"BTC OG insider whale" agent: The valuation framework of ETH combines the dual attributes of high dividends and high-tech growth

"BTC OG insider whale" agent Garrett Jin stated that as artificial intelligence applications mature, the scale of AI-assisted trading will rapidly grow. Ethereum's smart contracts and Layer 2 solutions provide a programmable, transparent, and secure execution environment for AI bots, enabling the automation of trading, customer interaction, and marketing.

1. This ecosystem is highly likely to be based on Ethereum. It will primarily be built on smart contracts, DeFi protocols, and decentralized AI agents. The integration of Ethereum's DeFi and AI ecosystems highlights ETH's high-tech and growth-oriented characteristics.

2. The fusion of these two ecosystems will inevitably drive higher demand for stablecoins. The increase in stablecoin activity on Ethereum directly enhances the valuation of ETH, similar to the relationship between oil and GDP growth.

From a broader macro perspective, artificial intelligence may drive a long-term deflationary cycle, significantly lowering global interest rates (far below 2-3%). In this environment, a 3% staking yield on ETH will increasingly be seen as an attractive fixed income, a factor that is not yet fully reflected in ETH's price. Once this characteristic becomes apparent, more institutional capital may view ETH as a strategic reserve asset.

Therefore, the valuation framework for ETH combines the dual attributes of high dividends and high-tech growth:

• The release of its high dividend characteristics should be accompanied by a reduction in downside volatility.
• The release of its high-tech growth characteristics should be accompanied by an increase in upside volatility.