hey welcome back everybody to altcoin daily where you subscribe for daily videos on everything going
on in cryptocurrency news opinion perspective smash the like button if you're an ethereum holder
if you're bullish on ethereum let us know in the comments i'll be looking at the comments
i'll be responding to the comments 99.99 of the world doesn't know what i'm about
to share with you in today's video this video is all about ethereum and the value prop the
bull case of ethereum in 2022 and beyond of course nothing on this channel is ever financial advice
take this information do your own research that being said let's jump into it and first
i want to point this out to you because this is important to note bitcoin on exchanges continues
to be drained people continue to buy bitcoin in ways like we've never seen before the last time
that the bitcoin balance on exchanges was this low was 1229 days ago or three and one third years ago
bitcoin is being drained bitcoin is a market mover this is great for all of cryptocurrency
something that you might not be aware of ethereum is getting drained from exchanges as well
people are buying ethereum ethereum outflows from exchanges hits 2022 peak as heat prices
surge well they're not really surging but they are grinding up large outflows from exchanges
are still considered a signal the traders aren't looking to sell a potential bullish sign
for ethereum ethereum is grinding higher it is breaching resistance it is targeting higher highs
ethereum appears to be gaining momentum is the key for a significant price movement and we can see
the price action right here ethereum today still under 3 000 allow me to explain the value prop of
ethereum in 2022 and why i am so bullish this all started when ethereum began its transition
to eth 2.0 with the beacon chain in 2020 then we had eip 1559 changing the tokenomics in june the
merge will happen ethereum will fully become proof of stake ethereum will even go deflationary let me
explain to you what this means understand where we've come from there has been a net reduction
of about 70 percent in ethereum issued since eip 1559 went live this is great for tokenomics this
is great for supply being taken off the market especially with more demand understand just
with eip1559 that equates to about 2 million eth burnt since this went live in june just a
few months the merge will reduce eth issuance by another 90 percent and eth will go deflationary
this is what it's all about let me explain to you why this will happen and what this will do
tldr this will be the most bullish catalyst in the history of ethereum again understand what eip 1559
did for eth it made it so as eath gets used more more eath is burnt when eath goes through the
merge when eath becomes fully proof of steak watch what will happen particularly with eath issuance
right now eath is issuing 5.4 million new eats per year if we simulate the merge this drops down to
just 0.5 million a drastic reduction here is what ethereum's merge means in a nutshell 90 percent
each issuance reduction 99.9 network operating cost reduction 50 to 100 staking yield increase
significantly lower execution risk it will make bitcoins having look like a fart in the wind
send it according to this eth bull's opinion for price appreciation on ethereum understand why this
is such a big deal only a couple more months until eth goes through what many are calling the triple
happening and becomes deflationary all while people staking eath will be earning 10 to 15
back and ethereum staked won't be unlocked until about six months after the merge this year 2022
may be the biggest in the 20s for ethereum huge understand the significance of ethereum possibly
coming deflationary these are the recent inflation numbers the world is becoming inflationary eath
will soon be deflationary and 99 percent of the world doesn't know that in three months this will
happen for ethereum so what exactly does this mean we'll take a look at each history since its
inception to where we are right now projecting out into the future in eth's first four or five years
this supply coming onto the market and the tokenomics honestly weren't that good and they
changed very often cut to the beacon chain launch which happened in 2020 the beginning of eath 2.0
you remember eip 1559 in 2021 changing the tokenomics for the better will coming up
very soon in just a few months ethereum transitions to proof of stake now when ethereum
implemented eip1559 you can see what this did for the issuance of eth onto the market
once ethereum becomes fully proof of stake this is what we mean when the issuance of new eth becomes
deflationary the more people who choose to use ethereum the better for price appreciation it
will be the only question is do you think people will continue to use ethereum in increasing ways
this is defy users last year this is countries by population size how could you not see the
growth ahead for ethereum well what about the scaling issues my friends 2022 2023 will be
the years for eth layer 2 solutions we have things like stark net stark nash you probably
haven't heard that much about it stark net will bring hyper scalability to ethereum not
to mention the other l2 solutions meters arbitrage optimism not to mention the side chains polygon
there's so much going on for each l2 but are we even still in a bull market what if
the prices will just continue to go down well of course nobody knows the future but i liked
this perspective from eath bull anthony sassel the path to new bull markets is always paved by
ethereum icos in 2017 brought tons of people in d5 summer slash beacon chain launch in 2020
brought tons of people in nfts in the ip 1559 in 2021 brought tons of people in
now in 2022 the merger and layer twos possibly bringing tons of people in let me know what you
think about this in the comments below do you think the merger is priced in for ethereum do
you think people are undervaluing ethereum at this moment in time in my opinion the ethereum
merge is not priced in it will turn eth into one of the few liquid assets offering positive real
yield few understand this now if you've been subscribed to our channel for many years
you know this about us that i wasn't always such an ethereum bull like i have been for the past
few years but ever since 2020 and understanding what's going on with ethereum and seeing how it's
changing in my opinion for the better i became a huge ethereum bull and that's played out nicely
and those of us who have been in eath for a while a while's relative one two three years we might be
in the grand position of never having to sell our initial ethereum principle investment
ever if staking income post merge and withdrawal pans out meaning what if we can just keep our
principles staked and just keep skimming off the top and just keep that eth huddle position it's
something to think about but what about the other l1s what about the eth competitors before we get
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use the link in the description check it out now what about the other l1s what about the eth
competitors well i'm bullish on crypto i'm bullish on the other eth competitors the quality ones
i believe there's room for many people offering value but that doesn't take away from my personal
bold thesis for ethereum the l1 network with the highest aggregated demand for transactions will
be the one with the scarcest token few really understand this there's nothing even remotely
close to ethereum eth will be scarce not to mention the unbelievably good press that ethereum
seems to consistently get i'm sure you saw the prince of crypto time magazine did a write-up on
vitalik and ethereum and this is a continuation of what we've seen for a few years now great to see
beyond that the eighth community the people working on eath involved in eth
generally have good attitudes people like them not for nothing what really stands out to me about the
ethereum ecosystem is how kind and good-hearted the most prominent builders are rarely do i come
across someone in an influential role who is an [ __ ] which is very different from many
industries and even some other cryptos but particularly very different from traditional
finance maybe this is a small thing to many people but not for nothing i think this is true
so let me know in the comments do you think my bold thesis for ethereum holds water
this is honestly what i'm betting on with ethereum and i guess finally let's do a little imagination
exercise so tell you what unless you're driving unless you're operating heavy machinery do me a
favor close your eyes and imagine this it's late summer 2022. we've got a tan the weather is warm
the ethereum switch to proof of stake goes smoothly everyone is panic buying eth to get
that juicy free yield eath supply shrinks and goes deflationary eth does a 40 run up in a single week
life is good yet of course anything can happen in crypto nobody knows the future we're all just
trying our best and if you want to get on this journey with us i encourage you to subscribe
to our channel if you got value in this video give it a like send it to a friend post it on
a wall that being said i'll see you tomorrow my friends i think it's going to be a great year