Crypto’s Wealthiest Billionaire Warns Aftermath of Ethereum (ETH) Merge Will Likely Disappoint on One Front

Crypto’s Wealthiest Billionaire Warns Aftermath of Ethereum (ETH) Merge Will Likely Disappoint on One Front


The chief executive of the world’s largest crypto exchange platform by volume is warning investors that Ethereum’s (ETH) transition to proof-of-stake will likely dash their expectations in one way.

In a new interview with CNBC, Binance CEO Changpeng Zhao says that traders expecting the merge to have an immediate impact on the ETH ecosystem will be disappointed, especially if they believe drastically lower gas fees will be instantly implemented.

“Many people have very high short-term expectations for the merge, they think [that] Ethereum gas fees will drop from $10 per transaction to $0.02 overnight. That’s most likely not going to happen. It’s a long process.

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The Ethereum upgrade takes multiple stages over multiple months or years, but it is a very good development though,

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