👀 Is this the next narrative?

GM everyone. This is 2036. We scroll for gems all day so you don’t have to.

Here’s what we’re serving up today 🍲: the market is increasingly nervous that Bitcoin won’t break $53,000. But there’s one shining star among the jitter ⭐

Let’s dig in.

ETH holders were the angry types in 2023.

• Bitcoin outperformed it

• Solana outperformed it big time

Let's be honest - almost everything outperformed it.

This, by the way, is why we preferred ETHE over ETH.

But while all eyes have been on Bitcoin - will it close above $53K or lose steam? - ETH’s been making a comeback.

In the last 2 weeks, ETH is up +24%.

That's more than Solana (+8%) and Bitcoin (+19%) despite billions of dollars of inflows from the ETFs.

So what's going on?

Well - ETH has a couple of catalysts ahead 💥:

1/ The Ether ETF 🏛️

Bitcoin ETF inflows have surprised to the upside so far.

And ETH could get its own ETF in May.

If Bitcoin ETF inflows remain decent and the ETF gets approved, investors will expect Ether to do well on the launch of its ETF - and are trying to front-run the news.

2/ Dencun 🏝️

In March, the Ethereum network will undergo its next upgrade - Dencun.

This upgrade will make Ethereum cheaper and faster to use with layer 2 chains, like Optimism ($OP) and Arbitrum ($ARB).

3/ The charts tell a story… 📊

Many crypto analysts use the ETH-BTC ratio to determine where the price of one could go next relative to the other.

And right now, at 0.05, ETH could be breaking its downtrend relative to Bitcoin for the first time in the Merge in 2022.

The next stop for ETH-BTC could be 0.07, which would put Ether at $3,600 if Bitcoin doesn't move.

You can check the ETHBTC ratio in real time here.

So, right now, all eyes have shifted to ETH.

This also means that ETH beta assets - like Lil Pudgys - could do well.

You can simply buy ETHE in your brokerage account or on-chain ETH and stake it with Lido for a 3.4% annual yield.

But against ETH, Solana has been bleeding… and the time to buy is when there's blood in the streets 🩸

SOL could go much lower but looks increasingly attractive by the day…

More on this soon.

• In 2036: Private Investor, we invest together in early-stage crypto tokens before they’re available to the masses.

• Our first investment is up 25X in just two months.

• Our next investment (in a promising crypto game) will open up tomorrow and be available for just a few days.

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1/ Ether hits $3K for first time in 2 years

2/ … but not everyone is bullish

3/ Grayscale estimates the Ether ETF has a 50% chance of approval

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.