Supply shock coming to Ether will be unlike anything we're ever seen

Ethereum is now burning over 1000 eth per day -- it's been over 7,000 for the past week. At this rate, that's over 365,000 a year, or $600,000,000 worth of eth. This is not something the market will be able to sustain much longer, causing an incredible supply shock. Consider that under proof of work we'd be generating 335,000 eth per MONTH, or 4,000,000 per year, or $6.6B i.e. $6.6B of new supply added under PoW, which is now eliminated.

So, why haven't we seen the effects yet? The short answer is the Ratio, which sits around 45% of bitcoin. Ehereum and Bitcoin have been connected at this ratio since before the merge, and the market so far has been sticking to it. Since the inflation of bitcoin is high (currently $7.5B per year), demand for ethereum gets lumped into demand for ether+bitcoin as a unit. There is enough bitcoin to not just satisfy the bitcoin demand, but also the buy pressure put on ethereum too. (Since there are enough portfolios out there that would auto-adjust their bitcoin / eth investment in line with the 45% ratio).

Once the ratio decouples, prepare yourselves -- the shock will come fast and furious.