Raoul my final question is uh has to with Ethereum EIP-1559
is launching in a day or two by the time this interview
airs it'll be launched what are your thoughts on eip1559
i just wrote an article about this and i called it the greatest trade in the
world please go on um so you're getting the
scoop in global macro investor my kind of
institutional research product this setup is absolutely brilliant
so the chart pattern was this lovely wedge
in ethereum the ethereum chart is following the bitcoin 2017
chart which would give it an upside projection of $20,000.
backed that up by the network growth where
ethereum is growing at about 50 to 60% 60% a year in network growth
and bitcoin's growing up 30% a year so this is astonishing
growth at scale right so this is not an early project
we've got all of the developments of nfts and defi and everything and social
tokens everything's on ethereum
the chance of bitcoin versus ethereum also is going to give a lot of people to
switch all of this is happening at exactly the
same time that 1559 is coming and then you look at
the on-chain analysis most people spend the time like willy
woo looking at the stuff on bitcoin but very few people actually
bother with the on-chain analysis of ethereum
the reality is is the amount that's being staked
for ether 2.0 is going up all the time it's huge numbers then the amount that's
being put into defy and locked away is huge
then the stuff that's going off the exchanges into hard
in into hard wallets is enormous that has left us with a free
float of 13
and 1559 is now going to reduce the supply somewhat let's say from 4 to
2 and it's going to probably lower the gas
fees a bit and with the variable block sizes help
with the speed and blocking of the network
so in which case more transactions will go through which will mean
more burning so you've got a massively reduced halving of the supply
rate probably maybe more you've got 13 of coins on exchange
coming off exchange like at a percent a month two percent a
month so you know another couple of months
will be 10 there's no coins and like nfts are just showing you
demand is exploding you're set up for an exponential move
here because everything has come together all
at one point in time and what tomorrow no thursday is the day
now does it mean that all happens in one go no don't be silly you know we'll have
corrections they'll be like by the rumor sell the facts see i told you it was
wrong all of that kind of noise but generally you look back by december
or march of next year i think what's going to happen as soon
as 1559 goes through everybody who's got a sizable stake will
realize that the price is going up more people will lock into 2.0 to get
the yield let's say 2.0 comes out in march you're
going to take all the supply off the market and with
record demand and they're all going to be locked until
march then probably what happens is 2.0 comes out
everybody unlocks and the great bullish thing
is actually a bearish thing exactly like coinbase was
when the moment coinbase came out bitcoin peaked
because people had another opportunity everyone's like this is great for the
space in the end uh you change the dynamics so
i think the unlock will will probably lower the price but
between now and that unlock oh my god this is one of
the best setups i've ever seen i think arguably better than bitcoin in
march 2020. i have it here first yes
awesome perspective on ethereum to watch the full conversation hear
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