Coinbase CEO Predicts Ethereum Could Soar

Crypto Robot

This bold forecast is based on Ethereum’s upcoming scaling upgrades, Layer-2 adoption, and institutional demand fueled by ETH ETFs. If true, it would mark one of the biggest surges in Ethereum’s history — but is it realistic?  In this video, we’ll break down Armstrong’s Ethereum 792% price prediction, the bullish factors driving his thesis, and the potential risks that could derail it. We’ll cover DeFi, tokenized assets, and ETH’s role in Web3, alongside the threats from Solana, regulatory scrutiny, and the volatility of past market forecasts. This isn’t just about ETH’s price — it’s about what this means for the entire Web3 ecosystem.  👉 Subscribe for daily alpha on crypto market trends, bold Bitcoin predictions, and altcoin gems that could 10x your portfolio! – https://www.youtube.com/channel/UCpjN8bNE-CoAgpfMatghM9g  📧 Email: cryptorobothelp@gmail.com  💰 Affiliate Links  Sofi Checking & Savings – Get $25 free ➝ https://www.sofi.com/invite/money?gcp=16a53d0f-b4b2-441d-9100-cfb506305260&isAliasGcp=false  Sofi Investing – Free $25 in stock ➝ https://www.sofi.com/invite/invest?gcp=ab31edd8-701e-4109-9225-51b41e35d246&isAliasGcp=false  Coinbase Exchange – Earn up to $300 BTC ➝ https://coinbase.com/join/YPUQLCY?src=referral-link  Tracking Tools – CoinGecko | CoinMarketCap  Trading Tools – Get $15 off TradingView ➝ https://www.tradingview.com/pricing/?share_your_love=cryptonextsteps  #Ethereum #ETH #Coinbase #CryptoNews #CryptoInvesting #Altcoins #CryptoMarket #DeFi #Web3 #Blockchain #ETHETF #CryptoUpdate #CryptoTraders #Solana #BTC

Transcript

00:00welcome back to the deep dive we're here to cut through the noise on the biggest headlines

00:09and really get to the core of what you need to know that's right and today wow we are tackling

00:16a prediction that's just it's so extreme you have to look closer a potential gain of 792 percent

00:24yeah 792 percent i mean that number it's designed to make you stop and stare right absolutely

00:29and what really makes it count the reason we're diving deep is the source brian armstrong the ceo

00:35of coinbase exactly when someone like that running a major exchange points to a specific crypto and

00:41throws out a number like oh well almost nine times return the market listens the media listens

00:48everyone's serious about the space pays attention right this isn't you know some anonymous account

00:52yelling on social media this is a signal a big one from the head of a globally known publicly traded

00:57company so our mission today is simple look past the uh the sheer excitement of that number we need

01:03to analyze the thesis behind it that's the is this prediction actually grounded in real shifts you know

01:11technology finance or is it just market hype maybe riding the wave of the current cycle that's the

01:18critical question we need to answer for you we've pulled together the sources looked at the evidence

01:23the tech upgrades the institutional moves coming down the pipeline and importantly the risks the

01:28risks the significant risks that often get glossed over but could absolutely stop this prediction in

01:33its tracks yeah if you're involved in crypto understanding the thinking behind this specific

01:38prediction it's essential okay so the currency we're talking about the one armstrong thinks could

01:42jump almost 800 percent it's ethereum eth that's the one all right let's do it let's unpack this huge

01:48number break down armstrong's reasons and really assess this high stakes bet he's making on the future

01:54of well everything decentralized okay let's start right there with that headline number again ethereum

01:59eth could see gains according to brian armstrong of up to 792 percent that percentage it just

02:06immediately creates that fomo feeling doesn't it yeah but it also reminds you just how volatile this

02:12whole asset class is high risk potentially very high reward it's definitely dramatic but the logic or the

02:18argument behind that specific number it isn't just pulled out of thin air it's actually quite

02:22structural okay how so well it's tied directly to this idea of market cap convergence specifically with

02:28bitcoin oh okay so he's comparing it to bitcoin exactly armstrong is basically saying look given

