🔥Many people wonder: If you predict ETH may decline, why still buy?
Imagine a simple example.
A company believes that land prices may drop in the coming months, but they still buy land today because they need a strategic location to build a factory in 10 - 20 years. Short-term prices are not their main concern.
ETH is like that piece of land.
Fundstrat's report talks about cycles and short-term risks, serving portfolio allocation.
Tom Lee is buying ETH as a foundational asset, similar to how businesses hold gold or Bitcoin in reserves.
In fact, this has happened before.
MicroStrategy continues to buy Bitcoin even though BTC has dropped 30 - 50% multiple times afterward. They are not buying to catch the bottom, but to build a long-term position.
With ETH, the story is similar. ETH has staking, ETF cash flow, low selling pressure, and is the backbone of DeFi. Prices may fluctuate in the short term, but ETH's role in the system does not change.
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A person may be cautious in the coming months, but still believes in many years ahead.
