Odaily Planet Daily reports that the “1011 Insider Whale” agent Garrett Jin posted on the X platform stating that people refer to Bitcoin as “digital gold” and a potential currency, but Ethereum can also become a currency. “Inflation equals the inability to be a currency” is not a valid argument because economies need an expanding money supply to match GDP growth. A completely closed monetary system would passive ly benefit early holders while permanently excluding new contributors, which is no different from a dictatorship hoarding wealth. ETH's current inflation rate is about 0.8%, representing a manageable inflation. With moderate inflation and real utility (DeFi, stablecoins, L2), ETH can fully serve as a currency. Only moderate inflation can gradually dilute entrenched wealth over time, allowing more everyday contributors to participate fairly and promoting healthy growth.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Contract whale pension-usdt.eth shorts Bitcoin with 3x leverage, holding 170 BTC.
Gate News Report, March 9 — According to Hyperinsight monitoring, the contract whale pension-usdt.eth started shorting Bitcoin on Hyperliquid with 3x leverage about 10 minutes ago. The current position is 170 BTC short, approximately worth 12.2 million USD, and the position is still increasing.
GateNews10m ago
Bitmine accelerated purchases last week with 60,976 ETH! Tom Lee: Ethereum is in the late stage of the "bear market," and the bottom could be seen as early as this week.
Ethereum reserve company Bitmine announced its holdings on March 9, accumulating 4.535 million ETH with total assets reaching $10.3 billion. Chairman Tom Lee stated that they have recently accelerated their purchase by 60,976 ETH and believe that Ethereum is currently in the late stage of a small bear market, with the bottom estimated between March 8 and 14. Bitmine has staked 3.04 million ETH, generating an annualized yield of $174 million, and plans to launch its own staking infrastructure, MAVAN.
動區BlockTempo39m ago
Ethereum Breakout Signals Short-Term Upside
The recent bullish sentiment in the crypto market is driven by Ethereum's breakout from a downward trendline, indicating potential price targets of $2,050 and $2,085. While the volatility remains, analysts are optimistic about Ethereum's long-term prospects contingent on market adoption.
Coinfomania48m ago
BitMine increased its holdings by 60,976 ETH last week. The Executive Chairman states that ETH may bottom out in mid-month.
BitMine announced that as of March 8, its total assets reached $10.3 billion, including 4,534,563 ETH and 195 BTC. Executive Chairman Tom Lee stated that amidst market uncertainty, ETH has shown resilience, and its price is expected to bottom out between March 8 and 14. Meanwhile, BitMine is accelerating its ETH accumulation, with staked ETH reaching 3,040,483.
GateNews1h ago
Sharplink Releases Annual Report: ETH Holdings Increase to 868,700 Coins, Staking Rewards of 14,500 Coins
Sharplink released its 2025 financial report, showing its Ethereum holdings increased to 868,699 tokens, making it the second-largest publicly traded company globally in ETH holdings. It also holds $28.5 million in cash and $1.9 million in USDC, with plans to continue increasing its ETH holdings.
GateNews1h ago
