Home Finance News Ethereum (ETH) Network does not Mint Money out of Thin Air

Ethereum (ETH) Network does not Mint Money out of Thin Air

The Successful Upgrade of all Three Testnets to London, Ethereum 2.0 is a notable Milestone. However, Ethereum price trends are bearish.  The gains are getting reversed.  Support and resistance levels stay untested.  DApps and DeFi protocols keep happening, and all of them are hoping for a cheaper fee. There needs to be a game-changer for the platform to explode.

The popularity of Ethereum makes many believe that ETH will become a dominant store of value that is trustworthy for storing 100s trillions. News institutions that write positively about Ethereum are giving high projections and exposure.  When they relay negative news, they are not sure of what they are talking about. They keep triggering FUD 24 x7.

Developers from across the world are working to improve the network 24×7.  They are upgrading, iterating, forking, proposing different consensus models, and working round the clock.  The work is innovative, and you cannot be sure which system will work.  However, day in and out, investors are concerned about when to buy ETH, when to sell ETH, Bullish, Bearish, and more.

What is getting cooked with Ethereum is the best next-generation protocol.  Good things take time.

The top 10 holders of Ethereum in the Grayscale Ethereum Trust (ETH) are Rothschild Investment Corp, Emerald Mutual Fund Advisers Trust, Main Management ETF Advisors LLC, Scholtz & Co. LLC, Hellman, Jordan Management Co. Inc., Edge Wealth Management LLC, Kingfisher Capital LLC, Next Capital Management LLC, and Tradition Wealth Management LLC.

Rothschild Investment Corp has been offering 113 years of service to the investment community since 1908.  They have been offering investment services like wealth management, corporate and non-profit retirement plans.

Their clients are wealthy families, high-net-worth individuals, local entrepreneurs, family holding companies, foundations/endowments, retirement accounts, and multi-generational trust accounts. In addition, their clients have benefited from their ability to customize investment solutions to them specifically.

This just clarifies that money in the society after a certain threshold flows where advisors prompt their clients to invest.  Whether citing reasons of experience and deep level of expertise or integrity as professionals.

Common sense logic:  Wealth managers are here to stay.  Big money guys who outsource their money investment plans to wealth managers are here to stay.  High-risk and high net-worth individuals are here to stay.  This just means the projects and portfolios are supported by major investors, and the rich are here to stay.  They are not going to allow their money to work in the wrong places.

Ethereum Network is an innovative project where the programming task is not yet complete.  It is ongoing. They are continuing to work and develop.  The price anxiety and the FUD are just drama.  There is no money coming from Ether.  It is all hard work happening. It will pay off.

 

 

 

 

 

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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