02:35ethereum's utility given its roadmap its total value its market cap should increase to a point where it

02:42starts to seriously rival bitcoin's dominance in the market right so bitcoin's market cap is kind of the

02:48target the ceiling maybe and that's 792 percent that's the gap eth needs to close to get there

02:54close to it that's the implication and yeah that is a massive statement about potentially shifting

02:59dominance in the crypto world it really is so what's the engine here what does armstrong argue

03:04actually allows eth to close that gap what's the mechanism so this convergence this closing of that

03:10you know huge market cap difference he sees it being driven by three main factors and they're all

03:16interconnected okay and they all revolve around making ethereum ready for well truly global institutional

03:23level finance all right lay them out for us what are these three pillars supporting this prediction okay

03:29number one the successful rollout and it has to be timely of ethereum's big scaling upgrades making sure

03:36that base layer can handle a massive load scaling first got it number two the massive growth and

03:42this is key the user-friendly adoption of layer two solutions the whole roll-up ecosystem that's where

03:47most of the transactions are supposed to happen right the l2 is taking the strain and number three

03:51number three and i think you could argue this is the most critical piece for getting that bitcoin-like

03:56valuation it's the explosion of tokenized assets rwas rwas yeah real world assets taking stuff that's

04:03traditionally hard to trade you know illiquid or complex think shares and private companies real

04:08estate funds maybe even bonds stuff that exists outside crypto exactly and representing ownership of

04:13that stuff securely on a public blockchain like ethereum that's a fundamental difference isn't it yeah

04:19bitcoin is positioned as digital gold a store of value purely but ethereum armstrong's betting it becomes

04:26the operating system for the next generation of finance if his logic holds the financial world

04:33tokenizes trillions trillions potentially fractional ownership of buildings digital government bonds

04:39all sorts of things and ethereum right now is kind of the default place for that to land

04:45that's the argument precisely and that's why this prediction coming from him adds so much perceived

04:51legitimacy to ethereum's role you know as the essential smart contract platform it suggests a huge flow of

04:58money is coming it implies that if ethereum pulls off its roadmap meaning if it actually fixes the

05:02congestion issues then the sheer amount of institutional money corporate money that could flow in

05:07using eek itself for fees for settlement it would be staggering and that volume that necessity is what

05:14justifies a valuation closer to bitcoin that's the core of the argument okay but i have to push back here a bit

05:20why is ethereum the default we know there are faster chains out there solana's fast avalanche has pushes into

05:26institutional stuff too why would big banks pick ethereum with its layers and complexity over something

05:33maybe simpler and faster that's a really really important question and the answer i think boils down

05:38to three things that institutions care about deeply like really deeply okay security decentralization

05:45and network effects first security ethereum is secured by well probably the largest and most decentralized

05:52group of validators anywhere outside of bitcoin itself harder to attack extremely hard to compromise

05:57and banks financial institutions they put security way above raw speed always makes sense second

06:03decentralization it's linked to security less control by any single entity third network effects this

06:09is huge all the major defy protocols people trust the auditing firms the security tools they're mostly

06:14built for ethereum the whole ecosystem is there already it's already there launching a big rwa project on

06:21ethereum gives you instant access to existing liquidity existing standards years of developer experience

06:27competitors just don't have that same depth or that proven track record over many years okay so

06:33armstrong's framing eth as the safe harbor for institutions even with the tech complexity right now

06:39sort of yeah the prudent most battle-tested option for complex programmable value and that connects to

06:46something our sources mentioned in comparison to another big crypto personality it really does it

06:50feels very similar to how michael saylor years ago started positioning bitcoin you know as the one true

06:57institutional reserve asset the digital gold armstrong is doing the same playbook but for eth kind of

07:03yeah he's essentially saying ethereum's utility its role as this world computer justifies evaluation in

07:09the same league as the big store of value bitcoin it's a narrative shift trying to move eth from just

07:15speculative tech asset to essential global financial infrastructure that is a high stakes bet if he's

07:21right that 792 percent isn't just a price target it's almost the mathematical outcome if ethereum

