Crypto Gold

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One of the most bizarre things about Slope is that its best ideas are long ones (OK, that’s not so weird, since everything has gone up non-stop the past dozen years). All the same, if you glance at this post from two years ago, I was bullish on both Bitcoin and Ethereum (particularly the latter). My target for Bitcoin was a bit conservative at $6,000 (since, umm, it went up TEN TIMES MORE than that!) but I think we can at least agree my view of Ethereum being a good price at $160 wasn’t too bad, since it’s up about 18-fold from there:

Arrow marks approximate date of bullish $ETH post; it took a year before things really got going

Judging from this ratio chart of $ETH divided by $BTC, I’d say Ethereum has a great future ahead.