Here is the global economic condition. We will face a high inflation environment for a long time until we accept it.

The government has changed. They used to have a way and figure out to resolve the problem. But they can no longer do it because the problem they are facing is what they created before. They probably have no ideas how they can resolve it.

Luckily, we have cryptocurrencies that can test out their durability during such an uncertain time.

Ethereum Merge is coming soon, and each exchange prepares the hard fork.

A coincidence that Ethereum hard fork is happening when the economy is at a crossroads.

There will have a hard fork to split the chain between Proof of Work and Proof of Stake.

When the chain splits, different hard fork will have their price action and blockchain activities.

Coinbase has a clever move to stabilize its own crypto market by introducing an Ethereum stablecoin: cbETH.

It can boost the ETH 2.0 within the Coinbase market since, after the Merge, the liquidity of Ethereum may drop due to the stake characteristic that users will reserve more Ethereum rather than spend them.

In contrast, if no one wants to use crypto, then the liquidity of the crypto will slow the upward price movement and brings the total market capital down.

Of course, it is all speculation at this point, and no one will know until the Merge is complete.

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Photo by GuerrillaBuzz Crypto PR on Unsplash

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