Arthur Hayes recently wrote an article about Ethereum & DeFi.
In one segment of the article, he wrote about the potential value of ETH if it captured certain percentages of the earnings of the biggest banks and audit firms.
The numbers are staggering. Let's take a look.
Link to article: https://cryptohayes.medium.com/yes-i-read-the-whitepaper-59cfa2ea9c2c
▶️ 3Speak
Didn't know Arthur Hayes was a billionaire... crazy.
And I don't think that the relationship between defi earnings and ETH price necessarily holds long term.
You think the value is captured within the Dapps, rather than ETH? Or you don't think much value is captured at all?
I think both dapps and ETH capture value, and both capture LOTS of value.
All I'm saying is that the realtionship might not be linear. The revenues could increase 10X and the price 100X. Who says it has to be proportional.
It could also be cheaper, hard to figure out.
maybe I'm obsessed with CARDANO, but I could bet this cryptocurrency could give us a big surprise, I don't have much ETH in my wallet, I'm a patient man, so my bet will be the same CARDANO
Best of luck to you with your ADA sir :)
Could...and Holly would if she could
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I'm betting big on Ethereum, but until these phases end with 2.0 I won't be selling. It may be a million dollars per eth but the fees and the amount of transactions by that point will be dramatically high... Imagine fee costs upwards of tens of thousands of dollars. Hell no, not worth it even if I did make hundreds of thousands. I'd rather hold and wait for cheaper fees.
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