4min chapter

Bankless cover image

Shanghai-Capella: ETH Staking Withdrawals with Tim Beiko, Justin Drake, and Anthony Sassano

Bankless

CHAPTER

The Bear Case for Ether in the Ethereum Price

Justin: I think it's pretty reasonable to assume that withdrawals will ultimately outpace deposits just because of the pent up to demand to withdraw. But at the same time, like all that's not going to be sold at once, right? There are going to be people that are not going to want to sell that ETH. They're just going to cover their taxes with other fear that they have, right? Not everyone's going to be at a 30% tax rate.Anthony Bourdain: The most bearish scenario is really just the tax selling for the consensus layer rewards.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode