# Why Not Ethereum?

*Ethereum is a mainstay for the vast majority of portfolios. Which is exactly why it's unlikely to feature heavily in the gm Portfolio.*

By [The Tinkering Society](https://paragraph.com/@tinkering-society) · 2023-07-06

thetinkeringsociety, ethereum

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![](https://storage.googleapis.com/papyrus_images/8fa1999d1effa73e7b75e61be0dc8404.png)

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/9010bf8827f2b325aec084c86ba91ac2.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/@tinkering-society/why-not-ethereum)*