Ethereum is going to EXPLODE over the next 18 months for 3 main reasons. Firstly, following EIP-1559 which introduced the burning mechanism to Ethereum which then later combined with the merge, the Ethereum supply has gone deflationary. On the website ultrasound.money, you can see that even in a bear market, the burning of Ethereum far outpaces the new issuance of Ethereum, leading to a deflationary asset.
Ethereum is coming up to net negative 200,000 Ethereum since the merge, thanks to things like investors trading meme coins such as Pepe. and keep in mind this is during a BEAR market. Imagine what will happen to the supply of Ethereum during a bull market with the amount of Ethereum that is getting burnt.
Secondly, in just under 1 years time we have the Bitcoin halving. Although not directly related to Ether, the bitcoin halving ALWAYS has resounding effects on the entire crypto market and it’s a narrative that will inevitably bring capital flows to Etheruem as well.
Thirdly, in Vitalik’s most recent interview he believes by the end of 2023 Ethereum is going to be essentially finished with roll-ups and layer 2’s and will be much more user friendly in terms of gas fees and user ability.He claims that he wants to be ready for Ethereum to have 500 Million Users before it has 500 million users.
Etheruem currently has around 4 million active users, meaning he is expecting over a 100 fold increase in adoption. Just imagine what this would do for price.
About Vitalik Buterin:
Vitaly Dmitrievich Buterin, better known as Vitalik Buterin, is a Russian-Canadian computer programmer, and founder of Ethereum. Buterin became involved with cryptocurrency early in its inception, co-founding Bitcoin Magazine in 2011.
Credits:
To watch the full unedited interview in which clips are highlighted (and subscribe to a great crypto resource!) Check Out:
The Network State Podcast
Vitalik on Starting New Countries and Improving Yourself | The Network State Podcast with Balaji https://youtu.be/1xhPqZZYJSE
