Ethereum Dramatically Outperformed the S&P 500 in Q3. Is It Finally Time to Load Up on Ethereum?
One great quarter doesn't justify going overboard on Ethereum (CRYPTO: ETH) purchases, though owning some is a great idea, and adding a little right now still makes a lot of sense given what could be on the way. The coin surged by 66% in the third quarter, marking its best quarter since its wild run in 2021, while the S&P 500 gained just 2% amid considerable global uncertainty. Bullish investors are already sounding off in anticipation of the uptrend continuing. Tom Lee, chairman of BitMine Immersion Technologies , says Ethereum is "dwarfing" other major assets. At least for Q3, he's right. Let's take a closer look at the case for loading up and discuss why it's best to keep overly bullish inclinations in check for the time being. Image source: Getty Images. Continue reading