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

By: 
Joseph Bonanno

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.

Read the article on BusinessInsider.com

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram