ethereal summit mark cuban gID 4 cClXQS

Mark Cuban: Ethereum’s Price Growth Potential is ‘Uncapped’

Ethereum (ETH) is on the fast track to becoming a deflationary asset whose price ceiling is actually “uncapped,” argued billionaire investor Mark Cuban during a panel at Decrypt’s Ethereal Virtual Summit today.
Speaking with Decrypt’s editor-in-chief Daniel Roberts, Cuban pointed out that there’s over four million ETH currently locked (staked) in Ethereum 2.0—the multi-year initiative that aims to switch the Ethereum blockchain from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) model. As a result, ETH and other cryptocurrencies such as decentralized finance (DeFi) stablecoin DAI are “just staked there and it’s stuck there,” leading to the coins’ deflation.

“That effectively is deflation for Ethereum,” said Cuban. “Between DAI and ETH 2.0, and all the staking that happens to provide liquidity everywhere else, it wouldn’t shock me if we’re getting significant deflation, which is one of the reasons that ETH is skyrocketing so much. So that’s why I think ET

Czytaj więcej


Dodaj komentarz

Podobne Wpisy