that's crazy guys like because that cycle has been going on for a very long time now uh but we'll have to see how the rest of this cycle plays out we'll have to see how the bare Market plays out like does BTC not go and eth not go down 80% again because or the fact that they now have these ETFs and they have the ETF bid I don't know we'll have to see I'm not going to tell you things aren't going to go down of course they are but I'm going to be very very curious to see how BTC and eth perform

uh from now on from a price perspective and also how the rest of the market performs too because obviously BTC and eth influences the rest of the market as well so it's going to be a very interesting thing to see over the next year or so but anyway on that note that's going to be it for today so thank everyone for listening and watching be sure to subscribe to the channel if you haven't yet give it a thumbs up subscribe to newsletter join the Discord Channel and I'll catch you all tomorrow thanks everyone