1. Currently, US stock market funds' understanding of ETH is still at the stage of the crypto in 2014-15. BTC's slogan "digital gold" is easy for funds outside the circle to understand, while ETH's "smart contracts" are much more complicated. 2. The first surge in the ETH to BTC exchange rate began with the large-scale rise of ICOs in 2016-17, resulting in a large number of tokens being put on the blockchain. The second surge in the ETH-BTC exchange rate will begin in 2026-27 with the blockchainization of traditional finance (USD, US stocks, US bonds), and a large number of RMA tokens will be put on the blockchain.

Mr. Jiang, haven't you sold your product from the last cycle, $eth, yet?

Never sell coins; at most, buy a PUT at a high point to protect your position. The interest from POS is enough to cover expenses, why sell coins? Stability is what brings happiness :)

Stable, but I'm bearish on the entire industry.