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Unpopular opinion: $ETH 's "ultrasound money" narrative is dead — and burning supply won't save it. ⚠️
Deflationary supply means nothing if demand keeps falling. Fee burns have slowed massively, L2s are pulling activity (and fees) away from mainnet, and ETH/BTC keeps bleeding for years now.
The tokenomics story was never the problem. Utility capture is.
Change my mind.
#Ethereum #cryptodebate
Unpopular opinion: $ETH 's "ultrasound money" narrative is dead — and burning supply won't save it. ⚠️
Deflationary supply means nothing if demand keeps falling. Fee burns have slowed massively, L2s are pulling activity (and fees) away from mainnet, and ETH/BTC keeps bleeding for years now.
The tokenomics story was never the problem. Utility capture is.
Change my mind.
#Ethereum #cryptodebate