07:28actually becomes that infrastructure layer that's the logic yeah it's the convergence required for it to

07:33fulfill that promise okay let's zoom in now on the details inside that bull case starting with the

07:39foundation network utility i mean ethereum already runs huge parts of web3 it absolutely does its current

07:46use is its biggest advantage its moat talk us through that footprint defy nfts stable coins yeah and this

07:53emerging rwa thing right so defy decentralized finance you're talking hundreds of billions in value

07:59locked up managed on chain the vast majority of that it's native to ethereum or it's layer twos the plumbing

08:05is already built on eth pretty much then you have stable coins the digital dollars people use globally

08:09again mostly issued and settled on ethereum it's the collateral layer the settlement layer and maybe

08:14most relevant for institutions it provides this deterministic execution environment that sounds

08:22technical but it just means if a smart contract runs on ethereum the outcome is guaranteed by the

08:27network's security no ambiguity which is exactly what you need for complex financial agreements precisely

08:33automated complex transactions for tokenized securities you need that certainty ethereum provides it

08:40at scale arguably better than anyone else right now so it's the established player yeah the incumbent

08:45but we know incumbency isn't always enough right it can lead to getting slow complacent true which

08:51brings us to what you said makes this prediction really interesting it completely depends on the success of

08:57the upgrade roadmap completely yeah the network has to evolve it has to go from being you know successful but

09:03often clogged and expensive to being this global supercomputer that can handle theoretically the

09:08entire world's financial traffic and that leap that transformation it's all about scaling the whole

09:13prediction relies on the core engineering strategy working out which is basically get the bulk of the work

09:19off the main chain so when we talk about future-proofing ethereum for this vision we're mainly talking about

09:24two key technologies roll-ups and dink sharding okay we've heard those terms right let's break them down

09:31simply for everyone listening what exactly is a roll-up and why is it so central to armstrong's idea okay

09:37think of ethereum's main chain layer one like a very busy very official courthouse every single case

09:44every transaction has to be seen and recorded by every single judge every validator it's jammed up easily

09:50slow expensive exactly a roll-up think arbitrum optimism base starknet it's like setting up a super

09:57efficient branch office right next door built on top of the main courthouse's authority okay this

10:02branch office the layer two handles thousands of cases thousands of transactions off-site really fast

10:07and cheap then it bundles up all the final results the judgments into one tiny mathematically secure

10:14proof like a summary report a cryptographic summer yeah and it sends only that tiny proof back to the

10:19main courthouse the layer one for the final official stamp guaranteed recording so it multiplies the

10:24capacity drastically massively multiplies capacity but crucially it still gets its security from the

10:31main ethereum network that's the magic that's how scaling works today got it so that's roll-ups

10:36what about dank sharding sounds exotic ah yeah the name is a bit weird dank sharding is the next big

10:43step think of it less about making transactions faster on layer one and more about making massively more room

10:49for all those roll-ups to report back more space for the summaries exactly it uses some clever tech

10:54data availability sampling or das to drastically increase the storage space they call them data

11:00blobs available on the main chain specifically for roll-ups to post their proofs okay so it doesn't

11:06speed up l1 itself no but it makes the cost for those roll-ups to submit their batches of transactions

11:12potentially exponentially cheaper ah if the cost for arbitrum or base to post their data back to ethereum

11:17drops by say 90 or 99 then the final fee for you the end user on that l2 should drop proportionally

11:24making lt is potentially dirt cheap that's the goal armstrong's 792 prediction it falls apart if

11:31those transaction fees don't plummet for everyday users dank sharding is the main engineering bet to

11:36make that happen okay so the tech success is one side the other side is money flow this isn't just code

11:42it's about wall street actually buying in yes and the big catalyst there seems to be the expected

11:47arrival of us-based spot ether etfs exchange traded funds absolutely critical pivotal the approval and

11:56then the actual listing of these etfs that's the main institutional on rep we're watching why is it such

12:02a big deal because it changes eth from being you know this asset that requires special wallets special

