Jun Yeok Joo-im

Bitcoin historically shows a strong seasonal tendency to rise in July (up in 10 of 14 years, ~70% probability). The market is currently cautious ahead of the FOMC meeting, but the new Fed Chair is expected not to deliver a hawkish message, which would be positive for risk assets. Combined with historically favorable July performance, this sets up a short-term rebound trade in Bitcoin.

Ethereum is drastically undervalued, trading near its price from five years ago while simultaneously facing an acute supply shock. Over 33% of the total supply is staked, continuously reducing the circulating float. In addition, Ethereum dominates the stablecoin and real-world asset (RWA) markets, which are projected to grow to trillions of dollars. The network's security value must catch up to the value it secures, so when Bitcoin eventually rebounds, Ethereum is set to outperform significantly due to both supply dynamics and the need for the network value to rise to cover the assets built on it.