CNBC Analyst Brian Kelly Warns Upcoming Ethereum Merge Is More Dangerous Than Investors Appreciate
A few weeks prior to the launch of a major network upgrade, the CEO of digital currency investment firm BKCM weighs in on the outlook for Ethereum (ETH).
Due to ETH’s inflation mechanism, CNBC contributor Brian Kelly explains in a new episode of Fast Money that Ethereum investors may not receive as much from good deals as anticipated.
However, everyone has been purchasing Ethereum since they’re entering this combine, and you will now get a so-called yield.
Please note that this is not a yield. You are only receiving your inflation benefits back, so compensating for the currency’s inflation. It is not a true yield.”
Kelly anticipates that investor enthusiasm in advance of ETH’s mid-September switch from a proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism will inevitably result in a sell-off, but warns that confusion or outright failure could adversely affect Ethereum’s price as well as the project itself.
You might potentially encounter a technical issue. In addition, there are a lot of uncertainties over the future of the applications if Ethereum divides again.
Analyzing the economy in a broader context, the expert explores the association between cryptocurrencies and the technology stock market, while stressing the basic distinctions between Bitcoin (BTC) and Ethereum.