Former BitMEX CEO Arthur Hayes has written a great analytical article about why he believes that Ethereum will trade above $10,000 already this year.
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Let's list his arguments in favor of such a scenario:
At some point this year, according to the Ethereum Foundation, the ETH 2.0 and 1.0 chains will merge.
Justin Drake, an ETH researcher, predicts that after the merger, the stake holders may see an annual rate of about 8-11.5%. In the case of a 5-year local currency ETH bond, if we assume an annual yield of 11.50%, the price of ETH/USD should decrease by 29.35% before the investor loses money in dollar terms after 5 years.
Although the market capitalization of ETH is several orders of magnitude higher than that of its competing chains, it is still cheap in terms of the financial valuation of the network. If we divide the capitalization of blockchains by their TVL, then ETH is probably the least expensive L1
EthEthereum has about 4,000 developers, which is three times more than Polkadot with the second largest cohort."
Did everyone buy ETH in their portfolio?)
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