Why is Eth valuable?
How does more activity on top of Ethereum translate into a higher price for ETH?
Today, when you want to transact on Ethereum, you need to use ETH. There are currently around 116 million ETH. More transactions on Ethereum means more demand for ETH which means a higher price.
The Future will see Ether become triple-point money, which means it will be a combination of:
- Store of Value
- Consumable Asset: Any time something happens on Ethereum, gas needs to be burned, decreasing the overall supply.
- Capital Asset. Owning ETH represents a share of the Ethereum network, like owning equity in a company.
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