Replying to Avatar Ja⚡️min

Because there a still many people out there who think Btc and Eth are more or less the same. Bitcoin is simply the biggest and Ethereum the second biggest cryptocurrency. So it makes sense to diversify and buy both if you think a bull market is coming. #Bitcoin and alts should be one the same page…
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davies 2y ago

That's my point. Nation-states and institutions are buying Bitcoin. Retail is buying Eth. Their prices shouldn't be going up in almost tandem

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Ja⚡️min 2y ago

They don’t. Look at an ETH/BTC chart.

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davies 2y ago

My initial note says “I know bitcoin dominance is increasing” but again I don’t see why btc isn’t blowing it out of the water, particularly with the regulatory uncertainty around Eth

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Ja⚡️min 2y ago

Yeah it’s a strange.

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Ja⚡️min 2y ago

And I’m not sure about the statement that institution buy Bitcoin…most headlines I saw the last days included „Bitcoin and crypto“.

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davies 2y ago

All the ETF applications I saw were for spot Bitcoin. Could be wrong