# Why Not Ethereum?

By [The Tinkering Society](https://paragraph.com/@thetinkeringsociety) · 2023-06-19

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Ethereum will not be a core position in the [**gm Portfolio**](https://www.tinkeringsociety.xyz/portfolio/gm-portfolio) anytime soon. Why not?

First, it’s too big already with a current market cap of around ~$215B at the time of writing. It will certainly perform well in a bull market and may be the safest crypto of them all, but it’s much harder for a wave to move an aircraft carrier than a sailboat.

![](https://storage.googleapis.com/papyrus_images/74920b477e7c17da02bdcc8f15b5a243b14612ef887fe8c479a2be9477637925.jpg)

Second, everyone will have Ethereum in their portfolio. Where is the fun in that?

Ethereum may be a part of the **gm Portfolio** eventually, but only late in the bull cycle.

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*Originally published on [The Tinkering Society](https://paragraph.com/@thetinkeringsociety/why-not-ethereum)*