As the Ethereum (ETH) merge (PoS conversion) is approaching in two weeks, an expert analysis has been raised that the turmoil in the virtual asset (cryptocurrency) market may increase following the merge.
According to the Daily News on the 3rd (local time), CNBC analyst Brian Kelly and CEO of BK Capital Management (CEO) Brian Kelly said in an interview with CNBC on the same day, “Investors bought Ethereum ahead of the merger, but this is because of the news.” .
He warned that “there may be technical flaws in the merge process,” and that “there is a possibility that the expected return may not be achieved due to Ethereum’s inflation mechanism.”
As of 19:40 on the Binance Tether (USDT) market, ETH is trading at $1553.49, down 2.12% from the previous day.
Reporter Hyo-rim Jeong Bloomingbit flgd7142@bloomingbit.io
