$20K ETH | Weekly Recap

ETH as metaverse money is a multi-trillion dollar narrative

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Dear Bankless Nation,

Last week I asked Raoul Pal his price prediction for ETH by end of the year.

He said $20k.

And it isn’t crazy.

Crazy was calling for $20k ETH 18 months ago when it was only $140.

A $20k call at this point seems reasonable...logical…inevitable.

Look, in all my time in crypto I don’t think I’ve ever seen so many obvious tailwinds for a crypto asset than I see for ETH right now.

✅ Rapidly decreasing supply via Ultra Sound Money

✅ Rapidly increasing demand from NFTs, DeFi, and Tokens

✅ A multi-trillion dollar narrative

All three of these forces are now converging at the exactly the same time.

What’s the multi-trillion dollar narrative?

ETH is metaverse money.

The metaverse is the new world.

It’s a land of infinite opportunity where first-time coders can disrupt banks and 12-year old entrepreneurs can become financially independent.

Ethereum is the economic nexus of the metaverse.

Not Facebook, not Google, not WeChat…these centralized companies can give us tools for the Metaverse, but Ethereum will give us freedom.

Ethereum as the property rights and capital coordination layer of the Metaverse. This is the lifeblood. The center of commerce. The banking system. The money layer.

That’s the narrative.

As humanity is inexorably sucked into the metaverse this narrative only strengthens.

Listen to Reeth and Raoul.

$20k by end of year isn’t crazy.

Here’s what’s lined up for next week:

  • Podcast episode with former CFTC Chairman Brian Quintez

  • Kevin Owocki is publishing an article on DAOs and coordination

  • Arbitrum is coming on State of the Nation to talk scaling Ethereum

Enjoy the weekend.

- RSA


🙏 Sponsor: Aave—Experience DeFi: Deposit, Earn, & Borrow with Aave


Recap for the week of August 30th, 2021


🎙️ NEW PODCAST EPISODE

Listen to podcast episode | iTunes | Spotify | YouTube | RSS Feed


ACTION RECAP 📚

  1. Execute any good market opportunities you saw in Market Monday

  2. Learn how to use your website domain as an ETH address

  3. Explore the emergence of the Metaverse 🔥

  4. Earn yield on other blockchains with this guide

  5. Share your take on Loot

WATCH & LISTEN 🔊

  1. 🎙️ Listen to Ethereum is the greatest trade | Raoul Paul 🔥

  2. 📺 Watch SotN: Tokenizing Music with Royal | 3LAU

  3. 📺 Watch An Honest Take on Solana | Santiago Santos & Konstantin Lomashuk

  4. 📺 Watch Rollup: Arbitrum Launch | Loot NFTs | El Salvador BTC | EIP 1559

  5. 📺 Watch Layer 0 with Eric Conner

METAVERSAL 🧙‍♂️

  1. Unstoppable Magical NFTs

  2. Bored Ape Mutation Madness

  3. Loot explained

BANKLESS DAO 🏴

  1. Onwards to Season 2

  2. NFT Vault

  3. Early Proposal for Legal Identity

  4. Bankless Book Club


Weekly Subscriber Perks 🔥

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📺 State of the Nation

🎙️Listen to Podcast Episode | 📺 Watch the Episode

We’re now live streaming State of the Nation—join us at 2pm EST every Tuesday!


🗞️ Latest Weekly Rollup. Download the crypto meta to your brain in this weekly show.

Listen to podcast episode | iTunes | Spotify | YouTube | RSS Feed


Jobs opportunities 🧑‍💼

✨ See all listings on the Bankless Job Board

  1. TracerDAO is hiring a front-end engineer!

  2. Gauntlet is hiring a Product Manager

  3. Uniswap is hiring a Communications Leads



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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.


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