12:07custody understanding gas fees into just another financial product something you can buy in your regular broker

12:12account like a stock simple ticker simple simple ticker that immediately unlocks the potential for huge

12:17allocations from wealth managers pension funds maybe even corporate treasuries people who need

12:21regulatory clarity and easy access which an etf provides and coinbase itself is involved in listing

12:28these etf applications right which shows armstrong's betting his own company's future on this huge signal

12:34of confidence when wall street players can just click a button and allocate billions to eth through an etf

12:41well that market cap convergence idea suddenly seems a lot more possible it removes so much friction

12:47okay and this links directly to something you mentioned earlier the internal strategy coinbase didn't

12:51just watch the l2s explode no they jumped in they launched their own layer to base how does that fit into

12:57this this is really clever it's about aligning incentives base is built using ethereum's tech stack

13:03specifically the optimism stack it relies completely on ethereum layer one for its security and final

13:09settlement so base needs ethereum to work absolutely so when base succeeds when millions of coinbase users

13:15start doing things cheaply and quickly on base what does that do it drives more activity more fees

13:20eventually back to ethereum l1 more developer interest in the whole ethereum ecosystem ah so armstrong isn't just

13:27predicting the 792 he's actively building the infrastructure that helps make his prediction

13:33come true he's tying coinbase's future revenue streams directly to the success of ethereum scaling

13:39it's a feedback loop his company benefits if the ecosystem he's predicting will boom actually booms

13:45exactly coinbase shifts from just being an exchange where you buy eth to being a core part of the

13:51infrastructure making eth useful and scalable their success becomes intertwined with that whole

13:56ethereum roadmap playing out now to really grasp why this scaling race is so intense why armstrong's

14:02focus on l2s isn't just a nice to have but an absolute must i'm going to look back a bit history provides

14:08context yeah let's talk about that nft boom 2021 2022 for users that was a painful time on ethereum oh it was

14:15chaos but you know incredibly revealing chaos it was like a perfect storm testing the network's limits what

14:21happened demand just went vertical primarily nfts but also tons of defy activity the

14:25network worked technically but only if you were willing to pay an insane price the gas fees the gas

14:32fees we saw data showing average transaction costs hitting hundreds of dollars sometimes for complex

14:38actions like minting a popular nft it could spike into the thousands just for one transaction i remember

14:44seeing that people complaining they spent more on the fee than the actual nft they were buying it was

14:49absurd it was completely absurd and that period it did two things perfectly one it showed there was

14:56massive real demand for what ethereum enabled people wanted to use it okay but two it starkly highlighted

15:02the critical bottleneck the scalability problem it proved beyond any doubt that ethereum layer one

15:08simply could not handle global mainstream levels of traffic without fundamental changes it choked it choked

15:13it was the breaking point that really crystallized why layer twos weren't just a good idea they were

15:18essential for survival and growth it showed the demand was there just waiting for the network to catch up

15:23so that history makes the push for l2s the roll-ups like arbitrauma optimism base it makes their success

15:31absolutely non-negotiable for this 792 prediction to even be possible that's the absolute core of it

15:37armstrong's entire vision relies on successfully moving the vast majority of everyday transactions off layer

15:44one and onto these l2s you make l1 the settlement layer secure maybe a bit slow maybe a bit expensive

15:50but that's okay because it's just for final settlement and security and make the l2s the fast

15:55cheap place where users actually do things exactly that's the model that's the goal the success of

16:01those specific platforms arbitrarium optimism base and others is directly tied to hitting that mass

16:07market potential needed for a bitcoin-like market cap and the cool thing is we can actually track this

16:13shift it's not just theoretical we can yes which is vital if you're trying to figure out if this

16:18prediction is on track what should people be watching okay the key metric is the ratio how much

16:23transaction volume is happening on the layer twos compared to the main layer one chain you want to

16:28see that l2 volume growing consistently more activity moving off the main chain right and you couple that

16:33with tracking the gas fees on layer one itself if the scaling solutions are working properly

16:39then even when the network gets busy overall the fees on layer one should stay relatively stable

