Why Ethereum Is Positioned Better Than Bitcoin Right Now (ETH/BTC Setup)

Transcript

And I think that Ethereums right now are particularly strong, it's particularly well positioned, and I think that there's reason to expect that that we'd see some strength relative to BTC from Ethereum here. >> Just like the streets of Manhattan, I'm going to keep this quick. Over 70% of our viewers are [music] not subscribers. Yes, you. Every week we interview some of the best entrepreneurs and investors [music] in the financial industry. The easiest way to support our channel is to hit the like [music] and smash the subscribe button. Now, sit back, relax, and enjoy today's show. Gas fees are so low on chain right now on ETH that, you know, we're talking like cents and dollars of holdings.

I still think, you know, you you look at the um Binance Coin IEO era, where where you needed to hold BNB to get part of these launches on on Binance. You look at the you know, ETH ICO era, you needed to hold ETH to get you know, to be a part of these raises. You know, in Solana in 2024, you need be have sole paired to meme pairs in the LP pools, you need to hold sole to basically trade and gamble. So, there's like a part of of moneyness [snorts] in the on-chain world, but again, like where ETH is going, the the marginal user holding 36 cents of ETH in their rabbid wallet isn't really like moving the needle for ETH's properties of moneyness.

>> I agree. Yeah, I think we're aligned on that, but yeah, we've got around like 45, 50 trillion or 50 billion rather, um dollars worth of tokenized real world assets on chain. The bulk of that is in Ethereum. It's only going to continue to expand and accelerate, and the people who are going to be uh bringing that capital and those assets on chain are going to want to be able to pay have a little bit more flexibility in what they pay their gas fees with. So, I think it's just part of the growth of Ethereum, um and I think it's just going to continue the the the narrative and um the demand for ETH and for the Ethereum network so.

>> then as far as performance against Bitcoin goes, just max bullish? Like, what's your take here? >> You know, a lot of people are are very closely watching the the ETH BTC chart and saying like, oh, maybe we're breaking out of this downtrend here, maybe it'll hold. I think it's a little early to say for sure one way or the other, but I think that there are fundamentally different value drivers for a lot of different digital assets in the ecosystem. They're not all created equal. They aren't all, you know, driven by the same thesis or thesis or whatever whatever it would be. Um, and I think that Ethereums right now are particularly strong. It's particularly well positioned and I think that there's reason to expect that that we'd see some strength relative to BTC from Ethereum here. Um, so I yeah, I'm bullish and I

think it'll it'll be interesting to see how that plays out, but I'm not like pounding the table calling for a specific target on that. I think that they both can and should continue to grow together. Um, so I'm bullish on both of those assets. >> Is there a catalyst for Ethereum you're looking for? What one of these upgrades that's coming? Um, something with quantum? Is there anything specifically till the end of the year early next year that you see as a catalyst for Ethereum? >> I think that there'll be a lot of things unlocked with Glamsterdam. There's a big commitment and focus in the Ethereum community right now and the the EF and ETH labs and the developers and the researchers on making Ethereum faster.

So, lean Ethereum, fast Ethereum, these are the things that they're focused on. Um, and they're also, you know, ETH systems and and other players are working on coming up with um, solutions for rational privacy that are compatible with Ethereum to be able to bring additional um, additional institutional activity on chain which is very important to them. So, all of these things are in progress and there's a lot of different actors in the ETH ecosystem that are actively working on these things. All of those are value drivers. All of them are scoring big wins across the board like bringing Revolut with their tokenized euro uh, on onto Ethereum is a big win.

There's a lot of tokenized things happening um, at Coinbase, at Robinhood, at various other players. So, there's a lot of that happening at the same time. >> Yeah, there's this regulatory >> tailwind >> tailwind too of >> which ETH benefits the most from, I think. >> I agree with that. I mean, I think if ETH if clarity goes through, it's mega bullish. I don't think it will, but this organization exemption, mega bullish ETH. Look, if it if it's if it surprises, hell yeah. But like just basic expectation is there are regulatory tailwinds for Ethereum specifically in the next 6 to 12 months. >> I give you actually, I think this might be the most bullish outcome because the Clarity Act had become less of a bill for crypto and more of a bill to protect institutions and uh >> Yeah, banks. Yeah.

>> And to like kind of like DeFi a little bit and I think now if we get regulators to push through a lot of regulatory clarity and allow a lot of things to come into the US, it's very hard to like put that genie back in the bottle and we might be able to get a much more crypto-friendly environment than we might otherwise have gotten if the Clarity Act had come through because that that could be a Trojan horse of just bureaucratic red tape that would just tie up the industry even though it looked like they gave us a bill to help us. >> Yep. >> Um so I think this might actually be the max bullish outcome here. >> And there's more there's going to be more nuanced acts or bills or law that will benefit specific sectors is my understanding.

Right, we we have genius that's very clearly for stablecoins and and we'll have tokenization rules, we'll have prediction market rules, DeFi rules, vault rules. You know what I mean? Instead of just like this broad like paintbrush, you know, all green, all red across the, you know, canvas, it's like very much more specific drawings. >> Yeah, I would hope that that would be the case. It would be nice to have some nuance in government. Um it would be nice to know if a Pokémon card is a security. Uh you know, there there there'd be a lot of a lot of answers I'd like to get from our regulators and some specific nuance to to the regulation that actually makes sense for what they're regulating.

>> Yeah.