Don’t Buy Bitcoin, Buy Ethereum Instead (Sorry)

Don’t Buy Bitcoin, Buy Ethereum Instead (Sorry)

this is going to shock You by choosing Bitcoin over ethereum micro strategies Michael sailor has missed out on a $10 billion profit oh yeah see micro strategy Bitcoin Stacks worth around $15 billion at the time recording this video but had they bought ethereum instead it could now be worth around $19 billion and that’s not even counting any of the additional staking rewards that they could have had which would be wildly significant at those kind of levels of ethereum now was he wrong for choosing Bitcoin controversial topic now Michael sailor loves to say that there’s no second best but in this video I will set out the case for why ethereum could in fact be the better investment compared to bitcoin I know save throwing the tomatoes at the screen for a few minutes let’s just get into it let’s have the the the experiment here okay stick around to the end of the video where I’ll be sharing the number one challenge of course that ethereum will need to overcome if it’s actually going to at some point overtake Bitcoin as the primary crypto asset said so 2024 is turning out to be the year that crypto goes mainstream in a big big way and it’s stock market ETFs of course that are driving adoption in a mass way lots of other stories too but that’s the big one right now the newly approved ethereum ETFs are the buy the news event and here’s why first we saw a bunch of physically backed Bitcoin ETFs get approved in the USA back in January then what happened well black rocks Bitcoin e ETF became the fastest ETF to hit $10 billion in Assets in history now fast forward Just 4 months later and these ETFs now hold over 850,000 bitcoins worth around 60 billion dollar more than 900 different investment firms Banks and institutions retirement funds pensions stuff like that they’ve bought in justtin q1 alone all of which needed regulated access to get into Bitcoin they wanted it the demand for Bitcoin has been wild and it’s just starting it’s just starting bitcoin’s price rallied 80% in anticipation that a Bitcoin ETF would get approved and up until the first day of ETF trading on January 11th we had a wild rally after the brief sell the news blip inflows topped $31 billion in around just two months with Bitcoin rallying over 90% crazy stuff Michael sailor just a few weeks ago said that there will be no ethereum ETFs he was very very wrong obviously on that because lo and behold only a few weeks after he said that eight physically backed ethereum ETFs just got approved by the SE now that was very last minute and indications were that this was not going to happen but then it did politics changed very quickly now ethereum levels a playing field with its own ETF so if the ethereum ETFs can capture even just a small percentage of those Bitcoin inflows then e price should follow bitcoin’s movements and probably Moon pretty gosh darn hard the spot Bitcoin ETFs they were enough to push bitcoin’s price to a new all-time high so with ethereum still way below its all-time high price of $4,875 it still seems a bit undervalued by comparison with Bitcoin having rallied pretty hard ethereum is now playing catchup and these ETFs may be here much sooner than expected you see black rock has already amended its s-1 registration statement which could mean that we see a go live date in June possibly this week possibly even by the time you’re watching this video things can move real fast at this point now according to Bloomberg analyst Eric balunis that’s when we could see it okay so look there’s an opportunity right now to front run the spot ETFs and there’s every chance that it’s not going to be the old buy the news uh sell the rumor event sort of thing okay but instead a buy the rumor buy the news event there’ll might be a short sell off post listing but look what happened with Bitcoin now before I talk about ethereum advantages over Bitcoin let me up the flow real quick to let you know the best damn newsletter in the cryptocurrency game that’s my newsletter it’s called wealth Mastery it’s absolutely awesome our readers love it and I’m sure you will to see every week we bring you the latest and the greatest and the best insights in the market for free to your inbox we’re talking about all kinds of stuff airdrops altcoin news deep Dives nfts technical analysis chart and much much more I know how it is you’re busy wife kids dogs all that kind of stuff but you want to stay up to date with what’s going on crypto this is for you you can join 125,000 plus weekly readers and sign up for free using the link Down Below in the description or in the pinned comment over on X thank you very much so ethereum has a couple of features that Bitcoin of course wishes that it had and this really changes everything in the equation here say unlike Bitcoin ethereum has already been a deflationary currency ethereum first turned deflationary after the merge upgrade happened back in September 2022 over 49,7 ethereum have been burned at the time that we recorded this video and permanently removed from circulation since the merge happened whilst ethereum’s supply has temporarily turned a little bit inflationary since the Denon upgrade to help reduce gas fees for layer to ethereums like ARB and base and stuff like that the ethereum ETFs though could now act as a deflationary force to get ethereum back on track because the more Network usage the more fees that get burned now in the long term this powerful deflationary Trend will have a massive impact on the price of ethereum and then of course there’s the fact that ethereum has native yield that also massively sets it apart from from Bitcoin and Wall Street institutions know that if they can get their hands on that ethereum then they stand to make a ton of cash think about all the management fees black rocks Larry Fink has said the use case for ethereum is all about tokenization billionaire investor Stanley dren Miller has said eth might eventually dominate BTC big words Stanley and JP Morgan’s Jamie Diamond has said eth has use cases Jamie Diamond that guy I tell you anyway he hates Bitcoin but he is an ethereum fan take make of that what you will I guess anyway Black Rock now has $20 billion with Bitcoins and assets under management and a 0.3% fee now that is generating a