Bankless The ETH Merge: BULL OR BEAR? David debates Jordi Alexander
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Sep 10, 2022 Jordi Alexander, CIO of Selene Capital and a renowned crypto analyst, squares off with David Hoffman in a gripping debate over the impacts of the upcoming Ethereum Merge. They tackle whether the hype surrounding the Merge is justified and discuss potential bullish or bearish outcomes. Topics include the misconceptions about staking yields, the impact of on-chain demand, and the future of Ethereum as either a single or multi-chain platform. The conversation culminates in contrasting predictions for Ether's price, reflecting the diverse sentiments of the crypto community.
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Triple Halving
- The "triple halving" of ETH issuance post-merge is the most bullish event in crypto history.
- It's not priced in because the market has never seen such magnitude.
Macro Impact
- The crypto community often underestimates the impact of macroeconomics on crypto prices.
- Current macro conditions, including tightening liquidity, are unfavorable for large supply events.
Narrative Play
- The ETH merge is primarily a narrative play, and that narrative is already priced in.
- Institutions seeking ETH yield and the "ultrasound money" meme are misplaced.