Crypto traders are already placing bets on Ethereums ‘Shanghai Hard Fork’

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Jeff Dorman, chief investment officer of digital asset management firm Arca: Most investors have heard of blockchain by now and want to somehow make money if blockchain is successful. Over the past five years, almost every investor has tried to find different ways to express this theme. But for the first time ever, we are coming out of a bear market with a real commodity market adjustment, which includes four areas: bitcoin, stablecoins, non-fungible tokens (NFTs), and decentralized finance (DeFi). If you want to express all of these areas of the blockchain with a single investment, that would be Ethereum. It wrapped up bitcoin, the largest stablecoin presence, the largest NFT presence, and the largest DeFi presence, he said, adding: In some ways, ETH is basically a crypto index now. Dorman said he wouldn’t worry about potential selling pressure from unlocking staked ETH after the upgrade: there could be pent-up demand to get liquidity from those who don’t have it. had for the past six months or so, but this will easily be replaced by people who didn’t bet the first time around because they needed the cash.

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