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

[obsidian]

You can't have a "treasury company" based on a proof of stake coin who's value is determined on revenue, with the underlying token unlimited in supply - that should be obvious. You learned your lesson with Trump coin, and you are learning it very publicly and in real time with Eth. So, these little Eth (and Sol or whatever) "treasury companies, are really just a gimmick, playing off the naivety and stupidity of "investors" looking for a "better than BTC" short-cut, in an attempt to outperform BTC, so that they can later buy more BTC than they had just bought BTC all along. Meanwhile the founders of such scams are using any funds to buy BTC as quickly as they can in their personal capacity. So, you should be able to see who the sucker is in these scenarios...
 
Also, you are confusing utility with the calculation of fundamental underlying value. We will see far more use and emergence of L2s that compete with ETH. Meanwhile, Eth has totally lost the "better that BTC at being BTC" narrative, so really in a tough spot. Eth's underlying value based on traditional metrics is around $500 per coin. So, this is where the market will gravitate to over time. Of course with bumps up and down along the way. (This may change if Eth utilization increases, but is very unlikely as we know transaction costs will ultimately always proceed to the most efficient protocol).

If you are really looking for an Eth killer, or the next "real Eth", look for a smart contract solution built on top of the BTC base layer. Here's a little tip for you on a venture I have invested in - and watch out for the ICO coming - I can't get you or anyone here a preferential allocation, but I can help point you in the right direction. You can thank me later...

https://botanixlabs.com/why-botanix

As for stablecoins, we all know this is the absolute perfect trojan horse for fiat to flow into BTC....

See you at 125K!

This is classic Bitcoin-maxi cope.

ETH’s value doesn’t need to be pegged to revenue or “traditional metrics” any more than BTC’s does—many of us see it as a store of value, backed by usage, security, and a burn mechanism that often makes it deflationary. The idea that founders of ETH-based projects are just dumping for BTC is pure conspiracy with zero evidence.

And the Botanix plug? You accuse others of chasing gimmicks, then pitch your own ICO built on top of a 10-minute blockchain with 5 TPS. Botanix is interesting tech, but it's still settling to Bitcoin’s painfully slow base layer. Meanwhile, Ethereum L2s like Arbitrum and Optimism are already live, fast, and collectively power over $145B in stablecoins—something Bitcoin can’t do and doesn’t do.

Including L2 stablecoins on Arbitrum pushes Ethereum’s total stablecoin share to around 60% of the global market—far above the ~32% held by Tron and smaller shares on Solana and others. Any analysis that ignores L2s seriously underestimates Ethereum’s dominance and utility.

Stablecoins are not a Trojan horse for Bitcoin—they're a Trojan horse for Ethereum and U.S. Treasury demand.

Bitcoin benefits only at the margins, while Ethereum does the real lifting by powering 60% of global stablecoin activity.

[obsidian]

The amount of staked Ethereum is now approaching 35.5 million ETH. The ETH Exchange Reserves also continue trending down since 2022.

https://beaconcha.in/charts/staked_ether

Ether exchange reserves hit 9-year low

According to CryptoQuant data, on February 18, Ether reserves across all exchanges fell to 18.95 million, marking their lowest level since July 2016, when Ether was trading around $14.

https://cryptorank.io/news/feed/bc876-ether-exchange-reserves-hit-9-year-low

Ethereum Price Targets $3,000 As Analyst Calls It A ‘Powder Keg’

The Ethereum price is flashing major upside signals as on-chain and market activity align toward a potential breakout to the $3,000 level. With crypto exchange balances falling to their lowest in nine years, stablecoin rails hitting record highs, and Spot Ethereum ETF inflows spiking last month, analysts now describe ETH as a “powder keg” primed for explosive movement.

https://www.tradingview.com/news/newsbtc:e2ae1f759094b:0-ethereum-price-targets-3-000-as-analyst-calls-it-a-powder-keg/

Hopefully we don't get another black swan event or regional war to fuck things up.

[Flexacon]

And the Botanix plug? You accuse others of chasing gimmicks, then pitch your own ICO built on top of a 10-minute blockchain with 5 TPS.

