BTW now somebody is thinking to do Microstrategy strat of BTC accumulation but for ETH. I kinda think its a bad idea but at the same time super long term could be smart...
Those are not new ideas, and they are likely retarded to believe that ETH is sufficiently similar to BTC in order to justify their seemingly dumb ass accumulation of it... but hey guys can do whatever they like in terms of investing in shitcoins (ETH or any other shitcoin or using leverage to buy ETH) and see how such seemingly retardedness goes for them and/or anyone involved in such shitcoin..
Yeah, a coin with unlimited supply immediately makes me think its stupid to accumulate, but I guess if the intent is also to develop it for apps and utility (which they have no intent) would have made it slightly less dumb.
Pathetic price while BTC is near ATH makes them think they're getting such a good deal.
Maybe they just see that it is second place on the market next to Bitcoin and the price is somehow cheap that's why this people got an idea to invest on it then hope that it move the same as Bitcoin then achieve many figures in future.
To bad for them to believe that way since if they just figure out that ETH has no fix supply cap for sure that they will get disappointed on it and think about that what they are looking for is almost impossible to happen. That's why its really better for them to stick on Bitcoin especially that this coin only have limited fix supply. If they fail on their ETH investment hopefully they won't point out that Bitcoin is also scam since there are crazy people doing this.