“Net annual buy pressure” doesn’t make the point.
In a halving event, $BTC miner sell pressure drops 50%. It causes all hell to break loose. What will this look like for $ETH?
In a halving event, $BTC miner sell pressure drops 50%. It causes all hell to break loose. What will this look like for $ETH?
https://twitter.com/drakefjustin/status/1383325832467214337
Post-merge, $ETH sell pressure will drop 90%. For $BTC sell pressure to reduce this much, it takes 3 halving events. I’ll repeat:
ETH will undergo the equivalent of 3 halving events in the next 12 months.
ETH will undergo the equivalent of 3 halving events in the next 12 months.
Illiquidity breeds volatility, and more illiquidity breeds more volatility. Post-merge, expect $ETH to have 3 halving events of volatility in 1 cycle.
However, $ETH also has an organic, accelerating #DeFi and NFT economy that $BTC has never had.
The narrative, the hype-ability, is infinitely higher. ETH can claim the BTC narrative but “ultra-sound” while also claiming NFT’s, DeFi, etc.
The narrative, the hype-ability, is infinitely higher. ETH can claim the BTC narrative but “ultra-sound” while also claiming NFT’s, DeFi, etc.
This much is obvious. If you have a price target, you’re being naive.
We are about to see 3 halvings of supply reduction in the face of INCREASING demand for an asset that has reached critical mass (90+% developers, rising transactions, rising TVL, NFT adoption, DeFi adoption)
We are about to see 3 halvings of supply reduction in the face of INCREASING demand for an asset that has reached critical mass (90+% developers, rising transactions, rising TVL, NFT adoption, DeFi adoption)
And then the ETF gets approved.
Accelerating ETH demand is forced to buy into 3 halvings worth of a supply shock.
Buckle up.
Accelerating ETH demand is forced to buy into 3 halvings worth of a supply shock.
Buckle up.
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