Hot take on why @BitDigital_BTBT converted all their BTC to an ETH-Only Treasury:
1) They sucked at mining Bitcoin and were ngmi compared to peers... their mining output sank by 80% YOY.
2) They spent the last 3 years building an ETH staking infrastructure, so they are playing to their capital investment bags.
3) Someone hasn't told them that yes, you can earn APY's on your bitcoin and that zBTC / ZEUS is going to melt faces.
4) Someone hasn't told them ETH is not a store of value whatsoever since moving to POS and its application revenue (e.g. cash flow in tradfi terms) is less than Solana's by ~half.
2015 narratives aren't enough to win 10 years later in a BTC supercycle and against Solana's superiority. BTC-FI will crush ETH-FI this cycle. And Solana via zBTC will upend all legacy narratives forever. Sound about right @dappiokeeper?
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