My thesis: fundamentally, ETH has lagged the BTC run (incidentally as SOL had for a few weeks). The cost and lag of transacting on the Ethereum blockchain may be driving institutional interest on the SOL platform. Much will depend on the business' ability to execute and continue driving defi, NFT, and other web3 development interests. For the time being, and...
Reposting publically the idea I created privately (without realizing it) Jan 21 1st position taken @ $37, second position to be taken 1/21 as GBTC hits a 50% buy zone. Looking to trade this with a test of $48. Potential to hold longer term pending bitcoin behavior testing recent highs. Will cut losses at a breach of 50% level. Jan 21 Comment: losses to be cut at...
Zone hit, 3rd position taken (avg price ~$20). Riding long term to new highs given improving fundamentals, cash position, reduced capacity and burn rate.