My ETH thesis

Part 0:

Delegated exposure. Establishments will buy ETH ETFs.

Part 1:

Establishments will begin to carry ETH on their stability sheets and delegate staking.

-ETH can be thought-about as a yielding infrastructure bond.

Part 2:

Institutions will stake ETH because they depend upon Ethereums infrastructure.

-ETH is not thought-about “crypto exposure”, its operational capital.

Part 3:

Establishments have built mission important infrastructure on Ethereum; If the establishment isn't holding and staking Ethereum- they're negligent.

Part four:

US authorities pays universal revenue on ETH or the IRS builds on Ethereum. ETH turns into a matter of nationwide safety and the US Authorities should now stake it.