That is a lot of belief in the ETH 2.0 network… You have to remember when you lock your Ethereum up in the staking contract, that’s a one-way trip. The 46-year-old CEO didnt waver in his belief as he built up his crypto exchange. “Ethereum 2.0 approaching six million staked Ethereum. That’s a big deal.”įinally, Davis notes that nearly six million Ethereum has been staked on the Ethereum 2.0 deposit contract, meaning that a huge chunk of the ETH supply is locked up. If the SEC were to approve just one or two Ethereum ETFs this year, that would immediately mean that all these traditional investors and all these big funds who are just never going to buy Bitcoin and Ethereum off the open market are now going to have the ability to easily put a BTC ETF or ETH ETF into their retirement accounts. could unleash a wave of incredible liquidity into these markets.
“We do have a new Ethereum ETF application that has come out. Securities and Exchange Commission (SEC). But Twitter is using Ethereum.”Īnother catalyst that may spark a serious Ethereum run, says Davis, is the approval of an Ethereum exchange-traded fund (ETF) by the U.S. So in spite of all of the rhetoric from Jack Dorsey about Bitcoin being the best thing in the universe, here is the reality: Twitter still has not bought Bitcoin for their company reserves.
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Twitter has given away 140 free NFTs… What this indicates is Twitter is using Ethereum. The CEO of Binance, the worlds largest crypto exchange by trading volume, recently talked about when. Twitter CEO Jack Dorsey, famous hardcore Bitcoin maximalist using Ethereum. The CEO of Binance, the worlds largest crypto exchange by trading volume, recently talked about when we can expect to see Bitcoin get back to its all-time high (ATH) of 69,000 (which was reached on 10 November 2021). The analyst also points out that Twitter is now using the Ethereum network to mint NFTs, even though the company’s CEO Jack Dorsey has long been known as a Bitcoin maximalist. “With Ethereum, there’s just so much more you can be doing, right? You can be doing decentralized finance (DeFi), buying non-fungible tokens (NFTs), or sending stablecoins or whatever else you might want to do on Ethereum.” Davis says the surging on-chain activity can be attributed to Ethereum having a large number of use cases relative to other crypto assets.
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