End of the bull run? | Weekly Recap

Why this is the wrong question.
Jun 5, 20212 min read

Dear Bankless Nation,

Crypto prices down lately…

And what if we see a death cross in June? ESG concerns? Elon’s tweets?

Is it the end of the bull run?

This is the wrong question. No judgement if you’re asking it. We’re all curious. It’s fun. But the answer is the always the same. No one knows.

And anyway…who cares?

No one can tell you the price of ETH in one month or in one year. We can guess! To me this feels like a weeks to months pause before a big run-up…but what do I know? 😉

Here’s what I do know for sure…fundamentals are strong.

And there’s still three ETH catalysts ahead:

  1. Summer - Layer 2 is here, it's awesome (watch this with Arbitrum)
  2. ETA July - EIP 1559 means fees go to ETH holders (here’s the models)
  3. ETA Q1 2022 - PoS Merge, issuance down, staking up (ETH goes Ultra Sound)

DeFi goes mainstream, Ethereum scales, ETH becomes ultra sound money…all in the next 9 months. All while the Fed keeps printing, banks keep sucking, and DeFi keeps growing.

Wall Street Journal reporting on DeFi…first time this week.

I find it impossible to be bearish with this backdrop.

I literally don’t care what the market does in the short run.

If ETH price goes down from here…the market is wrong.

But it’s been wrong before. 😉

Next week the journey continues…

  • We drop the long-awaited sequel to this epic episode w/ Vance (he’s still bullish)
  • What would it mean if Uniswap become Ethereum’s Oracle??
  • One of the Up Only guys teach us how to trade like a fundamentals investors

Seriously…re-listen to our Bull Case for DeFi episode with Vance Spencer before you listen to Monday’s ep. IT HOLDS UP.

Let’s get to the recap


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Recap for the week of May 31st, 2021


Listen to podcast episode | iTunes | Spotify | YouTube | RSS Feed


  1. Execute any good market opportunities you saw in Market Monday
  2. Provide liquidity to Uniswap V3
  3. Learn how to use perpetuals for non-speculators
  4. Explore the future of work
  5. Share what DeFi app everyone should use


  1. 🎙️ Listen to The Altcoin Slayer | Eric Wall
  2. 📺 Watch SotN #48: Arbitrum Launch | Steven Goldfeder & Harry Kalodner
  3. 📺 Watch Rollup: Bitcoin Miami Conference | Arbitrum L2 | Coinbase Apple


  1. NFTs are alive and well
  2. How to get virtual land on Ethereum
  3. Analyzing NFTs with DeGenData


  1. Bankless DAO weekly rollup #5
  2. POAP x Bankless DAO Proposal
  3. Rewarding Season 0 Active Community Members

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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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