[/b]

What if I told you there is an institutional grade L1 blockchain in development that's proven it's capable of doing 11million TPS (lead investor is billionaire Eric Schmidt of Google fame)

[Griffith]

Another Bitcoin mining company pivoting to Ethereum:

Bit Digital’s Strategic Shift: From Bitcoin Mining to Ethereum Staking – A New Industry Blueprint?

The cryptocurrency mining world got a major shake-up when Bit Digital announced it was ditching Bitcoin mining altogether. On June 25, 2025, the company dropped the bombshell that it’s going all-in on Ethereum staking and treasury management instead.

The company had 24,434.2 ETH (worth about $44.6 million) and 417.6 BTC (approximately $34.5 million) sitting in its treasury as of March 31, 2025. Now they’re planning to sell off all their Bitcoin mining gear and dump their BTC holdings into Ethereum.

https://bravenewcoin.com/insights/bit-digitals-strategic-shift-from-bitcoin-mining-to-ethereum-staking-a-new-industry-blueprint

[Griffith]

GameSquare Unveils $100M Ethereum Strategy

GameSquare Holdings (NASDAQ: GAME) said it’s launching a crypto-focused treasury strategy backed by a strategic alliance with Dialectic, aiming to generate on-chain yields of 8–14% using Ethereum.

The company’s board approved up to $100 million in ETH investments over time, it said.

https://finance.yahoo.com/news/gamesquare-unveils-100m-ethereum-strategy-125707162.html

[SouJerz]

Printer go Brrrrrrrr!!!! 

Keep stacking satoshis!!!

[jude2]

GameSquare Unveils $100M Ethereum Strategy

GameSquare Holdings (NASDAQ: GAME) said it’s launching a crypto-focused treasury strategy backed by a strategic alliance with Dialectic, aiming to generate on-chain yields of 8–14% using Ethereum.

The company’s board approved up to $100 million in ETH investments over time, it said.

https://finance.yahoo.com/news/gamesquare-unveils-100m-ethereum-strategy-125707162.html

I was debating on buying gamesquare a couple of days ago. I can kick myself in the ass, it went up 100% in 2 damn days.

[Griffith]

Jack Ma’s Ant Group to Integrate Circle’s USDC for Blockchain Push

Jack Ma’s Ant Group is preparing to integrate Circle’s USDC stablecoin into its global blockchain platform, marking a rare crypto step by a Chinese fintech giant.

As per the reports from Bloomberg, the decision follows recent momentum around stablecoins after the U.S. Senate passed a bill in June to regulate dollar-backed digital tokens. Circle, one of the few public companies with its own stablecoin, has been among the main beneficiaries.

It was listed in June and has already announced plans for a new payments network aimed at cross-border settlements using USDC.

The company handled over $1 trillion in global transactions last year, with a third running through its blockchain.

Asset managers like BlackRock and Franklin Templeton are building tokenized money market funds, all pointing to the same shift: regulated digital dollars are becoming infrastructure.

https://www.cryptotimes.io/2025/07/10/jack-mas-ant-group-to-integrate-circles-usdc-for-blockchain-push/

[SouJerz]

113,530!

Do we ever see sub 110k again?

Keep stacking satoshis!!!

[Mayday]

113,530!

Do we ever see sub 110k again?

Keep stacking satoshis!!!

116k

126k just around the corner.

[obsidian]

[/b]

What if I told you there is an institutional grade L1 blockchain in development that's proven it's capable of doing 11million TPS (lead investor is billionaire Eric Schmidt of Google fame)

That would be completely centralized. Ethereum's decentralization goals means validators with 1 Gbps internet connections or less should be able to participate via solo staking.

Each transaction might be 250–500 bytes (including metadata, signatures, etc.). At 11 million TPS, that’s ~2.75–5.5 GB per second of bandwidth just to transmit the raw data. A 1 Gbps connection = ~125 MB/sec, meaning it’s ~40–80x too slow to handle that load.

Keeta’s claim of 11 million TPS is likely misleading unless it's highly centralized. A validator with a 1 Gbps internet connection couldn’t realistically keep up with that volume — it would need 40–80× more bandwidth. If Keeta requires enterprise-grade hardware and a few trusted validators, it’s not a true blockchain — just a fast, centralized system.

