BM Pro Daily - Bitcoin And “Crypto”

Bitcoin And “Crypto” In today’s issue we will analyze the broader “crypto” market, with a focus on Ethereum and reaffirm why we remain a bitcoin-only focus in our analysis. In short, our primary thesis is that bitcoin is the best monetary asset the world has ever seen, given its monetary assurances, immaculate conception, decentralization, and immutability. While there is certainly a lot of activity in the broader cryptocurrency market, including everything from stablecoins to NFTs (non-fungible tokens), to lending protocols, our belief is that all of these projects/experiments are dwarfed by global money from the perspective of long-term TAM (total addressable market).

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