Episode Details

The Bull Case For Ethereum | Tom Dunleavy & Ryan Berckmans
5/19/2025
Empire β†—

Key Insights

Bullish:

  • 🟒 $ETH - Ethereum is seen as a highly promising investment due to its potential to revolutionize economic systems, its growing institutional adoption, and its projected growth in market cap relative to Bitcoin and gold. Its technical strengths, including censorship resistance and reliability, are expected to drive significant value appreciation.
    • β€œEthereum sells the opportunity to take all of our economic systems and level them up in a way that is risk minimized and and free. And and that's really the value prop that's driving all this institutional adoption and and, you know, the kind of growth we're seeing this season.” - Ryan (13:12)
    • β€œIf we assume Ethereum as the most, you know, censorship resistant chain that's never gone down, assumes even some one, two, three, four, five percent of that, you can see a pretty high, multiple of where we are today in terms of market cap versus, you you know, where we've been in the past.” - Tom (7:24)
    • β€œEthereum is 15% of the market cap of Bitcoin and 1.5% the market cap of gold. And as on chain grows a thousand x in the coming years and the lion's share of it is on Ethereum, it's gonna become obvious to folks that in the store value landscape in, like, this this, you know, Ethereum is gonna end up being much more important than people think relative to Bitcoin and gold.” - Ryan (1:10:19)
  • 🟒 $WORLDCHAIN - πŸ”’
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Bearish:

  • πŸ”» $LAYERTWO - πŸ”’
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