• Ethereum’s co-founder Vitalik Buterin is confident that a bull run for ETH is coming soon.
• He believes, however, that crypto scaling issues must be addressed first before the price surge can occur.
• The recent Shapella upgrade provides more liquidity and could attract institutional investors.
Ethereum’s Bull Run
Ethereum co-founder Vitalik Buterin has expressed his confidence in a looming bull run for ETH. He believes, however, that in order for it to truly reach its potential, crypto scaling issues need to be fixed ahead of time.
The Shapella upgrade recently took place on Ethereum and provided more liquidity to the currency units which had been staked for some time. This could potentially attract institutional investors from Wall Street and other places who are interested in digital assets becoming mainstream investments in funds.
Crypto Scaling Issues
Buterin is adamant about fixing crypto scaling issues ahead of the bull run or else people will be stuck paying high transaction fees when it finally arrives. It isn’t clear what he plans to do as part of this effort yet since no official announcement has been made regarding it yet.
The Merge Upgrade
Before the Shapella upgrade occurred, there was another major one called The Merge which happened in September 2020. This involved switching from proof of work to proof of stake which allowed for greater energy efficiency and cheaper transactions as well as faster speeds on the network overall.
It remains to be seen how successful Ethereum’s next big upgrade will be but at least with Vitalik Buterin taking charge of things, there should be plenty of optimism surrounding it given his track record with previous upgrades like The Merge and Shapella already having been very successful ones thus far.