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“Here’s Why Ethereum Is About To EXPLODE” Vitalik Buterin Crypto Prediction
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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 itβs a narrative that will inevitably bring capital flows to Etheruem as well.
Thirdly, in Vitalikβs most recent interview he believes by the end of 2023 Ethereum is going to be essentially finished with roll-ups and layer 2βs 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
#ethereum #crypto #investing
16 Comments
I really appreciate the update we are getting from you on crypto. For me this is the best time to invest as the market is low
2.0 gas fees still hoigh as hell
ETH stopped two day ago for 3 minuts and thy dont know Y
Mrs Sonia the bitcoin trader is legit and her method works like magic I keep on earning every single week with her new strategy
π₯.l've been quite unsure about investing in
this current market and at the same time I feel it's
the best time to get started on the market. i was
at a seminar and the host spoke about making
over $972,000 within 3 Months witha capital of
$200,000. i need to know how to go about it. i will
really appreciate any tips or helpful guide.ππ
Eth will hit 600 $ ππ
Still scamming? You guys never stop
ETH must get permission from BTC before it can do anything. Were looking probably a couple of years from now before BTC does anything.
Great content Even with the current dip in crypto currencyβs, Iβm still glad I can smile π back at my portfolio of $102,800 built from my weekly trade, Iβm having my fourth withdrawal in 10 business days
Crypto currency and NFTs will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment….
GUUUUUUUYS there is a huge glitch on the Bybit official DEX
When you exchange Bitcoin to Ethereum it sends 10x
I posted a video
Are you Norwegian?
ETH is junk
Thank you Jamie for VB
<π I really appreciate your clear and simple breakdown on financial pitfalls ! I lost so much money on crypto market but now making around $5k $7k every week trading different cryptos and stocks
I'm sure all the people that bought ETH in 2021 and are now over 60% down will be very excited to hear that ETH is "about to explode".
If it does, will it stay up, or will it just be a pump and dump and what will cause the "explosion"? Will it be new buyers and if yes then where will that money come from?