No, ethereum isn't like the other chains.
Ethereum is profitable.
Over the past 18 months Ethereum generationed almost $1 billion in earnings.
These earnings were distributed in a permanent token buy-back program called "the burn".
This puts Ethereum in the top 20 entities globally in terms of buyback yield at .23%.
Ethereum is only 9 years old.
ETH should be over $10k based on this alone.
This happened so fast the world has no idea. A bunch of TradFi analysts still think crypto is just a meme.
Because some people think that $10 million for the price of one bitcoin is ludicrous...
It's time for a thread.
$100 million for the price of one #Bitcoin is a MASSIVELY conservative estimate.
Here's how:
BYBIT RESEARCH: "With only 2 million #BTC left, if we assume a daily inflow of $500 million to Bitcoin Spot ETFs, the equivalent of around 7,142 bitcoins will leave exchange reserves daily, suggesting that it will only take nine months to consume all of the remaining reserves."