Business Insider: A 28-year-old former Morgan Stanley associate breaks down 3 reasons why he started a $30 million crypto hedge fund to 'almost solely' invest in Ethereum's Merge

North Rock Digital

From retail to institutional players, Ethereum's Merge has caught the eyes of prospective investors across the board in recent months.

Citigroup, for example, said ether – the native crypto of Ethereum's network – will become both deflationary and a yield-bearing asset after its upgrade, according to a recent research report.

Crypto markets looked poised to recover after a rocky first half of the year on the upgrade's hype last month, as ethereum jumped more than 40% in a week, according to Messari. The token, however, has since tumbled on harsh macro conditions and inflation concerns, leaving investors tentatively risk-off on speculative assets.

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