The former Goldman Sachs executive says in a new interview with Money Talks that ETH’s deflationary token burns present a “massive supply shock” to the crypto asset.
He also predicts a massive demand shock for Ethereum.
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“A lot of institutions wrongly didn’t like Bitcoin because of ESG [environmental, social and governance] concerns. Proof of stake gets rid of that. Additionally, [ETH] now has a yield, so that’s something that institutions love…
So now you need [to] make one asset allocation decision, which is, ‘I believe in this Web 3.0 technology world.’
So where do you allocate? Bitcoin or ETH?