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The ETH bet this cycle is institutional. Let me explain.
The crypto bull market has been defined by one thing – institutional flows to bitcoin. BTC caught a bid as an institutional grade asset this cycle. This unlocked the largest capital pool in the world and propelled BTC to $2.5 trillion.
BTC is going higher too. And because of BTC's explosive growth and dominance, people started to assume BTC would be the only institutional grade crypto asset, maybe forever.
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