The blockchain trilemma says you can only optimize for two of three:

1. Decentralization
2. Security
3. Scalability

Keeta likely sacrifices decentralization to boost scalability and security — unlike Ethereum, which prioritizes decentralization and security at the cost of throughput.

[obsidian]

116k

126k just around the corner.

Yes, and only a 8.62% increase. Amazing price for sure, and congrats to everyone getting in at $0.01 - $15,000. Someone new to crypto with $10,000 will not make any lifechanging gains with BTC IMO. If BTC is currently $116,000, a $10,000 investment would buy you about 0.0862 BTC, and if BTC hits $1 million, you’d realize a profit of approximately $76,200.

It's is too late for the BTC train if you're looking for huge gains with minimal allocation.

[obsidian]

Another Bitcoin mining company pivoting to Ethereum:

Bit Digital’s Strategic Shift: From Bitcoin Mining to Ethereum Staking – A New Industry Blueprint?

The cryptocurrency mining world got a major shake-up when Bit Digital announced it was ditching Bitcoin mining altogether. On June 25, 2025, the company dropped the bombshell that it’s going all-in on Ethereum staking and treasury management instead.

The company had 24,434.2 ETH (worth about $44.6 million) and 417.6 BTC (approximately $34.5 million) sitting in its treasury as of March 31, 2025. Now they’re planning to sell off all their Bitcoin mining gear and dump their BTC holdings into Ethereum.

https://bravenewcoin.com/insights/bit-digitals-strategic-shift-from-bitcoin-mining-to-ethereum-staking-a-new-industry-blueprint

This is happening with Solana as well.

https://decrypt.co/329520/bit-mining-soars-bitcoin-dogecoin-miner-reveals-solana-pivot

BIT Mining Stock Soars After Bitcoin, Dogecoin Miner Reveals $300 Million Solana Pivot
The U.S. miner also wants to convert its current holdings to SOL.

The share price of Bitcoin miner BIT Mining soared 143% on Thursday after the company announced plans to raise $200-$300 million to create a Solana Treasury and convert its existing holdings into SOL.

Akron, Ohio-based BIT Mining was recently trading for over $5 a share, according to Yahoo Finance. The company's share price has lingered below $3 for much of this year.

[Lartinos]

I just started to sell some I bought at 75 on that dip.
Still holding, but I need it take some profit.

[Flexacon]

That would be completely centralized. Ethereum's decentralization goals means validators with 1 Gbps internet connections or less should be able to participate via solo staking.

Each transaction might be 250–500 bytes (including metadata, signatures, etc.). At 11 million TPS, that’s ~2.75–5.5 GB per second of bandwidth just to transmit the raw data. A 1 Gbps connection = ~125 MB/sec, meaning it’s ~40–80x too slow to handle that load.

Keeta’s claim of 11 million TPS is likely misleading unless it's highly centralized. A validator with a 1 Gbps internet connection couldn’t realistically keep up with that volume — it would need 40–80× more bandwidth. If Keeta requires enterprise-grade hardware and a few trusted validators, it’s not a true blockchain — just a fast, centralized system.

The blockchain trilemma says you can only optimize for two of three:

1. Decentralization
2. Security
3. Scalability

Keeta likely sacrifices decentralization to boost scalability and security — unlike Ethereum, which prioritizes decentralization and security at the cost of throughput.

It's centralized in the sense that it relies on aws, google cloud etc.

The 11m TPS was to demonstrate the technology, scalability and ability to meet global demand (all independently verified) It can even ramp up to beyond 50m TPS. Nothing in crypto and more importantly in currently used tradfi technology comes close

It all comes down to how cheap they can make it.

Oh did I mention Eric Schmidt is an investor. It's the only crypto project he's endorsed aside from chainlink where he was an advisor.

[Mayday]

Yes, and only a 8.62% increase. Amazing price for sure, and congrats to everyone getting in at $0.01 - $15,000. Someone new to crypto with $10,000 will not make any lifechanging gains with BTC IMO. If BTC is currently $116,000, a $10,000 investment would buy you about 0.0862 BTC, and if BTC hits $1 million, you’d realize a profit of approximately $76,200.

It's is too late for the BTC train if you're looking for huge gains with minimal allocation.

