Ethereum valuation as a vault
"The framework says that ETH right now is worth more than triple where it's trading at purely due to needing to adequately secure what's already sitting on the chain today."
ℹ️ In shortA new valuation method suggests Ethereum is worth over three times its current market price to adequately secure the network's value.
This prediction is awaiting verification.
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… And that's interesting is that this $6,900 number is today. That's before a single new dollar of adoption arrives, before any new stable coin growth happens and stable coins keep growing before any new tokenization happens. And Larry Frink from Black Rockck wants to tokenize everything. That's before any new institutional flows happen. The framework says that ETH right now is worth more than triple where it's trading at purely due to needing to adequately secure what's already sitting on the chain today. Now I can already hear the objections. Ah lark but you know circle can freeze USDC. So it's not really secured by Ethereum is it dog? It's all just a fugazi. It's smoke and mirrors. That's why ETH's trading under 2K. Yeah I hear you. I hear you. But let's look at what a freeze actually is. It's a smart contract executing as an Ethereum transaction …
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