Shark Tank star Mark Cuban recently aired his thoughts on Ethereum’s upcoming “Merge” upgrade. He pointed out how Ethereum’s utility as a smart contract platform and as a deflationary asset are at odds. In an interview with Altcoin Daily on Sunday, Cuban explained that there is an inverse relationship between deflation and utilization of Ethereum. “If utilization goes up, and the value of a token goes up, then the cost to do something goes up,” he explained. “So you have…
Tag: Bitcoin Bottom
Crypto Winter 2022: When Will Bitcoin Bottom?
During the November rally, crypto exchange CEOs and price analysts were confident that Bitcoin would soon reach $100,000. It didn’t come close. Today, it trades for under $23,000 – 67% down from its all-time high. Fear is in the air. Crypto companies are failing left and right. Theories of an extended “supercycle” bull market have expired and been replaced by acceptance of the “crypto winter.” The only question that remains is: when will it end? Read below to learn what…
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