jiiggy.eth🦇🔊 @jiiggy8 - Twitter Profile

jiiggy8 retweeted

11 months ago

Here's an image to help everyone visualize the paradigm shift happening in crypto and why it's different now. 2016-2024 was just a kid's playground for VCs and grifters to fleece clueless retail with alt L1s, while Saylor piled billions into BTC, and ETH quietly built. All while operation chokepoint 2.0 discouraged any large players from entering. This was "the market" that dominated the space for almost the last decade. This isn't a subjective opinion. When you take away everything pre 2024 such as the ETFs (that opened the door to TradFi & pension funds etc, such as Michigan's pension fund being the first state to buy ETH ETFs in Nov 2024), DATs buying $8B+ of ETH in 2 months (@sharplink & @BitMNR), the influx of institutions building on Ethereum (Blackrock's BUIDL fund, Robinhood's L2 etc), who were the remaining market participants? It should only take a few seconds for anyone above room temp IQ to understand why ETH underperformed for so long. There are 3 types of conclusions people will have when they look at this image. Left curve: You unironically refer to "the market" deciding that BTC is special and therefore will always be a better SoV. You believe the crypto market was efficient, a mature industry, and comprised of sophisticated investors with no information asymmetry. Mid curve: You think ETH underperformed due to whatever backfilled narrative attempts CT KOLs/VCs came up with such as value accrual issues, loss of REV to parasitic L2s, Solana stealing the memecoin market etc. While not applying those same standards to assets like BTC/XRP/ADA that still trade at huge valuations but have no onchain activity. Right curve: You realize "the market" as it existed in 2016-2024 never traded on fundamentals. It was just a very limited set of participants where 99% were driven by short term financial gain. Meaning they were financially incentivized to buy everything EXCEPT ETH. If you were a risk averse or less informed crypto investor = buy BTC because Saylor was piling billions into it, while Gensler was threatening to label everything else a security If you were a crypto VC (almost none of which participated in or even existed during ETH's ICO) = bid/shill your own vaporware that you bought in at seed rounds, rinse and repeat If you were a retail investor = gamble on the next low cap meme or alt L1 trading sub $10 hoping for a 100x Nothing in that period of time was ever going to convince the above participants that ETH was the right choice besides those with conviction in Ethereum's long term vision. A decade later the regulatory fog has finally lifted with the GENIUS + Clarity act, the SEC's Project Crypto, and governments + institutions are fully embracing blockchain technology. The previous 2016-2024 era investors may not have cared, but this new wave will likely care about which blockchain has the best track record with zero downtime, the most decentralized, credibly neutral, and with the largest onchain economy. The ticker is $ETH.

bogdanoffi's tweet photo. Here's an image to help everyone visualize the paradigm shift happening in crypto and why it's different now.

2016-2024 was just a kid's playground for VCs and grifters to fleece clueless retail with alt L1s, while Saylor piled billions into BTC, and ETH quietly built. All while operation chokepoint 2.0 discouraged any large players from entering.

This was "the market" that dominated the space for almost the last decade. This isn't a subjective opinion.

When you take away everything pre 2024 such as the ETFs (that opened the door to TradFi & pension funds etc, such as Michigan's pension fund being the first state to buy ETH ETFs in Nov 2024), DATs buying $8B+ of ETH in 2 months (@sharplink & @BitMNR), the influx of institutions building on Ethereum (Blackrock's BUIDL fund, Robinhood's L2 etc), who were the remaining market participants?

It should only take a few seconds for anyone above room temp IQ to understand why ETH underperformed for so long.

There are 3 types of conclusions people will have when they look at this image.

Left curve: You unironically refer to "the market" deciding that BTC is special and therefore will always be a better SoV. You believe the crypto market was efficient, a mature industry, and comprised of sophisticated investors with no information asymmetry.

Mid curve: You think ETH underperformed due to whatever backfilled narrative attempts CT KOLs/VCs came up with such as value accrual issues, loss of REV to parasitic L2s, Solana stealing the memecoin market etc. While not applying those same standards to assets like BTC/XRP/ADA that still trade at huge valuations but have no onchain activity.

Right curve: You realize "the market" as it existed in 2016-2024 never traded on fundamentals. It was just a very limited set of participants where 99% were driven by short term financial gain. Meaning they were financially incentivized to buy everything EXCEPT ETH.

If you were a risk averse or less informed crypto investor = buy BTC because Saylor was piling billions into it, while Gensler was threatening to label everything else a security
If you were a crypto VC (almost none of which participated in or even existed during ETH's ICO) = bid/shill your own vaporware that you bought in at seed rounds, rinse and repeat
If you were a retail investor = gamble on the next low cap meme or alt L1 trading sub $10 hoping for a 100x

Nothing in that period of time was ever going to convince the above participants that ETH was the right choice besides those with conviction in Ethereum's long term vision.

A decade later the regulatory fog has finally lifted with the GENIUS + Clarity act, the SEC's Project Crypto, and governments + institutions are fully embracing blockchain technology.

The previous 2016-2024 era investors may not have cared, but this new wave will likely care about which blockchain has the best track record with zero downtime, the most decentralized, credibly neutral, and with the largest onchain economy. The ticker is $ETH.

15

93

18

16

19K

jiiggy8 retweeted

Etherealize

@Etherealize_io

about 1 year ago

The stars are aligning for ETH: ⏩ $1.25bn ETF inflows over 19 straight days ⏩ Adoption as a treasury asset ⏩ Price turnaround (+100% from lows) Institutions are noticing. We’ve come together to tell the world why. Introducing ETH: Digital Oil for the Digital Economy (1/7)

Etherealize_io's tweet photo. The stars are aligning for ETH:

⏩ $1.25bn ETF inflows over 19 straight days
⏩ Adoption as a treasury asset
⏩ Price turnaround (+100% from lows)

Institutions are noticing.

We’ve come together to tell the world why.

Introducing ETH: Digital Oil for the Digital Economy

(1/7) https://t.co/P7uULWFZyJ

195

3K

763

503

1M

jiiggy8 retweeted

Across @AcrossProtocol

over 2 years ago

Users want to use apps, not bridges, so we created Across+ 😎 1/ Ready to say goodbye to bridging? https://t.co/nA9KmOSC8c

13

184

51

20

21K

jiiggy8 retweeted

jiiggy.eth🦇🔊

@jiiggy8

Who to follow

Last Seen Users on Sotwe

Trends for you

Most Popular Users