Ethereum's ETF Inflows: Don't Pop the Champagne Yet, Sheeple
Seven straight months of ETF inflows for Ethereum? Okay, and? So the hell what? The crypto bros are creaming their jeans over this, acting like it's some kind of validation. Give me a break. It's just another way for Wall Street to siphon money from retail investors who think they're getting in on the "ground floor." Newsflash: the ground floor was like, ten years ago. Ethereum sets new ETF record with seven straight months of positive inflows
BitMine's Bogus "Benevolence"
Oh, and let's not forget BitMine Immersion Technologies, who apparently added another 82,350 ETH to their hoard. They're patting themselves on the back for controlling 2.8% of the entire ETH supply? Sounds less like "positioning for the future" and more like market manipulation, if you ask me. And Thomas Lee from Fundstrat? The guy's a professional hype-man. I wouldn't trust him to pick my lottery numbers, let alone guide my investment strategy. "We’re now more than halfway to our goal," he says. Their goal is lining their pockets, plain and simple.
Speaking of lining pockets, I'm still waiting on my refund from that "revolutionary" crypto wallet that promised to "disrupt the financial system." All it disrupted was my bank balance.
Regulation: A Double-Edged Sword offcourse
Nicolai Søndergaard from Nansen claims this is all about "an increased appetite to explore other assets aside from bitcoin" and the "expectation that there will be more regulation across crypto." Well, no duh. Bitcoin's so 2017. And yeah, regulation might make things seem legit, but let's be real: it's just another way for the government to stick its nose where it doesn't belong and tax the hell out of everything. Is that really what we want? More government involvement?
And this Ethereum upgrade coming in December? Faster and cheaper transactions? Great. But will it actually solve anything? Will it stop the rug pulls, the scams, and the general idiocy that permeates the entire crypto space? I doubt it.
Then again, maybe I'm just a grumpy old cynic who doesn't understand the "future of finance." Nah.
