Luca Netz Why Holding Pudgy Penguins Beats ETH
“I think if you hold ETH, like anything south of 100 ETH, you’ve got to hold it in penguins, I think you’re fiscally irresponsible if you don’t, because the data tells me it’s outperformed just holding ETH every year since I’ve been at the helm, and that’s a very easy benchmark to beat ”
“I say 100 ETH because NFTs are illiquid Getting in and out isn’t as simple as clicking a button on a trade, If you have more than like 15 penguins, it becomes harder to move in and out of positions”
“But if you’re bullish on Ethereum and you’re playing with less than 100 ETH, and you’re just trying to stay net long ETH, Pudgy Penguins will outperform it every day of the week, and don’t even take my word for it the data behind that statement is insane”
“If you actually look at the returns, it’s like 100% year over year if you factor in the airdrops, even if you don’t factor them in it’s still around 38% or something like that blended over the median of three years.”