The ETH Supply has just gone slightly inflationary again, but that is not really the problem. With BTC we have certainty around the Supply, the same does not go for ETH…

I would like to start this off with a small disclaimer that I am no ETH hater here, actually I would probably be way more exposed to the ETH ecosystem than BTC myself with my money. But I just think that it is always important to observe some objective statistics and think about their consequences.

One of them is the Supply, apart from the demand, which is literally impossible to predict at all, the Supply is the most important thing. During The Merger it was quite anticipated that the ETH supply would be deflationary and thus some even said that ETH has eclipsed BTC, sorry, but that is not true yet.

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ETH Supply, slightly entering the inflationary territory with 0.16% Supply Growth over the last seven days, picture taken two days ago from ultra sound money

Here we can see how the ETH Supply over the last 7 days has become inflationary again as there seemingly have not been enough burns, but that is not the issue. The 0.17% inflation is indeed laughable, but it just shows how the ETH supply is fully in the hand of the market and there theoretically could be a higher inflation too.

The most important thing we can have is certainty in such a volatile market and BTC does give certainty with its Supply, while ETH does not really. Many may say it does not matter and maybe it actually does not matter, but looking at human evolution we are highly risk-averse, so certainty automatically attracts us more.

Disclaimer:

This is not supposed to be some BTC vs ETH, I am just sharing a certain perspective of how ETH is really not at its final destination yet and how dumb the whole BTC vs ETH debate is. BTC and ETH are two completely different things and if ETH would try to mimic BTC, they would just destroy themselves and thankfully Vitalik is not doing that.