ETH post 1559 "halving" - extreme bull case
Today we had a successful launch of EIP-1559 with fee-burn tokenomics. Looking at the early stages of fee burn rates, the net issuance of ETH has approximately halved from around 500 ETH/hr to 250 ETH/hr - the effect is like a halving for BTC - although the exact rates may change over time. In the past we have seen big bull markets for BTC in the period following its halving events, logically because of reduced sell pressure from miners. I believe that the same can happen for ETH - particularly in conjunction with EIP-3675 (PoS merge), a new ETHBTC ATH and market cap flippening (just above ATH ratio), the price can accelerate at that time, maybe even towards 0.5 BTC: which could put ETH as high as 50k - 100k. The idea corresponds to not unreasonable fib extensions on the ETHUSD chart at 
49K and 78k. Timing, I believe, as early as Q1 2022, likely after BTC peak (2017 ETH peak was 1 month after BTC peak). At 78k ETH would be a 9tn asset. This sounds crazy, but I think crypto mcap can reach $20 - 30tn this cycle, so it is in line with that if ETH dominance rises as high as 30%.
I am long ETHBULL tokens for a multi-month hold. If this idea materialises, the returns will be immense.
This is the extreme bull view, but worth considering. The conservative view would be around 10k which we must also have in a trade plan.
Just an Idea, Not Financial Advice.
49K and 78k. Timing, I believe, as early as Q1 2022, likely after BTC peak (2017 ETH peak was 1 month after BTC peak). At 78k ETH would be a 9tn asset. This sounds crazy, but I think crypto mcap can reach $20 - 30tn this cycle, so it is in line with that if ETH dominance rises as high as 30%.I am long ETHBULL tokens for a multi-month hold. If this idea materialises, the returns will be immense.
This is the extreme bull view, but worth considering. The conservative view would be around 10k which we must also have in a trade plan.
Just an Idea, Not Financial Advice.
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