저자: PaulBarron · 외국인
요약 보기
톰 리가 비트마인(Bitmine) 회장으로 취임하며 2.5억달러 사모 조달로 이더리움(ETH) 재무전략을 추진한다는 소식을 전함. 스테이블코인 확산과 이더리움 스테이킹 수요를 근거로 ETH 상승 여지를 강조하고, 서클(CRCL)·로빈후드 스테이킹/토큰화 주식/퍼프 출시 등 업계 변화를 함께 다룸. 비트코인 재무기업 흐름과 S&P500 공포탐욕지수 상승도 언급. 광고(iTrust Capital) 포함.
다듬은 글
A super investor Tom Lee starts to make a move heavily into ETH and this is a Bitcoiner doing this today. We'll break it down for you. My name is Paul Bear. Welcome back into TechPath. Let's get going. I do want to thank our sponsor and that is itrust capital for you guys to get rolling in a crypto IRA.
All you have to do is visit itrustc capital.com. Couple of things you can do over there now. Of course, you can get your IAS moving. Whether you have an existing IRA and you want to move it or you want to start one, all of that is available to you. And then of course you self-direct all your trades inside that account.
It's very easy to set up and super inexpensive to keep it going there. Check out uh IT Trust Capital. Use our link down below. It's going to give you a $100 funding reward to get started. All right, let's go over to a couple of points I want to hit on today. And of course, the biggest is the strategy around treasuries that are starting to hold Bitcoin, Ethereum, etc.
and all of the companies that are starting to line up behind this. Well, if you look at the current Bitcoin treasury around bit Bitcoin treasury, Micro Strategy of course is leading the way right there at the number one position. Then, of course, you have Mara Holdings uh 21, Riot Platforms, and so on.
We've shown this before, but this is, you know, somewhat usual suspects within the Bitcoin community. And that I think is the interesting part that I've said before is that I'm waiting for an S&P 500 to actually jump in on that. Now the real question is what's going on with strategy in general. Is there some defection starting to happen right here?
Their president and CEO Funlay that has sold a majority of his master stock. And this is over the last 90 days. So I don't know if this means anything. Kathy Wood mentioned this the other day on a podcast. is there may be getting to a point where we're going to see some discount uh strategy and that could play into what strategy is going to look like as an investment which of course would play into what's going on with Bitcoin.
Further into this, this is the big news and this is Tom Lee who is aiming to create the micro strategy of Ethereum. Couple of points here within it, he has been appointed to the chairman of the board and directors of a Bitcoin miner, Bitmine Emergent Tech. This is effective today. And of course, Bitcoin uh excuse me, Bit Bitmine announced a $250 million private placement to implement buying strategy around ETH.
So, very big move here. The fact that we have a Wall Street titan making a move on Ethereum, this is huge news for what's going on within the ETH ecosystem. I want to run to a clip real quick and just remind you we we showed this the other day and this is a line list of the super investor performances of this year.
Michael Bur has now slid down the roster. Kathy Wood has accelerated up because of her move on circle and Tom Lee because his move on circle has also moved up. So we are talking about two of the top five super investors in performance right now starting to lean in on Ethereum. And when you think about that, let's go to the next point.
And this is what Tom Lee had to say. Take a look. But what we've seen in the last uh really in 2025 is the financial services industry and crypto are converging. And it really started with stable coins, which is the chat GPT of crypto, right? Because it's viral adoption by consumers, businesses, banks, and now even Visa.
Um the more Ethereum that's accumulated, uh the more secure the network is. And I think it's also sort of the architecture that future banks will have. You know, when Goldman issues a stable coin and JP Morgan doing it on Ethereum as a layer 1 blockchain, they're going to want to secure it by staking Ethereum.
So, we're trying to get in front of that by creating a treasury. Why? Just so I understand, it's safer if you own more of it. Explain why that would be. Well, Ethereum is a proof ofstake network, right? So unlike Bitcoin which is proof of work and miners do all the work for you and that's why you have decentralized trust in Ethereum it's important for uh these entities to essentially validate transactions.
So by becoming a staking entity you're sort of securing the fidelity of stable coins. All right. So that in itself, first of all, he's big behind uh on stable coins in terms of where this market could go and it's going to get very competitive as we see the stable coin bill come through. The legislation is now sent for possibly an approval by mid July.
