If you're looking to buy ETH in the next month read this before you do....
7/11 - Daily market commentary from someone who has a front seat on all things markets 🧵👇
@WClemente I think the take away here is to not own real estate. Assuming the scenario comes true, this will not be a zero sum game where some states realize a surge in real estate demand. I think it’s a conversation of who gets hurt least if that makes sense.
I know something with absolute certainty:
The public adoption of ETH hasn’t even started.
Everyone here right now has been here. Retail doesn’t even have their pinky toe in the door.
Sources? Literally just talk to anyone that isn’t your crypto Twitter friends.
Even if we continue to dump through September, this still doesn’t feel like the end of the bull run.
CPI can make everything else irrelevant. Inflation in check means one thing, rate cuts. Which means up only. Price discovery mode.
Don’t fight the fed.
Was hoping for a rally through end of August on back of low resistance (sellers on vacation) and NVDA earnings (Aug 27th).
Current course reverses with a dovish Powell at Jackson Hole (Friday) as sentiment is negatively skewed at moment
Regardless, September seasonals are ugly
Portfolio looks something like this:
Jensen (NVDA)
Musk (TSLA)
Saylor (BTC)
Tom Lee (ETH)
@spencer@moonbirds
Heavy allocations. Large bets.
When you have operators you believe in, this investing thing gets a lot easier.
Sometimes it really is that simple.
Cant name a project with more momentum than @moonbirds
Feels like every pullback is an opportunity (or a missed one at how fast the bounce back is.
Market clearly believes in @spencer it’s a dangerous train to get in way of.
Should be watched in full. Ben is Bible. It feels really really really good right now.
Seeing $80,000 price targets flying around...
Strap in, be prepared for the CPI print this week and don’t be afraid to take profits on the way up.
@benjamincowen