“Net annual buy pressure” doesn’t make the point.

In a halving event, $BTC miner sell pressure drops 50%. It causes all hell to break loose. What will this look like for $ETH? https://twitter.com/drakefjustin/status/1383325832467214337">https://twitter.com/drakefjus...

Post-merge, $ETH sell pressure will drop 90%. For $BTC sell pressure to reduce this much, it takes 3 halving events. I’ll repeat:

ETH will undergo the equivalent of 3 halving events in the next 12 months.

Illiquidity breeds volatility, and more illiquidity breeds more volatility. Post-merge, expect $ETH to have 3 halving events of volatility in 1 cycle.

However, $ETH also has an organic, accelerating #DeFi and NFT economy that $BTC has never had.

The narrative, the hype-ability, is infinitely higher. ETH can claim the BTC narrative but “ultra-sound” while also claiming NFT’s, DeFi, etc.

This much is obvious. If you have a price target, you’re being naive.

We are about to see 3 halvings of supply reduction in the face of INCREASING demand for an asset that has reached critical mass (90+% developers, rising transactions, rising TVL, NFT adoption, DeFi adoption)

And then the ETF gets approved.

Accelerating ETH demand is forced to buy into 3 halvings worth of a supply shock.

Buckle up.