Too many people on CT don’t want the best thesis.
They want the best thesis to be theirs.
And I think that explains a lot of the reluctance to give SPX6900 its flowers.
To me, ethereum:0xe0f63a424a4439cbe457d80e4f4b51ad25b2c56c represents something we haven’t really seen before in this market. The on-chain picture is a huge part of why I’m so bullish. But so is a community that, in my eyes, is doing something genuinely exceptional.
Yet some of the loudest accounts on CT seem more comfortable searching for “the next SPX” than seriously considering the one already in front of them.
My read? Part of that is ego.
Everyone wants their own discovery. Their own narrative. Their own “I called this before anyone else” screenshot to pin to their profile.
There’s less personal glory in saying: “Someone else spotted this first. I looked into it, and I think they’re right.”
Especially when that someone is Murad.
But agreeing with Murad doesn’t make you less capable of independent thought. Rejecting a thesis just because you don’t want to give him credit isn’t independent thinking either.
It’s letting your opinion of a person dictate your opinion of an asset.
And honestly, I wouldn’t be surprised if some of the accounts reluctant to acknowledge $SPX publicly are holding it privately.
Owning the token is easy. Publicly backing a thesis you didn’t originate seems to be the harder trade.
None of this means SPX is above criticism. Challenge the thesis. Question the data. That’s healthy.
But “I don’t want someone else to be right” is not a bear case.
I’m bullish because of what I see in the on-chain data and in this community not because I need to agree with a particular person. I believe SPX6900 can reach valuations that sound absurd today. That’s my conviction, not a guarantee.
To the SPX community: you deserve your flowers. What you’re doing is remarkable, and I’m proud to back it.
I don’t need to have discovered something to recognize how good it is.
The market doesn’t care whose thesis it was.