When Should We Buy More Ethereum?

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Degenerate Business School

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For data visualization, please follow us on Twitter @DegenerateBiz The bond market moves the stock market...said someone...at some point. The 10 year treasury yield dipped suddenly on Monday to 1.18%, roiling all the major indices. But rates normalized back to 1.28% by Friday, and with it, the march higher to fresh all time highs. The drug fueled, Fed guaranteed bull market rages. But what triggered that rate action?None of that of course applies to Chinese equities. Just when we thought they couldn't get any worse, they keep descending into the sea. KWEB might be the worst chart we've ever seen (chart below). For real though this time, is this an opportunity or the dumpster fire of 100 years? Some have made the case that Chinese technology multiples might be a generational steal. Doesn't feel like it now.And still we wait for Ethereum to grind down closer to ~$1,600 or worse to make our move (chart below). To support this thinking, Greg does a bootleg Carter Worth impression. 'Cause some have said, Ethereum will eventually break out to $20k...in 2031.Also in the realm of Crypto, Cathie Wood, Elon & Jack Dorsey record a meandering 1 hour conversation on Youtube to evangelize Bitcoin, sort of? Is this a conspiracy to salvage Bitcoin from $20k?