Just been going through some old market calls and realized something - the guy who's been consistently right about crypto cycles is worth paying attention to.

Andrew Kang built an insane track record. Started with basically nothing, turned it into serious wealth while most traders were getting liquidated. What's wild is how he called the ETH narrative way before it played out.

So here's what went down. Back in mid-2024, when everyone was hyped about the Ethereum ETF approval, Kang was basically the only one saying hold up. While the market was euphoric, he laid out a bearish case - argued that institutions would see ETH as overvalued compared to Bitcoin. His thesis: ETH doesn't have the simplicity institutions want. The staking, the DeFi complexity, validator economics - none of that matters to traditional finance. They want one thing: liquidity and simplicity. Bitcoin wins on both counts.

He predicted ETH would only grab 15% of the inflows that Bitcoin got from its ETF. Projected around 500M to 1.5B in flows over six months. Most people thought he was crazy.

Then what actually happened? ETF volumes tanked over 60% after launch. Buying happened in the first few weeks, then basically stopped. By the time we hit 2025, his $2,400 price target was nearly spot on - ETH dropped to $2,420 shortly after approval.

The disconnect he identified was real: crypto insiders believe in Ethereum's long-term story, but outside capital isn't convinced yet. That gap created inflated expectations and a painful correction that played out exactly as he mapped it.

Beyond the short-term bearishness, Kang still sees the bigger picture for Ethereum. He thinks it could become a real settlement layer for finance, a home for Web3 apps, eventually a global decentralized computer. But that needs actual use cases and deeper institutional adoption first.

On the investment side, he runs Mechanism Capital and backs projects across the ecosystem - things like 1INCH, ARB, and others. He even threw money at MAGA memecoin, reasoning that Trump is basically an attention monopolizer and in crypto, attention converts to value.

What's interesting about Andrew Kang's approach is he doesn't just make calls for clout. He builds theses on actual incentive structures and what institutions actually care about. When everyone's in euphoria mode, he's the one asking uncomfortable questions.

Current ETH price sitting around 2.19K, so the volatility he predicted is still playing out. Worth keeping an eye on how his longer-term vision for Ethereum develops. The guy's earned the benefit of the doubt on market timing.