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![JourneyMacro Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1766810645541072896.png) Nomad [@JourneyMacro](/creator/twitter/JourneyMacro) on x 3382 followers
Created: 2025-07-18 23:48:55 UTC

Take everything you know about ETH's historic price movements and throw it out the window. Literally, completely forget it. 

Why? 

Phase 1: crypto was Ouroboros (first ten years).

Phase 2: Ethereum enables open banking via stablecoins and tokenization.

Phase X allows the world's financial system to graduate from separate banking ledgers around the world running on COBOL (ancient code) to share one ledger: Ethereum.

Everything is going to be tokenized.  

The network effects on Ethereum will be unlike anything we've seen before.

L1 and L2 chain fragmentation will soon be solved (within X months).

The network effects will be massive due to Metcalfe's Law where the value of the network is approximately n². (n is number of users)

If you are still thinking $XXXXX to $XXXXXX ETH, you don't understand ETH. You're still stuck in phase X mentality.

The base case for ETH in the phase X universe I'm describing is $XXXXXXX ETH. 100x ETH should be your base case.

Few.


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946356540077928767/c:line.svg)

**Related Topics**
[treasury secretary](/topic/treasury-secretary)
[currency](/topic/currency)
[bessent](/topic/bessent)
[the worlds](/topic/the-worlds)
[stablecoins](/topic/stablecoins)
[banking](/topic/banking)
[eths](/topic/eths)
[ethereum](/topic/ethereum)

[Post Link](https://x.com/JourneyMacro/status/1946356540077928767)