🏴 Long ETH, Short Gold?

Summary

ETH has that! And yet currently the flagship programmable money trades at basically the same price it did 5 years ago, meanwhile in the same span the value of gold doubled.

Is ETH oversold then, and the shiny inert rock overbought? It's possible, and my article today breaks down how you might approach making a contrarian trade here.

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1. 💸 In DeFi news, Jito opened its consumer app, JTX [ to everyone, Morpho officially rolled out its next-gen Midnight [ credit markets protocol, and senators have been holding bipartisan talks on the Clarity Act's crypto ethics + DeFi [ provisions. 2. 📈 Tokenized stocks are going vertical, with monthly onchain transfer volume having reached $9.22B in June [ per a16z crypto.

If you ask people whether you should buy/sell/hold gold, most today would say buy or hold.

Of course, gold did hit an all-time high of $5,589 in January 2026, largely on the backs of central banks buying in record numbers as reserve diversification has come into fashion amid rising geopolitical tensions.