This is according to Secretary Bessant. So that in itself could start to shake things up. And remember, Circle on ETH along with a lot of what I think will be future stable coins that will start to compete with Circle are going to come in on Ethereum. Now, Tom Lee is getting in on Ethereum kind of like if you think about where Sailor was on the early stage of Bitcoin, and even that wasn't really the early stage, but it was early for where we are in the in comparison to the market right now.
So, think about where Ethereum is today, trading around 2400. Here's what Tom Lee had to say about that. You're basically saying that this is the new Bitcoin you're getting in at in a very early stage. Correct. That's right. Because let's say stable coins, which is 250 billion today gets to treasury secretary best reasonable two trillion.
That's a 10 times increase in size. By the way, already stable coins are the 12th largest holder of treasuries. They'll become the number one holder by then. Mhm. U dominance is 27% in GDP terms. It's 57% of central bank reserves. It's 80% of financial trading transactions. It's 100% of stable coin denomination.
So by getting to two trillion, you're ensuring dollar dominance. It's this is very good for the US. But two trillion of stable coins is a lot of network fees for Ethereum. All right. And he is right. Two trillion I still think that's a low number for what we're going to see in terms of engagement on stable coins in general.
And if you look at the treasury list of ETH, these are on ETH reserves right now. This is kind of the same line list of companies that were similar to what I just showed on Bitcoin. There of course is the ETH foundation, Sharpink Gaming, which we've talked about. This is ASPAD. Uh and then of course you've got Coinbase Gollum and eventually I think we're going to see this new one come into play where we will see a complete shift in where the power of Ethereum is in terms of strategic holding.
So if Tom Lee is right and I and I look at his u bets that he's made on Circle, his bets that he's made on Bitcoin and his performance just in stock and if you don't follow you know Fund Strat, you should. uh they also have their own ETF the kind of the granny fund that has been performing uh very well as well.
So that gives you a good example of why this particular investor might be onto something very early for Ethereum. Other news of course uh you asked for it. This of course is Robin Hood saying that they are now allowing staking and this was the announcement today that they made in cans and ETH and Salana both are available to US customers.
Now there's a very interesting thing here. We were starting to test this. If you compare what's happening with Salana, we'll just give you an example. Salana, of course, started to chart well after the Robin Hood announcement. I think a lot of people are looking at moving their Salana off of maybe something like a Phantom wallet.
When you look at the performance and the uh structure of how staking is done there, moving it into Robin Hood, Robin Hood, of course, is now paying the 2% bonus on any crypto that's moved in, which was an announcement today. Instead of the one in one, they've actually accelerated that up to a 2% cash bonus actually goes into your spending account.
That is huge because they're matching which is plus 7% both on Salana and a plus 2% on ETH. So you look at this in comparison to some of the other competitors out there. This is a big move for Robin Hood. I think this will start to bring in a lot of trade uh activity in reference to what's going on within Salana and ETH.
All right, so let's go on over to and we'll announce or give you guys some other updates of what Robin Hood did over there. But Axlar also uh in the mood of trying to get caught up with what's happening in the market right here. So it's live now. Axar is core platform for linking XRP ledger and the new XRPL EVM.
This of course was after criticism of them not moving fast enough and they lost some key players in terms of developers. So, Axelar now back into the game here on the XRP ecosystem. So, be on the lookout for what's going to happen there. Also, Sharpling Gaming just scooped up another almost 2,000 ETH.
Even though Sharpling Gaming down considerably from its high, key here is they continue to add on into ETH. Now, the real question is, will discounting come into play here and will that play out within ESB? Let me know in the comments if you guys have started to move. If you look at ESB right now, this is the kind of situation right now that they are in after that high.
Remember, around 60 bucks. So, this is a big deal right now from where it's playing at around 10 bucks right now. We're watching a lot of this because it has a lot of similarities of the early stages of where strategy micro strategy was doing when it first started moving into custody and holding and buying ETH.
All right, so let's take a look quickly at Bitmine. This is the company that Tom Lee has now joined as their chairman. And if you missed the ESB, if you go back to that chart right there, you can see that explosion. I'll go out here to the six-month. That was the ESB explosion. I don't know if this is going to happen with what's going to go on with Bitmine, but the point is is that Tom Lee has a little bit different, you know, microphone in essence.
One, he's a Wall Street insider, I would say, a leading investor on Wall Street and he's well respected by a lot of the media outlets. So I anticipate he's going to get a lot of action on what he's doing at Bit Mine. And if you look at that right now, it's only market cap 154 155 million. So this might be on the very edge of something big.
