BTC $50M. ETH $1.5M.
Eric Jackson of EMJ Capital, who became known for his bullish Carvana call when the stock was trading around $11 to over $300, just gave an extremely bullish 15 year target for bitcoin:native and $ETH.
His thesis isn't based on ETFs or halving cycles.
It's Agentic AI.
Jackson believes billions of people will increasingly trust AI agents to manage everything from travel bookings to investment portfolios. As AI becomes the interface for the economy, crypto becomes the settlement layer powering it all.
If AI agents are moving trillions of dollars around the world, they'll likely gravitate toward the deepest pools of liquidity and the most battle tested networks:
Bitcoin and Ethereum.
If AI agents end up controlling trillions in capital, where do you think that liquidity settles?
One day, quantum computers will be able to crack the cryptography that secures almost every blockchain.
Most of crypto is ignoring that. Ethereum isn't, where devs are constantly cooking on the fix.
@leanEthereum's devnet5 is a big step. A whole block's worth of the new quantum-proof signatures, now squeezed into one.
Michelle and I can’t wait for you to visit the Obama Presidential Center!
Starting on June 19, the Center will be open to the public, and you’ll be able to check out the Museum along with public spaces like a new branch of the Chicago Public Library with a reading room, a two-acre playground, a fruit and vegetable garden, and more.
Tickets available at https://t.co/ahkDMKalIn.
Last week I travelled to the North Pole to film 100 core developers building Ethereum.
But there was a twist...
They had 5 days to build the first devnet for Glamsterdam, Ethereum’s next major upgrade, helping secure a $500 billion network.
It was the most magical experience of my life.
I’ve never experienced energy like it.
It very quickly became, to me, the ultimate hackathon.
With the stakes of Ethereum’s uptime.
But how does anything stay together when no one is in charge?
At one point @TimBeiko said: “we're about to turn 1 month of async work into 1 day”...
From 4am technical drama (shit gets hot),
To the most beautiful coordination between client teams,
All the way to people really explaining why they do this.
These are THE heroes you’ve never heard of.
This is about the people keeping Ethereum alive.
This is THE story.
The people who have put a decade of work into Ethereum’s uptime.
Full documentary coming soon.
There's really no point investing into any other blockchain at this point
It's all going to ETH
Why?
Banks need decentralization, neutrality, resilience and smartcontracts
Every other blockchain traded away the above elements for speed
There's only one viable smartcontract blockchain in this world and it's Ethereum
Few
A great EthCC talk from @worthalter about the past and future of @poapxyz.
Participating with POAP over the years has been a real privilege and I can't wait to see what's next!
https://t.co/lUsV3f4MUH
Alpha is live.
After nearly a decade, the first feature-complete privacy stack on Ethereum is here.
Developers can now build apps and contracts with ground-up customizable privacy, from execution to settlement.
https://t.co/ITasZpe0yM
In early 2024 it was becoming obvious Ethereum L2 roadmap had a fatal flaw.
No shared liquidity.
Each L2 was a separate nation - with its own borders and economics - rather than the United Chains of Ethereum we'd envisioned in 2021 and 2022.
To be blunt: the L2 roadmap was a bit of a let down.
At DevCon 18 months ago many hoped for an "Ethereum 3.0" plan that would unify our rollups.
Instead, we got Justin Drake's 5 year long early Lean Ethereum journey. (Which has since solidified into a brilliant execution plan to scale & strengthen Ethereum, but at the time was received with disappointment.)
We wanted a plan to unite the chains.
@koeppelmann's presented an early form of that plan - he called them Native Rollups. These would be rollups that share liquidity, composability, and validators with Ethereum's L1.
Rather than L2s as a loose alliance of chains that opt-in to shared security (the NATO model) we'd get a strongly coordinated yet federated economic union of chains (the U.S. model). No hard forks required.
I hadn't seen much movement on this vision until now.
But @etheconomiczone appears to be a serious attempt at a United Chains of Ethereum.
ZK is the tech unlock and we get the zk genius of @jbaylina leading this.
The engineering ability of @gnosis_ gives credibility this will ship.
And the support of @ethereum foundation makes me optimistic this will remain open and credibly neutral.
If Ethereum pulls this off - if it unites its chains into an integrated economic zone - while shipping quantum upgrades and L1 scaling of Lean Ethereum in parallel...
Ethereum will gain an unstoppable network effect.
It will finally deliver on its core promise
Ethereum = world ledger.
ETH = world reserve asset.
The latest @thedailygwei Refuel is ready for your consumption! ⛽
Today's topics:
- Post-quantum Ethereum 🔐
- Fast confirmation rule 👍
- L1<>L2 relationship 🤓
- and much more ➕
Watch 👇
https://t.co/fyR3I2f2MF