Bitcoin, Ethereum, or Altogether?

The day has started with a nice upside move in Bitcoin and Ethereum. The primary reason why the market has shown a drastic increase is the news coming from the side of Micro Strategy. According to the data, Michael Saylor has bought 3000 more Bitcoins around $52K and the total bag of Bitcoin of Micro Strategy has exceeded $10B in value!

Apart from the purchase by Saylor, the Bitcoin Spot ETFs also revealed bullish signs. Though the outflow of Bitcoin ETFs surpassed the inflow for a short time, the bulls are leading again. The innate buy pressure on spot Bitcoin via ETFs is on again.

As we mentioned in the earlier Daily Leo newsletters, institutional buyers hunt retail sellers while Bitcoin is still relatively cheap compared to the expectations up to $200K.

The applications of Ethereum ETFs will be concluded in two months. The bullish sentiment on the possibility of the approval of ETH Spot ETFs drives the price of Ethereum accordingly. All positive events make people believe in the integration of Bitcoin, so do " some " altcoins, into our lives. Recently, European countries started to explore ways of Bitcoin adoption. In Turkiye, the government is working on the regulations on crypto. Similarly, Donal Trump knows crypto very well as he has his own NFT collection, too.

The approach toward crypto has never been so positive as Bitcoin spot ETFs prove the existence of Bitcoin as a financial asset. The Web3 ecosystem comes with its own rules and devastating potential. The first form of the internet, a.k.a. Web 1, was read-only whereas the magnificent Web 2 came with an interaction element. Web 3.0, on the other hand, connects your " self " to the new world with your ID, assets, persona, and preferred amount of privacy. Web 3 brings ownership to the content creators and consumers rather than centralized units. This is why Hive is seen as the best form of it.

The way we connect to the world and the things that we develop for the whole world start to matter a lot as there is a massive inflation of coins in the market. In line with the rapid growth of crypto, the fraudulent activities have increased significantly. Due to the complexity of blockchain for common people, the security plays a crucial role. Thus, MetaMask introduced security alerts as a consequence of the uncontrollable risk that millions of people face every day.

Apart from the fundamentals, catching the narratives is a big thing for investors to utilize the wild side of crypto. For instance, the attention on Liquid Staking and Layer 2s has been the pioneer factors that carried to prices to the current levels. Especially after Ethereum's Dencun fork, the Layer 2 projects' revenue will rapidly increase. Arbitrum, Optimism, Starknet, and Mantle are the hottest layers that will make use of it. With $200M TVL on Mantle, the investors see it as one of the coins with the highest potential in the bull market.

So, the clear answer of what to invest is definitely a narrative-based crypto portfolio rather than an all-in type of investment. Considering the hype of investors, we need to take a position to be good sellers 🎢

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