We should be able to see 30,000 ether in the next five years
Reason 1: The Federal Reserve has cut interest rates. Since 2022, the Federal Reserve has raised interest rates to an ultra-high interest rate of 5.5%. Although it has suppressed inflation, it has seriously damaged the U.S. economy, and the high interest rates have also prevented the Federal Reserve from maintaining such high interest rates for long. , it is expected that significant interest rate cuts will begin in the second half of 2024, and a flood of US dollars will flood into the capital market. As global high-quality assets, Bitcoin and Ethereum will definitely rise.
Reason 2: Ethereum is deflationary. Since Berlin upgraded Ethereum and began to burn part of the handling fees, the inflation of Ethereum has been greatly reduced. Then in the Shanghai upgrade in 2022, Ethereum was merged into POS, which greatly reduced the inflation rate and brought Ethereum into the deflationary era in one fell swoop. Think about the halving of Bitcoin’s inflation every four years, which has already brought such a huge upward momentum. Then in the new bull market, Ether will enter the bull market with a jump from inflation directly to deflation. The increase will be unlimited!
Reason 3: Ethereum spot ETF. Since the Bitcoin spot ETF is about to be approved in the United States in January 2024, the next 2024 will be the expected period of speculation for the Ethereum spot ETF, which will definitely bring about a big rise.
Reason 4: Cancun upgrade, Ethereum’s upcoming upgrade in 2024, will reduce the second-layer handling fee by 80% and increase Ethereum’s tps from 15 transactions per second to about 350 transactions per second. The substantial improvement in performance will surely spawn a large number of new killer dapps, bring more new users to Ethereum, and increase the value of the Ethereum network!
The above are four important reasons why I am optimistic about the future bull market and the rise of Ethereum.