True.

But the catch 22 is the things you hate, go up. The things you love don’t do what you want them to do.

[obsidian]

True.

But the catch 22 is the things you hate, go up. The things you love don’t do what you want them to do.

Good thing Ethereum is the most hated chain in crypto 

Bitcoin Maxi's love BTC, and so far your reasoning has not played out that way - lol!

A much hated ETH rally will be the most entertaining outcome for sure. What's funnier? BTC going to $200-500k or ETH going to $80k? 

[obsidian]

It's centralized in the sense that it relies on aws, google cloud etc.

The 11m TPS was to demonstrate the technology, scalability and ability to meet global demand (all independently verified) It can even ramp up to beyond 50m TPS. Nothing in crypto and more importantly in currently used tradfi technology comes close

It all comes down to how cheap they can make it.

Oh did I mention Eric Schmidt is an investor. It's the only crypto project he's endorsed aside from chainlink where he was an advisor.

Don't kid yourself. If it is decentralized then there is no way in hell it will reach 11m TPS or even 50m TPS. Those are bullshit numbers. It can do that in a lab between two machines. I can install a blockchain on a powerful server at home and do millions of TPS as well if there's only two computers and one user doing the transactions.

Based on tests, Keeta boasts a high throughput of 10 million transactions per second (TPS) and 400 milliseconds transaction settlements.

MegaETH is a Layer-2 Ethereum scaling solution that aims to achieve near-instant transaction finality with block times as low as 1-10 milliseconds.

1-10ms is a lot shorter than 400ms.

Base announced its flashblocks with 200ms block time. In comparison:

MegaETH = around 10ms
Arbitrum = around 250ms, Orbit = 100ms
Solana = 400ms

If a chain has:

Block time: 200ms (0.2 sec)

Block size: 5,000 transactions

TPS = 5,000 / 0.2 = 25,000 TPS

If the goal is 11 million TPS at 400ms block time:

11,000,000 TPS × 0.4 sec = 4,400,000 transactions per block

That's 4.4 million transactions per block, which is enormous. To sustain this, you'd need:

Blazing-fast network throughput (latency and bandwidth)

High parallelization

Efficient consensus

Massive validator hardware

Fast state execution and storage

Completely centralized.

[Flexacon]

Don't kid yourself. If it is decentralized then there is no way in hell it will reach 11m TPS or even 50m TPS. Those are bullshit numbers. It can do that in a lab between two machines. I can install a blockchain on a powerful server at home and do millions of TPS as well if there's only two computers and one user doing the transactions.

As I said Eric Schmidt is an investor. He made sure his contacts at google were involved. So not only were google cloud engineers involved in the tests, but it was independently verified by chainspect.

Mainnet will be out in a couple (with a bunch of fintech partners onboarded) You won't have long to wait to see if I'm kidding myself.

[SouJerz]

I just started to sell some I bought at 75 on that dip.
Still holding, but I need it take some profit.

You’re taking profits when you convert dollars into satoshis!!!

[Griffith]

Another Bitcoin mining company pivoting to Ethereum:

BTCT Announces Completion of $1 Million Ethereum Strategic Reserve

BTC Digital (NASDAQ: BTCT) has announced the establishment of a $1 million strategic reserve in Ethereum (ETH), marking its first step toward expanding its presence in Ethereum's on-chain financial infrastructure.

This strategic initiative represents BTCT's evolution from a crypto mining company to an on-chain financial infrastructure participant.

CEO Siguang Peng emphasized that this initial investment positions the company for future opportunities in decentralized finance, stablecoin issuance, and asset tokenization.

The decision is driven by Ethereum's dominant position in stablecoin infrastructure, high transaction volumes, and growing institutional adoption. The company plans to continue increasing its ETH holdings in response to market developments and network upgrades.

https://www.stocktitan.net/news/BTCT/btct-announces-completion-of-1-million-ethereum-strategic-a60lv87zrwmq.html

[Lartinos]

You’re taking profits when you convert dollars into satoshis!!!

Depends if we are in an impulsive market or range bound. Range bound can be on higher time frames so hedging positions can be profitable. Trading is complicated and I am no genius like Bhank, but I make thousands of dollars doing it and it is definitely fun.