WE HAVE GOT AN EXPONENTIAL ADOPTION

ETH is money, technology, and also a platform on which people are building a lot of different applications. So whether we talk about community tokens, NFT Defi, DAO, and so on, they are all going to be on ETH. Of course, Ethereum will not be the only chain, people will use Tron and Solana. It will be a multi-chain chain world in which there will be a few giants and a long tail of stuff and that's very normal. We have got an adoption that is kind of exponential, it's growing at least twice the rate of Bitcoin. Then, the EIP 1559 comes along and that reduces the supply, which is clearly bullish for the price. Then, you look at the onchain analytics, and everybody staking it because now it is a very clear run between now and ETH 2.0. So why would you not if you are a long-term holder? Everybody is staking it, so that is taking a ton of stuff off the exchange. There is a ton that has gone into just holding, tons that are locked up in holding, tons are locked up in Defi, tons that are locked in NFTs, and you are left with 11% of the entire supply. It is going down every day, and the demand is going exponential. The only outcome is an exponential price rise.

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You can be a 3 year and be given a box of names of cryptocurrencies and take out ten out, you will literally make 30 times your money over the next 20 years. There would be probably 50 tokens that will outperform Ethereum but they are riskier. I don't know what they are. When you look at Ethereum, it has all of the elements of the lowest risk, higher quality trade. It is a reward ecosystem with rewarding people in it. There is a social element to this movement as well and it is rewarding. It is a good space to hand out where you feel comfortable with the asset, you understand how many smart people are working on the network.

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So when you say there is a risk in 1559 getting done, I would say the risk is like minuscule. Ethereum 2.0 is minuscule because there are a lot of smart people working on it. So the probability is very high. Right now, the marginal change is more and more people locking up ETH. The rate of change of people locking up is still extremely high. What will happen is the rate of people staking will fall. The bull case is, there is a load of people who are just going to stake and just leave it there and that's good because that is the long-term health of the system. Nobody is in this for the quick buck but some people will end up ETH because they want to buy a house or do all the stuff that cost fiat money.