lot of revenue for them every single year and that’s without any revenue from staking like you’d have with ethereum this is a potential gold mine for them so it’s in their best interest in the best interest of all ETF issuers like black rock or Fidelity to embrace these ETFs and to push them as hard and fast as they can you can almost feel the desperation from these institutions to find the biggest yields in the market and here’s a funny one for you for all the Americans out there Hong Kong’s Bitcoin ethereum ETF started trading in April and they are really yet to see demand take off however however Hong Kong is going to introduce staking yields which don’t actually come in the US ETFs right now anyway these ETF users are currently exploring the ability to stake eth tokens and exchange for yield as a way to try to boost demand over in Hong Kong I’m sure we’ll get that done might take much longer for the American ones to get that but at some point it’ll come but think about this what if the American ETFs were allowed to stake your eth but you just don’t get their rewards they could keep it all they make so much money they make so much money it’s ridiculous but anyway it’s only a matter of time before staking gets slipped into the fine print of these ETFs in the USA the US ETF issuers have also tried to get staking included of course as mentioned but they failed to do so so far in fact getting taken taking taken out was what helped get the ETFs across the line but it does prove that Wall Street does have an interest specifically in ethereum for its yield so I’m sure they’re not going to give up I’m sure they’ll eventually get it it’s only a matter of time especially now that crypto’s become an election issue it won’t take long before institutions start dumping probably everything their bonds for example in favor of staking ethereum that nice three and a half 4% staking yield looks pretty good especially when bonds dump back down to like 1% yield while bitcoin’s primary aim of course is to become a neutral Global Currency ethereum’s primary purpose is to become the platform that tokenizes everything with ethereum powering every transaction and users go where developers are building so it’s absolutely no surprise to see that ethereum’s ecosystem has been booming and has hit New Heights in 2024 don’t bet against ethereum that’s been a losing bet since the Inception of ethereum ethereum has almost seen near vertical growth in wallets and transactions of course driven a lot by what’s happening in the layer two seam things like base arbitrum optimism and the other 100 layer twos that are coming have been driving a lot of demand weekly active wallets had a new record of 10 million on April 8th and weekly transactions reach an all-time high of 60 million across ethereum’s six main layer 2 networks the improved technicals such as lower gas fees for those layer twos that was what the den upgrade was all about wallet abstraction meme coin Mania which are seeing happening on Bas and stuff like that is giving people a low barrier entry into the ethereum ecosystem to be able to experiment and to interact with web 3 and everything that happens on layer 2 requires ethereum for gas fees and if Larry thinkink has his way and Larry gets his way doesn’t he then he’s going to tokenize everything starting with financial assets of course and where’s he going to do it probably on ethereum which is why black rock and Ando Finance are leading the real world asset sector together right now Ando Finance has two Flagship products the first is its usdy stablecoin which is designed for retail investors that’s actually backed up by shortterm us treasuries and uh Bank demand deposits and the second is O USG token this is a short-term us treasury bills ETF it’s the OSU token that’s actually connected to black Rock’s Biddle tokenized fund buid DL tokenized fund which has already has a market cap of around half a billion dollars and it’s Ono finance that has sent the rwa sector skyrocketing in May to become the best performing sector in the entire crypto ecosystem after meme coins of course because meme coins man anyway investors are obviously bullish on the real world asset sector because they know exactly what the ethereum ETFs unlock they know exactly the liquidity is going to come in they know what’s coming they see where black rocks taking all this Larry Frank says that ETFs are the stepping stone to tokenization AR invest estimates that onchain Financial assets could scale by a yearly rate of 32% be worth 5.2 trillion by 2030 those are phenomenal numbers massive liquidity coming into the crypto space huge huge huge ethereum’s apps and ecosystem will bring endless utility which in turn brings investment in developers resulting in more users again everything bringing value AC cruel back to eth eth could be more popular than Bitcoin because it’s deflationary Supply which means it’s scarcer it’s a native yield which wall streak loves it requires uh 0.01% of the energy to run which makes it appealing to those who have that ESG mindset perspective however flawed that may be and eth of course has a ton of apps huge ecosystem but it will only take overtake Bitcoin as long as it can overcome the challenge of convincing all the Boomers out there to move their 60 Port 40 portfolios into eth and not Bitcoin and in reality they’re probably going to move it into both probably look bitcoin’s digital cold ethereum it might need a better elevator pitch digital oil maybe digital everything maybe but if it’s G to get those Boomers with their bonds to part with their money we’ll need to have something something good to convince them let me know in the comments whether you think that ethereum will outperform Bitcoin and I’ll see you in the next video thanks for watching

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00:00 Intro
01:00 ETFs: BTC vs. ETH
04:46 Economics
08:19 Ecosystems

#bitcoin #crypto #investing
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Disclaimer
Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money. Lark Davis (The Crypto Lark and affiliated brand Wealth Mastery) is not providing you individually tailored investment advice. Nor is Lark Davis registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Lark Davis is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.