EthereumPembelian
Bear Markets are for Building?
Diupdate
Friends, fundamentally things could not be looking any better for Ethereum.
The good news goes on & on - as I have not even gone over ZK Rollups, Scaling, Sharding etc.
Scarcity + Demand = Prices Rising
So what does all this mean fundamentally? Due to the burning mechanism in the protocol - with heavier adoption their is more burn. More burn means more scarcity. Inflation increases supply, this protocol decreases the supply through swaps. With central banks and 9 TRILLION moved on chain from USDC alone (not even accounting for DAI, USDT, or BUSD - the Binance stable coin is a also an ERC-20 token) adoption is rising We will see more stable coins continuing to increase adoption resulting in more eth burning.
When it comes to price:
Deflation>Inflation
Adoption is growing on this network. There is real value, there is real TVL.
Since the merge...
-->BTC Supply GREW by 110 BTC (2.5B)
--> ETH Supply SHRUNK by 2,830 ETH (4.5M)
Bitcoin/Ethereum Commentary
If you have made it to this point, please let me know your thoughts!
If I am missing a key piece of information, or you find something shared as inaccurate, please point it out so the whole TradingView community can benefit from it.
Citation
1 - https://www.bloomberg.com/news/articles/2021-06-23/bank-of-israel-to-use-ethereum-tech-for-digital-shekel-globes
2 -https://www.rba.gov.au/media-releases/2021/mr-21-30.html
3 - https://www.centralbanking.com/fintech/cbdc/7953265/israel-norway-and-sweden-to-link-cbdcs-in-bis-project
4 - https://www.investing.com/news/cryptocurrency-news/circles-usdc-reserve-fund-hits-434-billion-blackrock-now-manages-30-of-the-fund-2976260
5 - https://www.circle.com/en/euro-coin
6 - https://uniswap.org/blog/uniswap-circle-foreign-exchange-defi
7 - https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain
8 - https://www.tradingview.com/news/cryptonews:0ea416106094b:0-ethereum-will-soon-have-100-million-addresses-with-non-zero-balance-what-this-milestone-means-for-eth-price/
9 - https://www.bloomberg.com/news/articles/2022-05-17/china-makes-a-comeback-in-bitcoin-mining-despite-government-ban
10 - https://ultrasound.money/
- Multiple Central Banks are now building on Ethereum infrastructure. (1)(2)(3)
- Treasury Tokenization thanks to Blackrock (will increase TVL) (4)
- Circle launching a Euro Stable Coin - which will increase adoption. (5)
- Additional stable coins to follow!
- Uniswap entering the FX market, slashing costs by a projected 80%! (6)
- European Investment Bank (EIB) launches successful digital bond on Ethereum Blockchain (7)
- Ethereum crossing over 100 million unique wallets (8)
- Ethereum has more developers working on it then any other chain, with 16% of all new entrants building on ETH
- Ethereum validators surged to 500,000! Shanghai upgrade is not even out yet.
- The ETH protocol is not censor resistant, so while there are many OFAC-compliant blocks- validators are not forced to comply.
- ETH is ESG Friendly, while Bloomberg warns Bitcoin is still being powered by China Coal (bad optics with energy prices in Europe recently) (9)
- ETH is deflationary (Bitcoin & the USD are INFLATIONARY) (10)
The good news goes on & on - as I have not even gone over ZK Rollups, Scaling, Sharding etc.
Scarcity + Demand = Prices Rising
So what does all this mean fundamentally? Due to the burning mechanism in the protocol - with heavier adoption their is more burn. More burn means more scarcity. Inflation increases supply, this protocol decreases the supply through swaps. With central banks and 9 TRILLION moved on chain from USDC alone (not even accounting for DAI, USDT, or BUSD - the Binance stable coin is a also an ERC-20 token) adoption is rising We will see more stable coins continuing to increase adoption resulting in more eth burning.
When it comes to price:
Deflation>Inflation
Adoption is growing on this network. There is real value, there is real TVL.
Since the merge...
-->BTC Supply GREW by 110 BTC (2.5B)
--> ETH Supply SHRUNK by 2,830 ETH (4.5M)
Bitcoin/Ethereum Commentary
- I have had angry direct messages in the past advising how Bitcoin is PROTECTION against inflation, how could it inflate if the supply is capped?
- Even with a capped supply that will be targeted in 140 years (generations) the BTC inflation rate is +1.716%/year.
- To make the situation graver - the miners create constant selling pressure powering the energy intensive network, coupled with physical hardware that has to be purchased & maintained. This equates to costs.
- To pay for costs, miners must sell bitcoin to keep the network safe - creating constant selling pressure.
If you have made it to this point, please let me know your thoughts!
If I am missing a key piece of information, or you find something shared as inaccurate, please point it out so the whole TradingView community can benefit from it.
Citation
1 - https://www.bloomberg.com/news/articles/2021-06-23/bank-of-israel-to-use-ethereum-tech-for-digital-shekel-globes
2 -https://www.rba.gov.au/media-releases/2021/mr-21-30.html
3 - https://www.centralbanking.com/fintech/cbdc/7953265/israel-norway-and-sweden-to-link-cbdcs-in-bis-project
4 - https://www.investing.com/news/cryptocurrency-news/circles-usdc-reserve-fund-hits-434-billion-blackrock-now-manages-30-of-the-fund-2976260
5 - https://www.circle.com/en/euro-coin
6 - https://uniswap.org/blog/uniswap-circle-foreign-exchange-defi
7 - https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain
8 - https://www.tradingview.com/news/cryptonews:0ea416106094b:0-ethereum-will-soon-have-100-million-addresses-with-non-zero-balance-what-this-milestone-means-for-eth-price/
9 - https://www.bloomberg.com/news/articles/2022-05-17/china-makes-a-comeback-in-bitcoin-mining-despite-government-ban
10 - https://ultrasound.money/
Catatan
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.