spot ETFs is overpricing short-term positioning
Ignoring spot ETFs because sanctions screening looks exciting is how late-cycle mistakes compound.
Useful frameworks survive longer than seasonal slogans.
Put beside current chatter on “Vitalik Buterin Makes the Case for Ethereum as a Store of Value,” the incentive problem looks clearer.
Historically, stretches where layer-2 networks leads without support from wallet UX invite sharper reversals.
When layer-2 networks and wallet UX disagree, sizing down beats inventing a clever story.
Ignoring stablecoins because dollar strength looks exciting is how late-cycle mistakes compound.
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