The host of the popular Coin Bureau YouTube channel is optimistic that the transition of Ethereum (ETH) to a proof of stake consensus mechanism will positively impact the price of the second-largest crypto asset by market cap.
The pseudonymous host tells his 2.12 million YouTube subscribers that the impact of the merge will be felt over the long-term after other upcoming Ethereum upgrades such as the surge, the verge, the purge, and the splurge are successfully rolled out.
“Now of course this [the merge] was a sell-the-news event and some have been disappointed about the lack of fireworks on the day. But this was always to be expected.
Scaling benefits will not come until the surge. Then we have the verge, purge and splurge still