my bullcase on $ETH and eth treasury companies $SBET and $BTBT:

bitcoin has solidified itself as the most favorable cryptocurrency and the face of this industry, due to obvious reasons. the most prominent beta for a while was $ETH but due to it's lacking performance, people have considered coins such as $SOL or even $XRP as better betas to bitcoin

i believe the ETH treasury companies, as well as the stablecoin narrative will solidify ETHs position as the main beta to BTC. SOL treasury companies have no traction and 0 mainstream coverage, and there arent any other prominent altcoins that have this same narrative

ETH is also the main coin to bet to get exposure to the stablecoin industry, one of the few actual usecases that have come out of crypto

my two main bets on the ETH treasury narrative are $SBET and $BTBT. $SBET has the most favorable NAV ratio compared to the other treasury companies, has the largest ethereum treasury and has the ethereum cofounder as CEO

$BTBT is like an underdog play, the CEO is not as known as the CEO of $SBET or $BMNR for example but it's an actual business not just an eth treasury holding company which I think gives it a good edge compared to the others

this is all well and good, but we need to see the price following the narrative. $ETH reclaiming 3k is what I think will solidify this narrative

going to be focusing alot of my attention on the eth treasury companies as I think they have better R:R than most altcoins ATM

disclaimer: i am primarily a crypto trader, and not equity trader so my thoughts on equities could definitely be very wrong.