Buy
1
Hold
0
Sell
0
Watch
2
The host notes that Eric Voorhees has accumulated $264M in ETH at $2,161/coin, the Ethereum Foundation is staking more than ever, and BMNR continues to accumulate. The host implies Ethereum is the underlying bullish thesis, and BMNR is simply a leveraged/derivative way to get ETH exposure.
Tanner has more faith in Ethereum than Bitcoin, arguing Ethereum has tangible utility as a cheaper payment rail and that the entire financial system will move on-chain. However, he acknowledges the sharp selloff from $5,000 to $1,700 and that Tom Lee's bottom call was previously wrong. He sees historical recovery patterns but doesn't make an explicit buy call.
Conflicting signals: Tom Lee expects all-time highs by end of January, but Sean Farrell's base case is $1,800-$2,000 for H1 2026. BMR's cash hoard and slowing purchases suggest institutional expectation of further downside. Host is cautious and warns it could get worse before better.