What do others here think of this speculation which seems incredible and unbelievable but who knows - do you think a $50K USD ETH top in this market cycle is crazy talk, or do you think it’s a wildly optimistic possibility with DeFi that’s going to be huge in 2021 running 95% on ETH and with ETH 2.0 offering the promise of massive scalability just in time hopefully to save the day from the “ETH-killers”! Thoughts? ....
It is obvious that the moment we reach to eth 2.0 that will change things a lot. There is no doubt in my mind that it will change a lot of things, I do not know if it will be 5k or 10k or more but I know that it will be awesome. I have always said the same thing, with 2.0 we are going to have people who need to get more and more ETH to make more money whereas with the current setup we have people who mine ETH and then sell some of it to pay for the cost of mining.
So instead of people who sell, we will have people who buy even more or at least not sell. That will definitely make ethereum a much bigger coin. I can see ethereum actually going over bitcoin one day, I do not know when and I do not know if it could actually do it, but I know that there is a potential there with the upcoming 2.0