.BernsteinBuzz expects strong institutional adoption of ether (ETH) following ethereum's Merge, given its leading market share, market cap, and liquidity, willcanny99 reports.
Following the transition, graphics processing unit mining networks are redundant and will likely be used on Ethereum forks, Ethereum Classic or the gaming industry, Bernstein said.
The successful Merge is the result of years of planning and is a major milestone in the Foundation’s roadmap for “developing Ethereum into the world’s largest decentralized super-computing network,” analysts Gautam Chhugani and Manas Agrawal wrote. From an investment perspective, Ethereum’s token emissions will be reduced by around 90%, the network's energy use will be cut by about 99%, and holders of ETH can now earn a staking yield, the note said.
The new economic model following the Merge, combined with the token burn, may lead to “negative token emissions” during times of high demand. This sets a ceiling on total ether supply, and brings “digital scarcity,” the note added.
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