This is my latest analysis of the current state of the cryptocurrency market, with a focus on Ethereum. Reflecting on my past successes and missed opportunities, I delve into the fundamental factors driving my longer-term bearish outlook on assets like Bitcoin and Ethereum, despite recent ETF approvals. While the introduction of these ETFs may slightly alter the impact of cryptocurrencies on the world, I remain concerned about the broader financial implications of speculative investments in assets with limited real-world utility.
Looking ahead, I anticipate a potential downturn in crypto prices as demand wanes and markets transition into a more deflationary...