Bankless Is The Merge Priced In? with Hal Press & Ryan Berckmans
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Aug 17, 2022 Hal Press, the head of North Rock Digital and an advocate for the Ethereum merge, teams up with Ryan Berckmans, an enthusiastic Ethereum bull and developer. Together, they dive into the upcoming merge's market implications, predicting significant supply changes. Hal highlights the macroeconomic risks, while Ryan remains optimistic about Ethereum's future trajectory. They debate Ethereum's transition to proof-of-stake and the potential for it to outpace Bitcoin, exploring investment strategies and the evolving landscape of the crypto market.
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Macro vs. Merge
- Ryan Berckmans believes macro factors outweigh the Ethereum merge's short-term impact.
- He views Ether's price as dependent on ETH/BTC and BTC/USD ratios.
Catalyst Types
- Hal Press categorizes catalysts into fundamental, one-time flow, and structural flow.
- He argues the merge is a structural flow catalyst, making it difficult to fully price in.
Merge Trade Crowdedness
- The hosts discuss whether the "merge trade" is overcrowded.
- They consider internal and external market awareness, noting FUD might indicate less exposure.