Bankless Bull or Bear? Crypto Market Analysis with Ledger from UpOnly!
10 snips
Apr 27, 2023 
Brian Krogsgaard, co-host of the Up Only and LedgerCast podcasts, dives deep into the current crypto landscape. He shares insights on the potential for Bitcoin and Ethereum to experience 'bull traps' and compares market movements to past trends. The conversation shifts to the rivalry between Bitcoin and Ethereum, touching on investment strategies and regulatory impacts. Brian also highlights the skepticism towards traditional banking, emphasizing the appeal of crypto as a secure alternative for investors, complete with humorous anecdotes and serious analysis.
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Strong Assets
- Ledger believes ETH and BTC are fundamentally strong assets due to their powerful economic principles.
- These principles include disinflationary or deflationary characteristics, unlike other inflating assets.
Altcoin Performance
- First-cycle altcoins, including DeFi tokens and alt-L1s, are significantly down against ETH and BTC.
- This is due to an attention economy where newer assets capture the spotlight.
Investment Strategy
- Focus on ETH and BTC, the strongest assets, and consider them as the primary investment.
- Allocate a small percentage to high-beta assets you believe in for higher potential returns.