Former CEO of BitMEX bitcoin exchange Arthur Hayes in an interview bankless allowed the rise of Ethereum quotes to the level of $3,000 after the transition of the main network of the second largest cryptocurrency by capitalization to the Proof-of-Stake (PoS) consensus algorithm.
In his opinion, the reduction in the number of ETH will be a powerful impetus for the growth of the asset price. Hayes called the development of the DeFi segment another factor in the increase in demand for Ethereum.
He believes that the activation of The Merge update would have been a great stimulus for the growth of the second largest cryptocurrency by capitalization, if not for the collapse of Terra and the bankruptcy of Three Arrows Capital a few weeks before the announcement.
Recall that the developers of Ethereum planned the migration of the main network to PoS around September 15th.
On September 6, they activated the Bellatrix update. The upgrade is the last step before The Merge.
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Former CEO of BitMEX bitcoin exchange Arthur Hayes in an interview bankless allowed the rise of Ethereum quotes to the level of $3,000 after the transition of the main network of the second largest cryptocurrency by capitalization to the Proof-of-Stake (PoS) consensus algorithm.
In his opinion, the reduction in the number of ETH will be a powerful impetus for the growth of the asset price. Hayes called the development of the DeFi segment another factor in the increase in demand for Ethereum.
He believes that the activation of The Merge update would have been a great stimulus for the growth of the second largest cryptocurrency by capitalization, if not for the collapse of Terra and the bankruptcy of Three Arrows Capital a few weeks before the announcement.
Recall that the developers of Ethereum planned the migration of the main network to PoS around September 15th.
On September 6, they activated the Bellatrix update. The upgrade is the last step before The Merge.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
