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Wang Feng: ETH Leading Market in Short Term, Funds Will Eventually Flow Back to BTC to Realize Profits
Summary: In a recent tweet, Wang Feng, founder of Blueport Interactive, stated that ETH outperforming BTC in the short term and BTC trading sideways is more of a narrative difference, which may be temporary and investors may not have time to adjust their positions. In the medium to long term, both share the same macro funds, ...
In a recent tweet, Wang Feng, founder of Blueport Interactive, stated that ETH outperforming BTC in the short term and BTC trading sideways is more of a narrative difference, which may be temporary and investors may not have time to adjust their positions. In the medium to long term, both share the same macro funds, regulatory benefits, and market value curve. ETH should be seen as a beta amplifier for BTC, rather than a substitute. Historical experience shows that during the ICO boom in 2017 and the DeFi cycle in 2020, the popularity of ETH actually strengthened the risk premium of BTC. ETH is leverage, BTC is an anchor, and large funds will eventually flow back to BTC to realize profits after the victory parade.
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Link: Wang Feng: ETH Leading Market in Short Term, Funds Will Eventually Flow Back to BTC to Realize Profits [Copy]
