Bit Digital CEO: Why am I still loading ETH

Original title: Why I bought More ETH
Original by Sam Tabar, Bit Digital CEO
Original language: Luffy, Foresight News

I RECENTLY BOUGHT A LOT OF ETH。

I'M NOT FOLLOWING THE CYCLE, I'M NOT BEING FOOLED BY MARKET STORIES. I HAVE CAREFULLY STUDIED THE DATA, COMBED THE VALUE OF THE ASSET ITSELF AND CONCLUDED THAT THE CURRENT ETH PRICE IS CLEARLY UNDERESTIMATED. ONCE IT IS DISCOVERED THAT ASSET PRICING IS UNREASONABLE, I WILL MAKE A DECISIVE MOVE。

It's not a tweet, and the thought behind it is worth speaking frankly。

It's a mistake to judge Taifung in terms of currency

There are many who believe that the ultimate goal of the Taifeng is to become a "currency", a term that has been much appreciated. I understand the view that the monetary nature is a national consensus game that requires long-term recognition by a large population, leading to self-enhancement of value. Bitcoin's going this way, cutting off all the excess functions and pushing in the direction of digital gold/currency。

But the Ether has chosen another path from the beginning: practical value。

It is also destined that it will not be able to win on the currency consensus alone, as is the case with bitcoin. At the same time, however, bitcoin was created in areas where it had never been involved: a programmable bottom clearing network, over which a large number of projects around the globe now build ecology。

The two positions are completely different, and the logic of value is very different. It's like measuring its suitability for a currency in circulation on a train track, not at any level。

A new look at the eco-synergy of the ETA

One of the most frequent sources of concern is the difficulty of harmonizing the bottom-up network, the second-tier network, the group of developers and the market, the fragmentation of the ecology and the missed opportunities for development。

That makes sense. But for institutional funds, they do not care who wins and who loses, and what they really need is a stable and reliable settlement that supports programmable capabilities。

NOW, STABILIZATION COINS ARE BEING ISSUED IN THE ETHERS, VARIOUS TYPES OF TREASURY ASSETS ARE BEING MONETIZED ALONG THE CHAIN, AND EVEN THE TRANSACTIONS OF AI SMARTS ARE STARTING TO BE SETTLED HERE. THESE OPERATIONS DO NOT NEED TO WAIT FOR MARKET CONSENSUS, AND THEY ARE ALREADY TAKING PLACE。

Our team chooses to farm deep in the utensils, and the logic is simple: WhiteFiber is responsible for providing the math, and the utensils take the trade settlement. Calculus + Settlement is the two essential foundational capability of the world in the chain of movement of traditional financial institutions. For the moment, only the Ether Workshop can carry these two functions at the same scale。

The grand story of the Ether Workshop may be continuing, but it has long been widely used as a clearing house。

The investment logic is correct. It's just that people have miscalculated the time. Line

IN THE LAST TWO YEARS, A LOT OF PEOPLE HAVE WATCHED THE PRICE MOVEMENT OF ETH AND DECIDED THAT THE TURN HAS ENDED. IN MY VIEW, IT WAS THE WRONG TRIGGER FOR PRICE INCREASES。

The expectation that ordinary diasporas will raise public opinion and raise the price of money is inherently precarious. After all, it is a huge infrastructure that cannot be relied upon by the diaspora. The core force that can really drive action is institutional funding。

However, the pace of institutional entry is completely different from the pace of engagement in encrypted social media. It is only when compliance systems and asset hosting channels are fully developed and the regulatory environment is stabilized and the financial managers of the enterprise are willing to sign and release them that the institution will enter the field on a large scale。

And this node is much closer than the current currency prices reflect。

Why should I

TO PUT IT BLUNTLY, AS A MANAGER, I HAVE A RESPONSIBILITY TO MAKE RATIONAL ALLOCATION DECISIONS. IN CURRENT PRICES, BUYING ETH FULLY MEETS INVESTMENT STANDARDS。

Putting aside the concept of all flowers, the Taifeng itself has a real earning capacity. In the first quarter of this year, we secured 94.7 per cent of our business gross domestic product, a real business, not an empty vision。

Over the past year, the entire chain of transactions processed by the Taifeng, which is guarding the global chain of smart contracts, has grown on a quarterly basis. In my view, there is a marked discount on the current currency value compared to the full ecological value it supports。

I LOOK AT AND HOLD ETH, AND I DON'T EXPECT IT TO BE A GLOBAL RESERVE CURRENCY. I JUST NEED IT TO CONTINUE TO DO WHAT IS RIGHT NOW, AND IT IS ENOUGH TO MAINTAIN THE CURRENT STATE OF OPERATION。

That is enough for me to choose the silo and for me to hold it for a long time。

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