Ethereum Institutional Play (majority control (consensus)
I have been critical on Ethereum due to a terrible fee model, yield coming from nowhere, countless fraudulent ecosystems run on it.
But Ethereum seems to be getting Spot ETF interest from institutions? they're not stupid and my only guess is they want majority control (consensus) over a network in the future and you cannot do this on Bitcoin.
Just as Bitcoin looked bumpy in 2013 yet consolidated into a flawless model today, could it happen to Ethereum? possibly.
Some of these patterns would indicate an Ethereum price north of $10,000 in 2024
I thought the major trend line would break but it has not neither has the ETH/BTC pair.
Even though Ethereum is heavily centralized it looks like institutions want to turn it into a fintech company, but the chance Ethereum survives it will not look anything like it does today in the future.
Blackrock taking majority ownership of Ethereum and running stable coins? something not out of question.
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