Thread by @TheCryptoLark

Here are 7 reasons that I remain mega bullish on #ethereum, why I continue to cost average in, why I continue to buy oversold dips, and why I will hold my ETH until the multi trillion market valuation comes... at which point I will be staking and making sweet passive income!

1 Ethereum ETFs are here, and will only become more prevalent. Canada and now Brazil have approved ETH ETFs. There are multiple ETH ETF applications sitting with the SEC in the USA. Approval of which will unleash a tsunami of money onto ETH. markets.businessinsider.com/news/stocks/sk…

2 Ethereum is the king of innovation in crypto, with the biggest dev lead. The release of multiple layer two implementations really underlines this. Uniswap, the biggest DEX on ETH, has just announced their integration of Optimism for scaling. This kills the ETH killers.

3 The triple halving is coming. Currently ETH annual inflation is around 4.5%, as part of the ETH 2.0 upgrade that will drop to around 0.5%. The equivalent of 3 Bitcoin halvings! This is bullish for ETH, especially when we consider

4 EIP 1559 which will be implemented in August. This will burn the fees paid for some transactions. Which over time will make ETH into a delfationary currency. Basically an automated perpetual stock buy back mechanism.

5 Proof of Stake is coming, possibly this year. This will fundamentally change the economics from a mine and dump economy, to a stake and hodl economy.

Plus it removes the environmental impact critique

6 Demand for Ethereum continues to be incredible! On exchange supplies keep hitting new lows and the amount of ETH locked in the 2.0 staking contract continues to grow.

More than 6.2 million ETH locked in 2.0

Seems not everyone is sleeping on ETH ;)

etherscan.io/address/0x0000…

7 Ethereum has been flipping Bitcoin on most metrics. Here is a chart showing that Ethereum is settling 3X more than Bitcoin every day on chain!

https://twitter.com/TheCryptoLark/status/1415146337763426306

7.1 Here is a chart showing that Ethereum is crushing it in terms of fees too. And most importantly the applications are. Uniswap takes in more in fees than Bitcoin. These are real companies with real economic models that work.

https://twitter.com/TheCryptoLark/status/1415148747219111939

Final thoughts. When you understand all of this it is hard not to be mega bullish on ETH. And this is far from an exhaustive list of reasons.