After looking at the developments of the two publicly traded companies, MicroStrategy and Ethereum Reserve Fund, I think their approaches are quite interesting—one focuses on accumulating Bitcoin, and the other plans to acquire about 5% of the total supply of Ethereum. It sounds very aggressive. But in reality, the stock performance of these two companies has been underwhelming.

What's even more interesting is that their stock price movements are almost tied to the prices of Bitcoin and Ethereum, with a correlation that’s surprisingly high. This raises a question: if these stocks continue to underperform, my personal outlook on the future of crypto assets would have to be questioned.

There's also a timing factor—no signs of interest rate cuts are expected until the first half of 2026, which puts pressure on both stocks and the crypto market.

Of course, this is just my personal opinion. I’d like to hear what everyone else thinks?