- After The Merge, base fee burns at current gas prices would be larger than the new staking rewards issuance, making the system deflationary and represent the peak in Ethereum supply.
- The inherent energy efficiency of the proof-of-stake consensus is appreciated by ESG activists in the digital asset space, favored in Europe, and has growing support in Washington.
- Once The Merge settles and the cleanup upgrade is live, the amount of staked ETH may double or triple and approach $100 billion in value.
- The discount to NAV of the Grayscale Ethereum Trust likely narrows if Grayscale is allowed to convert their Bitcoin Trust to an ETF.
For further details see:
Buy The Ethereum Merge Rumors: Supply Peak, Staking Revolution, Double-Wide Regulatory Moat