With the Merge, Will Ethereum Take Over Bitcoin’s Title as Digital Gold? - Ep. 389

Travis Kling, Chief Investment Officer at Ikigai Asset Management, talks about how ETH changes after the Merge, what factors are going to affect its price action, and whether it can decouple from traditional assets. 
 
Show highlights: how the supply and demand dynamics of ETH will change after the Merge
why he believes the Merge is the most significant catalyst in crypto history
what the risks are in terms of price action 
whether there is an estimate of how much ETH will be locked up and how this lockup resembles Mt. Gox’s BTC
the impact that being a deflationary asset will have on the price of ETH and whether it will actually become deflationary after the Merge
how activity levels have been decreasing in the Ethereum network 
whether ether is underpriced or overpriced, and how to evaluate it
how institutional money is sitting on the sidelines at the moment after all the de-leveraging events that happened this year
how the Merge affects BTC’s narrative and value-proposition
how institutions have never been more interested in ether 
what the futures market is saying about the price action of ether
whether ETHPoW has any value and how to trade it
how macroeconomics has been impacting the crypto markets and whether ETH can decouple from the macro setups
Thank you to our sponsors!  
1inch: https://1inch.io/
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Messari: https://mainnet.events/ 
 
Travis Twitter: https://twitter.com/Travis_Kling
 
ETH Post-Merge ETH Dynamics: Ultra sound money dashboards: https://ultrasound.money/

Dune dashboards on the Merge: https://twitter.com/DuneAnalytics/status/1562021273575751680?s=20&t=HELDvcJ6gI3Z5RmVsGHdiA

Cumberland on the Ethereum dynamics after the Merge: https://res.cloudinary.com/drw/image/upload/v1661351279/comm-cumberland/uploads/The_Ethereum_Merge_-_Derivative_Market_Opportunities_Changes_to_SupplyDemand_Dynamics_1_zwearq.pdf

Miles Suter on the implications of the Merge: https://twitter.com/milessuter/status/1560070819518234624?s=20&t=qjolzcydMY_nTU__vZNciQ

Robert Leshner on the Ethereum Merge: https://twitter.com/rleshner/status/1559727104903757826?s=20&t=cKkI7b_Hj7dDe0DKmgP13g

The triple point asset: https://newsletter.banklesshq.com/p/ether-a-new-model-for-money

Previous coverage of Unchained: Is ETH on Its Way to Becoming Ultra-Sound Money? Yes, Says Justin Drake: https://unchainedpodcast.com/is-eth-on-its-way-to-becoming-ultra-sound-money-yes-says-justin-drake/

Why Kevin Zhou Believes Ethereum Will Have 3 Forks After the Merge: https://unchainedpodcast.com/why-kevin-zhou-believes-ethereum-will-have-3-forks-after-the-merge-ep-381/

Why Ethereum’s Merge Was Delayed and Why It Won’t Reduce Gas Fees Much: https://unchainedpodcast.com/why-ethereums-merge-was-delayed-and-why-it-wont-reduce-gas-fees-much/

 
ETH Trade Whether Ethereum’s Merge is priced in: https://www.coindesk.com/layer2/2022/08/22/is-ethereums-merge-priced-in/

Arthur Hayes on the ETH trade: https://blog.bitmex.com/eth-flexive/

ETH flips Bitcoin open interest: https://www.coindesk.com/markets/2022/08/01/ether-flips-bitcoin-in-options-market-for-the-first-time/

“Max bidding” by Arthur Hayes: https://cryptohayes.medium.com/max-bidding-7a1c56c1cd07

Gauntlet’s view on the Merge: https://medium.com/gauntlet-networks/gauntlets-view-on-the-merge-7c79e39e4b59

 
 
Macroeconomics Arthur Hayes on USD liquidity conditions and how it affects assets:https://cryptohayes.medium.com/teach-me-daddy-33e7a66dfe76

Adam Cochran on the Fed’s QT: https://twitter.com/adamscochran/status/1562077260819173378?s=20&t=Jh2DRYu-nr2mRg_4kJEFqA

Pantera Capital’s newsletter: https://panteracapital.com/blockchain-letter/ethereum-tightening-more-than-fed/

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