Coinstack

Here is the weekly Coinstack newsletter. https://coinstack.substack.com/p/intrinsic-value-comes-from-cash-flows Inside this week's issue... 1. Ethereum’s Intrinsic Value Comes From Its Cashflows 2. Leverage Trading: Get 2x Returns Betting on Ethereum 3. Coinstack Alpha Fund Update - Deposits Reopened - Up 23% in Last 3 Weeks While BTC Down 15% 4. Portfolio Update: Up 697% YTD 👀 5. Join the Weekly Advice Call on Crypto by Buying an NFT 6. NFTs of the Week by Mrs. Bubble 7. A Long-Term Crypto Portfolio 8. Who I’m Following Closely on Twitter 9. Getting Started in Crypto

Here is the EARLY EDITION of this week's Coinstack Newsletter just for our Telegram subscribers... https://docs.google.com/document/d/1CRFJi2S11_wBu6uwSRXE6JPwRj7Yl0edW_m2KtHX-Zk/edit#

Here are the top gainers of the Polkadot Ecosystem so far in May 2021. I expect this trend of DOT projects increasing in price to accelerate in 2H 2021.

Ethereum now has a market cap higher than Visa and JP Morgan and MasterCard and Bank of America. Next stop: Bitcoin.

One of the most important Ethereum graphs you’ll ever see. From TokenTerminal. Study it :).

I am writing this week’s Coinstack newsletter today. What topics would you like to hear about? What crypto questions do you have? Please answer in comments.

On days like today when Eth is up 50% in two weeks remember... that eventually a 20% mini-correction will happen... and when it does... to hold. Eth going to $8k+ this year, but it likely won’t be a straight line.

Just to put it into context how much Ethereum has pulled away from Bitcoin... Ethereum now has more than 7x the daily revenue of Bitcoin. And all the apps in pink are built on Ethereum. And 100% of Ethereum’s revenues will go directly to long term holders in the form of either token burns (like a stock buyback) which start in July 2021 or staking rewards (like dividends) which start in December 2021. So 100% of Ethereum’s revenues go to holders while 0% of Bitcoin’s go to holders. This is why I believe it is inevitable that Ethereum will be worth much more than Bitcoin.

It's happening... Publicly traded tech company Mogo has announced it has added Ethereum to its balance sheet holdings. https://www.businesswire.com/news/home/20210503005398/en/ "Mogo Inc., a digital payments and financial technology company, announced on Monday that it has purchased approximately 146 Ether at an average price US$2,780. Mogo’s Ethereum investment is consistent with management’s plans to increase the company’s balance sheet investment in the crypto ecosystem. “This initial investment in Ether complements our earlier investments in Bitcoin and reflects our belief in the long-term potential of blockchain technology and its position as a core component of a next generation financial technology platform,” said Greg Feller, President and CFO of Mogo."

This week's newsletter is now live... Please share with your friends... https://coinstack.substack.com/p/ethereum-on-the-balance-sheet

I have officially started a crypto fund on Enzyme. It is called the Coinstack Alpha Fund. You can invest in it using ETH or USDT with a MetaMask wallet. https://app.enzyme.finance/vault/0x29ffa4ba1938d5e8772de736a530708482870796/overview It is in an experimental phase the next 30 days. You can invest or withdraw capital at any time. Let me know if you have any questions.

Here is the EARLY EDITION just for Telegram subscrbers of the weekly Coinstack newsetter. https://docs.google.com/document/d/1JWZTGEYkYluQxhYi42gzevURVDUACtfkPEjxhpbNrYc/edit# In this issue I write about: 1. Ethereum on the Balance Sheet 2. Coinstack Alpha Fund Has Launched 3. Portfolio Update: Up 613% YTD 👀 4. Seeking Coinstack Sponsors 5. NFTs of the Week by Mrs. Bubble 6. Podcast Interview About Why Ethereum is Beating Bitcoin 7. A Long-Term Crypto Portfolio 8. Who I’m Following Closely on Twitter 9. Getting Started in Crypto

For those interested in learning more about Mrs. Bubble’s NFT art you can join her Telegram channel @mrsbubble. She’s up to 16 sales now and so grateful for the Coinstack community support. This one sold today - The Golden Goddess of Ethereum.

Here’s my portfolio as of this moment. Chainlink has moved into the top 10 by percentage based on its recent price growth.

Here’s a new Q1 2021 report on Ethereum DeFi, stablecoins, usage growth, and NFTs from Consensys. https://consensys.net/reports/defi-report-q1-2021/

Here is my source data for the above graphs: https://docs.google.com/spreadsheets/d/1WTA6mIq6CtvdleBoCDN26EiBt5aQ1QzLYvVCO0aH1x4/edit#gid=0

Ethereum is cheaper on a Price to Earnings (PE) basis than Netflix, Amazon, Shopify, and Tesla... AND Ethereum grew its revenues in the last 12 months by 23841% vs. 46% for Tesla. So it's 1/12th the price of TSLA on a PE basis while growing revenues 500x faster.

Here's the annual growth rate of Ethereum revenue compared to Tesla, Shopify, Amazon, and Netflix

Ethereum's PE Ratio is substantially lower than other fast growing tech investments, yet is is growing much faster.