Further in another big announcement that they made today uh was that Robin Hood launched their tokenized stocks in Europe. Now they went through the presentation of doing it. They actually did a transaction on arbitum, but they tried to draw it out on a chalkboard and I felt like that kind of got lost in the minutia.
I don't understand why they presented it that way because this clip of Robin or of Robin Hood's Vlad talking about this and the ease of what this could be was really kind of the way they should have done it. Take a look. I think the best products uh hide the complexities of the underlying technology until the point where you need them.
So I think what tokenized products are going to look like is it's going to feel like trading stocks on Robin Hood or crypto. Probably crypto is the more apt uh comparison, but you'll have the ability to self-custody over time. And one thing that's very painful right now uh with a traditional brokerage account is if your broker has an issue, like if there's an outage or some kind of technology issue, you're stuck.
And also, if you want to move your assets to another broker, it's very painful. It takes multiple days. You usually have to talk to someone on the phone. And so, you're kind of stuck again. And I think in the future you could unlock the full potential of DeFi and self-custody and you could actually be not relying on a broker at all.
That would be epic. Uh if we got to see that and I think that's the way they should have presented it there. It was a good uh a good explanation by Vlad there. If you kind of compare what is going on within the major competition of what Robin Hood is dealing with, you've got Charles Schwab coming in right behind them at 165 billion, trading at 90 bucks right now.
Well, if you take a look at Robin Hood holding in right now at around 81 billion, this is and right now Robin Hood all-time high $91. So, are we in maybe a transition time over on the Wall Street side of things when it comes to the brokerage houses? And remember that Robin Hood is starting to also roll out perpetuals and they announced it uh both in Europe in all the EU countries but also coming soon to the United States.
And the cool thing that they did show at the event was their perp trading. And the perp trading actually was very easy and I think that may win some people over because right now it's a bit of a process to get perpetual trading underway. And for many of you guys would like to short and long you know different stocks and crypto.
the opportunity here I think now coming in on Robin Hood if they can get it done quickly. I hope that it's done this year, but we'll see if they can get through the regulators to get it done. Other things that are happening right now is Bloomberg's fear and greed uh gauge on the S&P 500 hit 298 points.
Uh this was on Friday. It's the highest since March of 2024. So the market is booming. We are seeing uh major moves happening around what's not only happening in crypto but also globally and obviously the S&P 500. Furthermore, I want to jump over to this tweet right here. This, of course, is Eric Balunis talking about uh that this is a huge endorsement for crypto.
When you look at the Tradfi world since Larry Frink, Larry Frink was the big previous endorsement. Now, we've got one of the biggest asset allocators out there, which is Edelman Financial Engines. That is another one that has now started to move in this. They managed 300 billion for 1.3 million clients.
Now guys, remember we've talked about this where money managers have been saying, "Oh, it's 3 to 5%." Here recently over the last few days, now money managers are saying maybe it's actually 10 to 20%. If that is in fact the case, remember a 1 2 3% move in three 1.3 million clients, 300 billion. This is one money manager.
That is significant for the markets in general. So this could be very well the move on primary assets especially in the top five as we start to see crypto move. I think ETH and Bitcoin both are going to uh benefit from that. The other thing you got to look at right now is where circle is. Uh and this remember is that Circle topped off here.
They have a price target. This is crazy how Circle's IPO has kind of gone but they now have a price target almost 60% the current price. This is coming in from a traditional analyst. Now the point being behind this is that with the stable coin and the genius act starting to go through most likely by mid July when this occurs we are going to see real real competition for circle and remember that circle is still splitting the revenue from that with Coinbase.
So the comparison that Robin Hood announced today what Robin Hood is going to be doing with USGD that's the kind of thing that I think is going to put a little bit of heat on circle in general. But the idea also remember PayPal's starting to come to play. I imagine PayPal is going to be doing quite a bit of awareness campaigns to let people know about that.
That is where Circle could start to take a little bit of a heat. So, I don't know if you guys are still in Circle, but let me know if you kind of look at the general Coinbase cycle that occurred back from its launch. This is goes all the way back into where we launched back in April of 2021. the dip down a retrace back to almost to its all-time high where it's uh or its high currently what it's holding right now at around 347 and then of course we saw that winter come down which was almost a 90% correction is circle setting up for that in the stage of where we are in the market right now because we could see some pretty significant activity or do you think that circle is actually going to accelerate because of all of this new ETH adoption and companies like what uh Bitmine is doing and with Tom Lee kind of giving a lot more, you know, awareness of what's going on.
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