MLB Team Total's ONLY | No Bullsh!t Win-Loss Record | 17 day challenge $10 ➡️ $1,000,000.. Retired.. Stocks/Crypto now. Road to $1,000,000 REBORN DEUX.
Normies think crypto is dead
CT thinks crypto is dead
Uber drivers and Barbers moved onto Pokemon cards and the SpaceX IPO
Crazy how this exact same setup happens every single cycle
Everyone thinks it’s over… and then it proceeds to go parabolic
We’re close to the bottom
Crypto bulls need to remember how $ETH actually moves.
It does not climb like a normal stock.
It sleeps.
It bleeds.
It makes everyone think the trade is dead.
Then it compresses months of returns into days.
Examples:
In Jan 2018, ETH went from about $756 to $1,289 in 8 days.
That is roughly +70% in a little over a week.
In Jan 2021, ETH started around $730 and was over $1,200 within the first week.
Then by November 2021, it was near $4,800.
That is more than a 6x move in one year.
That is why crypto bull cycles are so violent.
The chart can look broken for months, then suddenly the market realizes it was accumulation.
ETH is around $1.65K right now.
A move to:
$2,000 is only +21%
$3,000 is about +82%
$4,000 is about +142%
$5,000 is about +203%
$6,000 is about +264%
$10,000 is about +506%
That sounds crazy in traditional markets.
In crypto, that is literally what prior cycles have done.
The trigger is usually not one thing.
It is a stack:
ETH/BTC turns up
ETF flows return
Yields cool
Dollar weakens
Retail comes back
DeFi wakes up
Stablecoins grow
Tokenization becomes real
Treasury buyers keep accumulating
Then suddenly everyone who was waiting for “confirmation” is buying 40% higher.
That is the part people forget.
Crypto bottoms feel awful.
They do not feel safe.
They feel like the asset is broken.
Then the first real leg up happens before most people believe it.
That is where $BMNR gets interesting.
If ETH moves fast, BMNR’s NAV moves fast.
BMNR owns millions of ETH.
So when ETH reprices, the balance sheet reprices immediately.
If ETH goes from $1.65K to $3K, BMNR’s ETH stack becomes dramatically more valuable.
If ETH goes to $5K, the market may stop treating BMNR like a weird crypto stock and start treating it like the public Ethereum treasury vehicle.
That is the dream setup:
$ETH runs
BMNR NAV rises
mNAV expands
ETH per share becomes the scoreboard
The risk is obvious:
ETH loses $1,600, ETH/BTC keeps bleeding, macro stays ugly, and the whole move gets delayed.
But the hopium is also real:
When ETH finally runs, it does not wait for everyone to feel comfortable.
It moves first.
People believe later.
If you can remember just one thing about the market
It ALWAYS gives you a second chance
Many will struggle to believe this but it is an important lesson we teach and it is the main reason why we don't chase.
I didn’t realize this would be posted, but I’m glad it was. Two hours before I gave my speech honoring the brave sailors on the USS Liberty, I met with about a dozen of them in my office and asked how I could best represent them and those who had perished.
CPI is out in 3 hours
I believe the market is not expecting it to come in line or cool
I think it has largely factored in a miss
A slightly hotter than expected print will not trigger a correction
TOM LEE & BITMINE ARE RELENTLESSLY BUYING ETHEREUM.
Bitmine bought another 75,000 $ETH worth approximately $123M from Kraken and FalconX over the past few hours.
$ETH $BMNR