Fidelity says Ethereum’s evolution and maturation may now position it alongside Bitcoin as an investable monetary good.
. The upgrade’s benefits have been manifold: reducing Ethereum’s electricity consumption by 99%, dramatically reducing Ether’s inflation rate, and preparing the network for future scaling through ‘sharding.’
this as one of Bitcoin’s star qualities, as the protocol’s decentralization gives credibility to the scarcity of its underlying asset, making it the ultimate “monetary good.”During Wednesday’s interview, however, Fidelity remarked Ether may also be an emergent form of money – especially given its deflationary tokenomics after the merge.
That said, the analysts noted that Ether’s theoretically bullish new burning mechanism is yet to be reflected in its price. While supply has indeed gone down since the merge, demand for Ether is another story.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fidelity and WisdomTree spot Bitcoin ETF decision likely confirmed to be delayed: Bloomberg analystThe past week has observed a slew of ETF applications being evaluated by the Securities and Exchange Commission (SEC). While Ethereum Futures ETFs are
Leer más »
SEC continues bitcoin ETF delays, hitting Fidelity, VanEck & WisdomTreeThe SEC continued with a filing frenzy ahead of a government shutdown, delaying proposed spot bitcoin ETFs from WisdomTree and Fidelity.
Leer más »
Ethereum ETFs Saga: Former CFTC Officer Reveals Unexpected Effects of SEC LossCFTC veteran Mike Selig, one of most influential blockchain lawyers, is sure that Grayscale legal win is crucial for spot ETFs progress
Leer más »
VanEck to donate 10% of Ethereum Strategy ETF profits to core devsVanEck intends to donate 10% of its Ethereum Strategy exchange-traded fund to The Protocol Guild for at least 10 years.
Leer más »
FTX hacker's wallet stirs as Ethereum ETFs prepare for U.S. debutAmid the FTX hacker's wallet activity, worth $16.75M in ETH, and concerns, Ethereum ETFs' US launch could sway ETH's value while a US gov't shutdown threatens Bitcoin.
Leer más »
Bitwise announces Ethereum ETF’s launch on October 2Bitwise Asset Management updates the Bitcoin ETF application and adds Ethereum ETFs, while Invesco eyes Galaxy Ethereum ETF. Grayscale lawsuit could impact SEC's 2024 decision.
Leer más »