8th August 2025 > > ETH & the crypto pensioner.
- Mark Timmis
- Aug 8
- 3 min read
tl;dr
ETH is storming back on all fronts. The dawn of the age of the crypto pensioner is now breaching the horizon.
Market Snap
Market Wrap
Brian Armstrong, CEO of Coinbase, is not an impartial observer of the crypto markets, but he has often been right about stuff. He believes that governments will soon own more BTC as a percentage of their reserves than they do of gold. Imagine, wouldn’t that be just so lovely for us all? BTC is surely the hedge of all time against the ever-increasing tax burden we all suffer.
The Bank of England manipulated short-term interest rates lower this week. It did this despite predicting inflation will rise to 4pc next month, whilst stating that the MPC committee “remains focussed on squeezing out existing or emerging persistent inflationary pressures”. No work of fiction could ever match such a total and utter contradiction between actions and stated intentions.
I know I have asked this before, but I have not yet got a straight answer. Why is it that the bureaucratic elite cannot help but always lie to us mere plebs?
Occasional Series – Gosh, I am deeply mortified
Can you forgive me? It’s ok if you can’t, for I have transgressed. I am so embarrassed by this situation. I am not sure what I can do to make this better between us.
It has been pointed out that in yesterday’s CCC, I misspelt “thick” as “think”. As penance for my grievous mistake, the former of those two words will now be an adjective applied to me forever more. So much so, that some will assume that I worship at the altar of the false twin idolatry of central bank independence, and central bank competence.
Curious Cryptos’ Commentary – Ethereum
That was a decent move for ETH yesterday and overnight, fuelled by a short squeeze that killed so many leveraged players, a scene we watch over and over again. It never fails to entertain and amuse.
It seems that the narrative of the last couple of years claiming that ETH is dead might be over. There are always technological developments in process (Vitalik is surely one of the busiest men on the planet, up there with Elon). Staking is coming to the spot ETH ETFs and, as we saw yesterday, LSTs are (largely) outside of the remit of the securities laws in the US, bringing in a whole new cohort of institutional investors. The inevitable growth and usage of stablecoins following the signing into law of the GENIUS act disproportionately favours the Ethereum blockchain over all others.
With that as the background, you will not be surprised to learn that transactions on Ethereum are at yearly highs, and the amount staked is at historical highs. The very recent rise of DATs and specifically DATCOs focussed on ETH, a game plan which is being replicated on a daily basis, only adds fuel to this fire.
Those investors who DCA during the bad times really do reap the best rewards, but you all know that already.
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Just for the record, to cut out and keep for future reference, this is where we are at right now with ETH DATs:
Curious Cryptos’ Commentary – Crypto adoption
This new Presidential Order can only be good for our bags:
The headline news is all we need to know:
“EXPANDING INVESTMENT CHOICES FOR 401(K) PLANS: Today, President Donald J. Trump signed an Executive Order to allow 401(k) investors to access alternative assets for better returns and diversification.”
Note that “alternative assets” includes cryptos.
Perplexity tells me that “As of the end of the first quarter of 2025, the total value of assets held in U.S. 401(k) plans was approximately $8.7 trillion”.
I have had a long-standing conviction that we will see 3% - 5% of all investments flowing into cryptos, mostly BTC. Those who laugh at my belief ignore the fact the early adopters are either in that range, or at a higher level. The crypto pivot is up and running, and it will only accelerate from here.
3% of $8.7 TRILLION is over $250 billion of new money heading BTC’s way. That is going to help.
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