Billionaire investor Arthur Hayes spoke on a podcast about his excitement for the Ethereum (ETH) upgrade. Stating that he is not afraid of FED statements, Hayes expects a good rise for the end of the year.
Former CEO of cryptocurrency exchange Bitmex Arthur Hayes recently participated in a podcast broadcast. In this hour-long post, Hayes gave his positive thoughts about the upcoming Ethereum Merge update. Ethereum contract at $3,000 He said he got it.
Referred by the podcast host “Why are you so focused on Ethereum right now?Answering the question in detail, Hayes mentioned that the Merge update has not been priced yet.
Many people, myself included, still do not believe that the update will go smoothly because no one can say with a 100% guarantee that a Proof-of-Work (PoS) system can be migrated without any errors. People are looking for clearer signs. It’s more of a “show me the PoS. Show me that decentralized applications work as well as before” is a demand. Therefore, until all this happens perfectly, Merge’s may not happen It might be reasonable to assume.
Stating that there is no need for extra attention or news for the Ethereum price to rise, billionaire Hayes said after the big update. change in the supply-demand balance that it will be enough for prices to rise.
However, there is no need to experience an extra demand for the price of Ether to increase. After Merge, there will be no transaction fee usage as before. But the demand for dApps (decentralized apps) will continue to be the same.
So while supply decreases, demand will remain constant and I think that’s enough for the price to rise!
20% of the FED Stating that even the interest rate hike will not have an effect, Hayes believes that even keeping the interest in Ethereum as it is can change many things. The investor, who bought an Ethereum contract for the end of the year at a price of $ 3,000, argues that the existing Ethereum supply will be insufficient to meet the demand.