What About Ethereum

The next craze in crypto will be all about Ethereum. We have been bullish on ETH since 2018 for good reasons. After Bitcoin, there is an exploding desire to participate in the Ethereum ecosystem. Ether (ETH) is the native cryptocurrency of the platform.

Ethereum was the brainchild of Vitalik Buterin. Fascinated by Bitcoin, he sought to create a better blockchain platform capable of executing “smart contracts.” Smart contracts execute when the software of the Ethereum Blackchain determines that the conditions set forth in the code (and agreed upon by the participants) have been met.

Why Ethereum matters: The “smart contract” concept is responsible for much of the innovation in crypto today. Most of DeFi is built on the foundation of the Ethereum blockchain. Hundreds of cryptocurrency tokens built on standards like ERC-20 run on Ethereum. Ethereum is a vital piece of the “crypto economy.” In some ways, it is becoming the blockchain leader of crypto success. There’s a major upgrade, Ethereum 2.0, is expected to reduce fees and network congestion over the next year or so. The 1159 upgrade will make the network more scalable and secure. But it’s a major change.

Ethereum development and engineering requires technical skills. Now comes DeFi, which is the realm of quants, traders and coders. All of us saw the potential of the ecosystem, but the ability to participate was limited to the few. NFTs opened Ethereum and crypto up to so many people who were following its progress but didn’t have a way to actively engage it.

Ethereum has the potential to grow into the world’s most valuable software platform. DeFi (Decentralized Finance) is going to change the world. Ethereum smart contracts will be the platform that serves up that change.

DeFi exists to disintermediate traditional financial systems – like insurance and trading pools – from third parties.

Ethereum is seriously undervalued today. Even at a price over $2,000 and a $120 billion market cap. I believe Ethereum is a bargain relative to its development trajectory. 200,000 developers now working on Ethereum, More developers and more consumers are moving to Ethereum for DeFi needs… more value will accrue to ether (ETH), Ethereum’s native token.

Ethereum is disrupting the entire $20.5 trillion financial industry. If it can just capture about 2% of global finance, it would be worth between $400 billion and $800 billion. Investor Raoul Pal riffed on Twitter about the potential value comparisons and growth drivers for BTC and ETH: “My hunch is BTC is a perfect collateral layer but ETH might be bigger in market cap terms in 10 years.” 

If you already own ETH, consider adding more to your portfolio (if appropriate). If you don’t own it, buy some today because it still has plenty of runway left. And don’t worry about volatility. Volatility is a given in the cryptocurrency market If ETH drops 50% tomorrow, it will rebound over time– focus on the long-term trend.

If we look back on the meteoric rise of Bitcoin over the past couple of years, our decision to buy ETH is one of our best investment decisions of 2021. Ethereum won’t be the only beneficiary of the coming DeFi boom. Other cryptos are poised to give us a chance to actually collect additional income from this trend. See our article About NFT’s. in the member’s section. Register below.

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