Market Update

Happy Monday everyone. I’ve been thinking a lot about what the implications for BlackRock and Fidelity being some of the main actors in this space (in the US). I’ve always thought that ETH would not be considered a security as you all know. I have been very vocal about this from the beginning of the “securities” debate.  I think one of the reason for this is because either Fidelity or BlackRock or both will offer staking services for ETH. Just my hunch. 

With that said I am going to increase my ETH position slowly. The amount of both ETH and BTC are at all time lows in regards to supply on exchanges. For Bitcoin only about 10 percent of all Bitcoin is sitting on exchanges. That will easily get eaten up in due time. 

I am going to use any pullbacks to slowly buy even more ETH. If you don’t already know this about me, I have been dollar cost averaging ETH since 2015 and I have most of my ETH staking with Lido.fi . I also DCA weekly into Bitcoin. I will now up my DCA into ETH by 5 percent more give or take a percent. In other words, each small purchase that I do weekly will be upped by 5 percent.