Bitcoins - about to hit $5,000 per coin today!

[obsidian]

Oh snap!

Happier now? Back to 2016.

You said ETH / BTC roundtripped 9 years on March 13 2025.

Unfortunately Yahoo's Historical Data does not go that far back. I did get these averaged values for March 2016 and March 2025. It did not roundtrip. ETH was still up more than BTC from March 2016 to March 2025, 9 years later. And that's after ETH's horrible performance due to the Bybit hack and overall ETH FUD.

ETH MARCH 2016: $6.34
ETH MARCH 2025: $1823.48

1823.48 / 6.34 = 287.61X

https://www.digrin.com/stocks/detail/ETH-USD/price

BTC MARCH 2016: $416.73
BTC MARCH 2025: $82,548.91

82,548.91 / 416.73 = 198.08X

https://www.digrin.com/stocks/detail/BTC-USD/price

[obsidian]

Bitcoin’s hashrate chart looks like a heart monitor during a heart attack.
Take a look at the latest monthly snapshot — it’s swinging wildly, fluctuating by up to 30% or more within days. And this isn’t a one-off; the volatility has persisted all year. That’s significant because Bitcoin’s hashrate directly reflects its economic security.

Meanwhile, Ethereum tells a different story.
ETH’s staked supply is calm, consistent, and steadily growing.
Check out the latest monthly snapshot — it’s a picture of stability. That’s what long-term economic security is supposed to look like.

[Mayday]

You said ETH / BTC roundtripped 9 years on March 13 2025.

Unfortunately Yahoo's Historical Data does not go that far back. I did get these averaged values for March 2016 and March 2025. It did not roundtrip. ETH was still up more than BTC from March 2016 to March 2025, 9 years later. And that's after ETH's horrible performance due to the Bybit hack and overall ETH FUD.

ETH MARCH 2016: $6.34
ETH MARCH 2025: $1823.48

1823.48 / 6.34 = 287.61X

https://www.digrin.com/stocks/detail/ETH-USD/price

BTC MARCH 2016: $416.73
BTC MARCH 2025: $82,548.91

82,548.91 / 416.73 = 198.08X

https://www.digrin.com/stocks/detail/BTC-USD/price

So you’re saying the eTHBTC chart i just posted is wrong aswell

Ifs ok to say it’s shit. We are all billionaire’s just talking here. One day it won’t be shit but the timing for that isn’t friendly unfortunately.

[Griffith]

JPMorgan moves further into crypto with stablecoin-like token JPMD

The U.S. banking giant told CNBC on Tuesday that it’s planning to launch a so-called deposit token on Coinbase’s public blockchain Base, which is built on top of the Ethereum
network. Each deposit token is meant to serve as a digital representation of a commercial bank deposit.

https://www.cnbc.com/2025/06/17/jpmorgan-stablecoin-jpmd.html#:~:text=The%20U.S.%20banking%20giant%20told,of%20a%20commercial%20bank%20deposit.

[obsidian]

So you’re saying the eTHBTC chart i just posted is wrong aswell

Ifs ok to say it’s shit. We are all billionaire’s just talking here. One day it won’t be shit but the timing for that isn’t friendly unfortunately.

Your chart is just a graphic. I posted the numbers for March 2016 and March 2025. Just being technical about your 9-year roundtrip claim. Yes, ETH / BTC has roundtripped the past few years. Time will tell if this trend will reverse meaningfully.

[obsidian]

JPMorgan moves further into crypto with stablecoin-like token JPMD

The U.S. banking giant told CNBC on Tuesday that it’s planning to launch a so-called deposit token on Coinbase’s public blockchain Base, which is built on top of the Ethereum
network. Each deposit token is meant to serve as a digital representation of a commercial bank deposit.

https://www.cnbc.com/2025/06/17/jpmorgan-stablecoin-jpmd.html#:~:text=The%20U.S.%20banking%20giant%20told,of%20a%20commercial%20bank%20deposit.

The one missing piece is Ethereum not being mentioned or promoted enough. They recently had a Bitcoin conference and "Stablecoins" were discussed more than Bitcoin - lmao! But Ethereum is never mentioned when people on the news talk about stablecoins. Even though the majority are on Ethereum and you literally can't have stablecoins on Bitcoin.

https://x.com/sassal0x/status/1935102653526417770

This whole "Coinbase doesn't have to talk about Ethereum thing" is just dumb. Of course, they don't *have* to talk about anything, but the incentives are already there for them to do so.

Coinbase is very incentivized to talk about Ethereum and see Ethereum/ETH do well - they own 137,000 ETH, are the third largest ETH staking service, are building their entire onchain business on Base (which settles on Ethereum) and have many investments in Ethereum-related companies.

It's not about "alignment" - it's about Coinbase (and other entities) being vocally bullish on the thing that they have invested a lot of time and money into.

[obsidian]