The Bitcoin Layer27 Aug 2024

The Slow & Painful Death of Ethereum

In this video, Joe gives an update on the slow and painful death of Ethereum. He walks through the ETH/BTC pair dropping below the critical 0.05 level, and explains that the downside target is zero over the next several years. With the narratives of ETH all dried up, it and other "crypto" are dying on the vine. The cherry on top is a $100-million sale of ETH from the Ethereum Foundation, a vote from the creators themselves that this is an asset on life support with a value prop that has been completely overtaken by Bitcoin.

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