CoinShares‘of chief strategy officer Meltem DemirorsIn an interview, he said he sees Ethereum Merge as a “buy rumor, news, sell” situation.
crypto industry, Ethereumu (ETH) a Proof of Stake(PoS) protocol is preparing for the upgrade to Merge, and this event is interpreted by some users as a rise in terms of Ethereum.
Demirors: Ethereum Merge Buy Rumor Sell News
Ethereum MergeSome market analysts believe that the network upgrade may not fully benefit the second-ranked Ethereum (ETH) by market cap.
Meltem Demirors, chief strategy officer of crypto asset management company CoinShares, described it as a ‘buy the rumor, sell the news’ event while suggesting in an interview that a macro environment such as high inflation could prevent new capital from entering Ethereum.
DemirorsIn his interview he said:
“There is a lot of enthusiasm within the crypto community and the Ethereum community around Ethereum Merge about this event, which will potentially increase demand while significantly reducing supply. One of the facts on the macro side is that people worry about rates and macro. There is so much going on right now.”
Moreover Demirorshe added:
“I don’t think there will be much new capital to buy Ethereum on these changing fundamentals and techniques. There are also some risks in the market that will have to be dealt with. So in my view, Ethereum Merge is buy a rumor, sell news.”
