Goldman: Has Ethereum Become A Deflationary Asset? | Crypto Craft

  • Goldman: Has Ethereum Become A Deflationary Asset?

    From zerohedge.com

    After the flash crash drop last week on 'fake news' about Mt.Gox holdings moving, Ethereum has outperformed and erased all those losses (and above $1950) as banking sector chaos is enabling decentralized financial systems to showcase their transparency and resilience versus traditional markets.... chart Ethereum's relative performance to bitcoin has been volatile in recent weeks around the major Shapella upgrade, but once again ETH is outperforming BTC in recent days... chart One potential driver of ETH's regained popularity is its appeal as a deflationary asset, a topic Goldman's Crypto desk recently explained: ... (full story)

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GreyPool
May 6, 2023 8:16am
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It occurred to me after reading this article that if U.S. regulators ban DEXs, or make it illegal for citizens to use them, other nations will follow suit. Since Defi and DEXs account for about half of the activity on the ETH blockchain, the price of ETH will at least dip if this regulatory action were ever to be taken. Something to keep in mind.
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