Ethereum is rising in value. At the time of writing, the coin is trading at $1.6k. One of the reasons, according to experts, is related to the upcoming merge, the process of switching the network from the Proof-of-Work to Proof-of-Stake mechanism. The event is scheduled for September, but the developers and Ethereum co-founder Vitalik Buterin do not stop talking about what will change after the migration.
Vitalik recently shared his views on the future of Ethereum at the Ethereum Community Conference. Usually, when mentioning the merge, the CEO of the project talks about an increased focus on security, stability, and decentralization, but this time his vision went beyond the usual. Here’s what he said:
“At some point, the rate of change for the protocol is going to have to slow down. And then Ethereum will look somewhat more like a system that optimizes for safety and predictability, and less an ecosystem that optimizes for impressing and dazzling people,” he said.
After Buterin’s statements about Ethereum’s bright future, there is a feeling that the project has good prospects. Of course, this is excellent news for those who invest in Ethereum, and it would seem that many will blindly pour all their savings into it and wait for a miracle. But without a competent analysis, it is still impossible to make a good profit, that’s why investors develop their own strategies. Let’s get acquainted with one of them.
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This story, or rather the strategy, belongs to crypto investor Isaiah McCall. According to him, he sold most of his Ethereum savings and still holds only a little bit. Now he feels he understands the value of an asset. Let’s check what he came up with.
“For now, this means I’m going to sit on my cash and wait for a fair buying opportunity. I’m not sure if $20k was the bottom for Bitcoin or if $1k was the bottom for Ethereum, but for now, I’ll sit on my hands and wait,” he said.
“Bitcoin is digital gold, and I want more of it. That’s why going forward, I’m balancing my crypto portfolio 64/40 in favor of Bitcoin,” told the author.
“Bitcoin and Ethereum’s networks were parabolic up until the 2018 crash and once again. This doesn’t mean the technology isn’t valuable; it just means we’re in a valley of disillusionment at the moment,” he says.
So, we’re waiting for takeoff, guys? Haha.
So, he plans to hodl. Right now, mainly in fiat assets, but it’s just his strategy to get more in the future. And what about yours?
You can read full Isaiah’s article on Medium.
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