The host of the popular Coin Bureau YouTube channel is optimistic that the conversion of Ethereum (ETH) to a proof-of-stake consensus mechanism will have a positive effect on the price of the second largest crypto asset by market cap.
pseudonymous host says They have 2.12 million YouTube subscribers that the impact of the merger will be felt long after other upcoming Ethereum upgrades such as Surge, The Verge, Purge and Splurge are successfully rolled out.
“Now of course it [the merge] There was a news-sales event and some were disappointed about the lack of fireworks that day. But it was always expected.
Scalping gains will not come until the boom. Then we still have the brilliance, the pure and the nimble, to look ahead.
But at this point in time, projected monetary changes are having an impact on ETH supply, emissions have dropped significantly and inflation is now modest.
Now that its impact will not be felt in the short term, it is something that is likely to last for a long time. It is a compelling investment based on this point alone.”
However, the Coin Bureau host says that a large number of entities holding a small number of Ethereum after the merge is a major concern.
“All this being said now, centralization is a concern. A situation where the top five betting entities control two-thirds of the ETH staked is not a good place to be.
And this is even more so when you consider the fact that many of these validators are located in the United States. Whether they can be forced to follow the orders of that person is an important question.”
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