If bitcoin is akin to digital gold, then $ETH is like digital silver.
Silver is not primarily a store of value in the modern day, or a monetary instrument. It's an industrial metal used to build & power our most advanced technologies. Solar panels, electric vehicles, surgical instruments, AI.
We now see what happens when there's demand pressure on silver.
Parabolic moves.
But before that, silver was boring for a decade.
I don't know when it will happen, but when $ETH takes off, I'm ready.
I think people should be extremely cautious during these kinds of market conditions.
FOMO in metals is rampant. Don't get me wrong, I'm a full believer in physical gold & silver, & there are a myriad of real-world factors behind these moves, but chasing parabolic charts is never wise, irrespective of the asset class.
If you haven't held $PAXG until very recently, it's better to wait for the market to find equilibrium than to chase price discovery.