My logic here doesn't seem so crazy anymore.
Picolas Cage
Picolas Cage18.9.2024
I know this is going to sound like absolute cope but how disgustingly low ETH/BTC is vs how strong $BTC is - is kinda exactly where you would want to be if you wanted to see a face melting $ETH rally. Because 0.03 - 0.06 isn't an unrealistic thing. Bitcoin at 150k isn't an unrealistic thing. 0.06 ETH/BTC and 150k $BTC = 9k $ETH That seems feasible, it seems believable. But when Bitcoin was 73k previously and ETH/BTC was like 0.05 - how is $ETH getting to 9k USD from there? There's just no way - you can't pump Bitcoin AND Ethereum at the same time, the market caps are too big and there's too much liquidity required. Idk if any of this makes sense. It made sense in my head, sorry if I couldn't articulate it.
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