/earnpark_old
huuluc
·
a year ago
In this post I was talking about why Ethereum (and other blockchains) were created.
Now let's try and look into the future of Ethereum.🔮
✔️Cumberland, one of the largest market makers in crypto claims that institutionalists were actively buying ETH at the end of 2022.
✔️For the first time (repeatedly) last year, ETH trading volume matched the volume of BTC.
✔️Coinbase added ETH staking for institutionalists in the US by teaming up with Blackrock (the largest reps of institutionalists, handling their $10TRLN+ portfolios).
Fidelity Investments:
New, younger blockchains can't compete with large BTC and ETH ecosystems, whose market share is comparable to Apple's position in the tech industry.
Even if a better one is invented, it'll be hard to reach the leaders because of their large market share.
Vitalik Buterin:
After the transition, the Ethereum network will be able to process more than 100,000 transactions per second.
The switch to PoS could bring popularity to cryptopayments.
ETH is actively moving from the weak hands to the strong hands, opening up new horizons for growth.
And a significant portion of transactions have started to come from institutional players.
We are observing an event comparable to the BTC halving.
Popularly, the ETH merge was called a triple halving.
To understand what to expect – think of how BTC reacted (and for how long) to its halving.
Even if we see a surge of speculative activity and subsequent volatility based on unlocks from staking, its prospects remain for the long term.
The Shanghai hardfork is scheduled for March, and this update will allow to withdraw ETH from staking.
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