Real Vision CEO Raoul Pal says that Ethereum’s (ETH) transition to proof-of-stake will bring something “magical” to the top smart contract platform.
In a new interview on Real Vision Crypto, the macro guru says that investors will flock to Ethereum after it transitions because yield will be introduced to the protocol.
Pal notes this is particularly exciting for the crypto industry as ETH is slated to also see a supply shock due to mining being obsolete in a proof-of-stake consensus mechanism.
“Post merge, a few things happen. There are no miners to sell every day, that’s about six billion that just disappears from selling each month. Okay, so that’s a difference.
Then we’ve got the reduction in supply but that’s really driven by the