Friday, August 27, 2021

Will ETH 2.0 Untether Ethereum From Bitcoin With a Successful Launch?

In my time in crypto, there has never been an event that has made me actually think the market could be untethered from Bitcoin. BTC brings the entire market up and down with it, and only if it's doing well will we see the beginning of an alt season. But I wonder about ETH 2.0 (with a successful launch).

Will ETH 2.0 be different? Can it untether from Bitcoin? If Ethereum 2.0 gets pushed back again and let's say begins in 1 to 3 years time, it would begin in what is predictably the crypto winter. Could we therefore potentially see ETH take off without the help of BTC? Ethereum has almost all the DApps and services built on it, making it a one-stop for most of your crypto needs (like the Google suite). And with PoS, bigger companies may be sold on the marketability of its "environmental footprint". If PoS successfully drastically reduces fees and congestion, do you believe it can happen?

Let me know your thoughts! This event has been in the making for several years (and counting).


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