FTX CEO Sam Bankman-Fried is giving his thoughts on what could happen when Ethereum (ETH) completes its highly anticipated merge to proof-of-stake (PoS).
In an interview with CNBC, the crypto billionaire says that while in the long term the merge will be beneficial for Ethereum, it’s not unreasonable to expect some turbulence when it first occurs.
“I think long term it’s probably going to exciting for the Ethereum community. I think it’s going to allow substantially faster and cheaper processing and transactions…
I do think that it’s going to be – as all big transitions are – a little bit rocky at the beginning. I think there’s going to be some messy activity around when it happens. I think that’s sort of inevitable, both long