Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token".
Three primary reasons:
1. ETH as fee-burning token never was as strong as it seemed
2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance.
3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS)
EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere.
The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.
Add OKB to my portfolio for this cycle.
OKB is the on-chain ecosystem of OKX. In each cycle, OKB always creates a higher peak than the previous one. I believe it will continue to rise in this cycle.
Will ATH be reached by the end of this year?
Focusing on leading projects in the sector (currencies, smart contracts, defi, ...)
You don't need a 100x return to get rich quickly
Generate profits several times the initial investment in each cycle and repeat the process
Simplify and be patient
druckenmiller has this line about why you'd ever put money into your tenth best idea instead of more into your first.
i think this especially is relevant to crypto, because crypto diversification is somewhat of a meme.
in stocks, diversification can be somewhat useful. a defense stock, a tech stock, a consumer staple. actual different businesses, actual different cash flows, depending on how the economy is moving these can balance each other out.
in crypto everything follows btc at different levels of beta. btc up 5%, majors up 7%, small caps up 10%. btc down 3%, mids down 8%, small caps down 20%. if there is a "decoupling" from btc it is temporary.
so if the goal is maximizing return, concentration is the powerful tool. nail one or two picks and the math gets life changing. nailing ten picks at the same time basically never happens.
but there's a big downside too: single name risk in crypto is brutal. rugs, exploits, a founder tweeting something dumb, macro dumping everything at once. concentration means eating all of that with no cushion.
but none of this is easy. if it was easy everyone would be rich.
This August shows quite strong demand for HYPE, so I will continue to hold (MrTrump will bring HYPE to America, LFG!!!)
My target for HYPE this year is in the R3~5 range (The price needs to reach those points to confirm; it's impossible to predict where the peak will be).
The market is about to enter a recovery phase, with $HYPE outperforming most other cryptocurrencies, including $BTC and $ETH, this year and soon reaching ATH.
Price has broken out of the sideways trading range since the beginning of the year
The entry point is quite good for buying and waiting until around Q4 of this year