$10,000 ETHEREUM!? ETH as a Store of Value? (EIP 3368)
Ethereum's EIP-1559 is going to create a supply shock the likes of which we have never seen before on the Ethereum network! With current transaction fees, we could even see a deflationary ETH for the first time! Ethereum's EIP 1559 has received a heap of backlash from the mining community. Tensions have risen as some miners are even proposing a 51% attack on the network. As a result, there has been a new proposal (EIP-3368) that has the support of miners. Should EIP-3368 pass? Will the incoming supply shock be enough to launch ETH to $10k?
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