Why Ethereum Could Reach $100,000? (Part One: Why Ethereum may Follow the "Strong Get Stronger" Pattern) First, the fiat currency death spiral drives the cryptocurrency surge flywheel, and the cryptocurrency surge in turn accelerates the death spiral of fiat currencies. They are mutually causal and self-reinforcing - once initiated, it's almost irreversible. Second, Ethereum's Matthew Effect has three self-reinforcing characteristics: 1. Liquidity attracts liquidity: A blockchain with high liquidity (i.e., high TVL) has a natural attraction for additional liquidity. For users and traders, high liquidity means lower trading slippage and more efficient capital utilization. For developers, building applications on a chain with deep liquidity means their products can immediately access a massive capital pool and user base. This attracts more projects and capital, further boosting the chain's liquidity and creating a positive cycle. Ethereum's consistently leading TVL is the dividend of this self-reinforcement. 2. Trading volume catalyzes ecosystem prosperity: High trading volume is direct proof of network activity and utility. It indicates that a large number of real users are using applications on that chain. This is a strong signal for developers, who tend to build where users are active. More applications bring more diverse use cases, attracting more users and further boosting trading volume. This process is like an accelerating flywheel, allowing leading ecosystems to continuously attract developers and users, consolidating their leading position. 3. Security consolidates value, value enhances security: Security is the cornerstone of blockchain, especially crucial for applications handling high-value assets. A network's security is usually directly related to its degree of decentralization and attack cost (for example, in PoS mechanisms, the cost of controlling most staked assets). When a chain is recognized as sufficiently secure, high-value applications and institutional capital dare to enter. As the value of on-chain assets continues to grow, trading volume also increases, and the economic incentives for protecting network security (such as rewards for validators) increase accordingly, attracting more participants to maintain network security, making the network even more secure. This cycle of "security attracts value, value enhances security" enables platforms like Ethereum to become the trusted settlement layer for the entire ecosystem, providing security guarantees for L2s and other applications built on top. 4. Time-tested consensus, consensus enhances security: The longer a system runs without failure, the higher user trust and stronger consensus becomes; the stronger the consensus, the greater the value it attracts. Bitcoin is a typical example. Relying solely on the security consensus flywheel, Bitcoin has already become the asset with the far-leading market cap in the crypto space. In summary, these four factors—liquidity, trading volume, security, and consensus based on fault-free operation—interweave to form a powerful positive feedback loop. This loop builds high competitive barriers for blockchains that already occupy leading positions (like Ethereum), making it difficult for new entrants to shake their status. Finally, some might ask: Ethereum doesn't seem to have much trading activity recently, so isn't the second point disproven? This question should be viewed from three perspectives: 1、Ethereum's ecosystem includes Layer 2. The trading volume of the entire Ethereum ecosystem including L2s has grown significantly compared to the previous cycle. 2、Ethereum's TPS ups and downs with the bull and bear market. 3、When a single flywheel is affected, it still takes a long time to transmit to the other three flywheels. This is why, after the stablecoin bill passed, the number of public companies setting up treasuries to buy Ethereum far exceeded any other coin, even surpassing Bitcoin. This article is not investment advice. The author holds Ethereum, the views are biased, investment carries high risks, please conduct your own analysis and research.

Looking back now, during the tariff panic in April, those who didn't cut losses gained beta returns. Tom Lee said this round of the V-shaped recovery is the "most hated" V-shaped recovery. Because most people are not on the bus. Similarly, this round of Bitcoin, especially Ethereum's rise, can also be said to be the "most hated" rise. One of the most important reasons is that those who missed out do not fully understand that we are in a major cycle of the AI industrial revolution, which is being accelerated.

Investing in innovation or pseudo-innovation was my strategy in the last cycle of the crypto market. In this cycle, I only invest in innovation because, with U.S. stocks being tokenized and the integration of crypto and stocks, the ROI for pseudo-innovation has decreased.

Since Trump signed the stablecoin (genius) bill, institutions like BlackRock and Fidelity have been purchasing hundreds of millions of dollars worth of Ethereum almost every day. Major banks like JPMorgan and Standard Chartered are either issuing stablecoins on Ethereum or on Ethereum's layer two. This is likely another complete victory for Wall Street in the battle for crypto pricing power, following their acquisition of a large amount of Bitcoin and computing power at low prices during the 519 incident in 2021, which essentially allowed them to control Bitcoin's pricing power.

Tom Lee, Cathie Wood, and Peter Thiel-supported BMNR will raise $2.5 billion to purchase Ethereum and establish a treasury!

The next hundredfold, decentralized stablecoin A stablecoin that can never freeze your assets.

Why are we so excited about assets being put on the blockchain? Because assets on the blockchain will greatly reduce the cost-effectiveness of obtaining returns through violence, especially state violence. When violence can no longer exchange for blood money, it will naturally wither away. -- "The Law of Blood Fundraising," Wu Si When a large amount of wealth is on the blockchain, the logic of domination will no longer rely on conquest and control through violence, but rather on competition and service. This will be the first break in the causal chain of political violence that humanity has experienced in thousands of years!

Which coin is experiencing FOMO today? Bitcoin, Ethereum Which coin is facing FUD? All fiat currencies

In the past day, the net inflow of ETH ETFs exceeded 140,000 ETH, worth over $500 million. The first phase is far from over.

I haven't been looking at Twitter much lately, but I just checked and found that everyone is discussing the valuation of Ethereum. So, let me provide a perspective: The common prediction is that by 2030, the issuance of stablecoins will reach $3 trillion. Consider how much of that will run on Ethereum or be settled on Ethereum? According to the principle of POS, if you control 51% of the stake, you can claim all those stablecoins for yourself. So theoretically, if you spend half of Ethereum's market cap to acquire enough ETH to conduct a 51% attack, and the stablecoins earned are enough to break even, then this is something worth doing. Conversely, Ethereum's market cap must be at least more than twice the total market cap of all stablecoins on it to be considered safe. Currently, the issuance of USDT on Ethereum is about $78 billion, and USDC is $42 billion, totaling $120 billion, which accounts for 46% of the total market cap of stablecoins. If this ratio drops to 33% in the future, by 2030, the issuance of stablecoins on Ethereum should reach $1 trillion. Therefore, Ethereum's market cap should be at least $2 trillion to ensure the network's security. Maybe someone has said this long ago, so just consider me echoing others.