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https://taschalabs.com/why-im-bearish-on-ethereum/
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Tascha is quite a frequent writer, but doesn't mean I have to agree with whatever she says. Form your own view, but read voraciously. Only by learning and experimenting will you truly understand what crypto can bring (to the world and to your net worth).
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Agree with you, many are VC shilled, when the bull run resumes, retail will be exit liquidity for them, while they continue their rotation into eth, and particularly layer2 protocols associated with arbitrum