The EIP1559 upgrade in July will turn ETH into a deflationary asset while bitcoin will continue to become inflationary.
So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
How did bitcoin became inflationary? first time to hear from someone that it is inflationary but the reality of it having a limited supply and making its mining more difficult from time to time makes it scarce and deflationary.
ETH turning to POS has already been anticipated by many and that's going to change its ecosystem and many would want to hold it as it turns into a staking coin.