16:45relatively manageable because the l2s are absorbing the load precisely if we suddenly see layer one gas

16:51fees spiking wildly again like back in the nft boom that's a major red flag it means either the l2s

16:58aren't scaling effectively enough or users just haven't moved over in large enough numbers to relieve the

17:03pressure okay so track l2 volume versus l1 and watch those l1 gas fees what about conviction long-term

17:10belief in the network the merge changed things significantly hugely significant the merge shifting

17:16from proof of work to proof of stake from mining to staking right it fundamentally changed how the network

17:21is secured now security comes from people locking up their capital their eth to validate transactions

17:26and earn rewards it's a direct financial commitment so staking is a measure of belief it's a direct

17:31measure of long-term conviction when people stake eth they're typically locking it away for a significant

17:36period they're betting on the network's longevity security and future value appreciation so what's

17:42the metric there you absolutely have to track the growth in state eth look at the total number of

17:48validators joining the network and crucially the percentage of the total eth supply that's being staked

17:53has that been growing since the merge it has been quite significantly and that's seen as a very bullish

17:59sign by proponents it shows increasing confidence and it also reduces the amount of eth readily

18:05available to be sold on the market less liquid supply exactly so rising state eth equals rising

18:12conviction if that number starts to flatten out or even decline that would suggest confidence is

18:17weakening among the core believers okay so staking tracks the capital commitment what about the people

18:23building on it the human capital ah developer activity yes absolutely critical you need to

18:29compare the size and maybe more importantly the engagement level of ethereum's developer community versus

18:34its main competitors how many people are building apps tools protocols right historically ethereum has had

18:42by far the largest and most active developer base they're the ones creating the defy apps the nft standards

18:48the rwa protocols even the scaling solutions themselves the brain trusts kind of yeah if that talent pool

18:55starts to seriously migrate elsewhere if developers feel that say solana or another layer one offers a

19:01better platform faster growth easier tools that would be bad that developer brain drain would be a huge warning sign

19:08it suggests the platform might be losing its edge losing its future relevance and that would fundamentally

19:13undermine armstrong's whole 792 thesis so yeah we're tracking money usage and talent okay we've laid out

19:21the bull case the upgrades the potential now we absolutely have to pivot we have to talk seriously

19:25about the risks because a prediction like 792 it doesn't happen in a vacuum there are major hurdles huge

19:32hurdles and for anyone listening getting a balanced view is crucial so while armstrong positions ethereum as

19:38this inevitable institutional choice yeah the biggest most immediate threat fierce competition and

19:43it is fierce isn't it ethereum might have been first but the blockchain world moves incredibly fast

19:49blindingly fast and the competition often made different design choices ethereum as we discussed

19:55prioritized decentralization and security first relying on layer twos for speed the layered approach

20:01right many competitors went for raw speed on layer one from the start they optimized for performance

20:07sometimes making trade-offs on decentralization look who well the emergence of really powerful

20:13often single chain alternatives you hear about solana avalanche sui aptos these are serious threats

20:19to that narrative of ethereum being the only game in town let's focus on solana for a second because

20:25its growth especially in late 2023 and into 2024 really highlights this danger for ethereum doesn't it

20:31it's the perfect case study solana's architecture is often called monolithic it tries to do everything

20:37consensus execution data on one extremely fast highly optimized chain all in one layer all in one layer

20:44and the result transaction speeds and costs that are right now objectively far better than ethereum's

20:50layer one we're talking fractions of a penny per transaction near instant finality which appeals to

20:56certain users and apps absolutely think high frequency trading consumer apps maybe certain types of

21:02gaming where you need that instant feedback loop things where cost and speed are paramount so what's

21:08the risk to ethereum there the risk is user experience ethereum relies on users navigating this world of l2s

21:14knowing about arbitrum optimism using bridges to move funds maybe having assets spread across different

21:21layers it's getting better but it's still more complex than just using solana directly simplicity wins it often

21:27does especially for mainstream adoption the danger is that users developers and even some institutions

21:33might decide that solana's good enough decentralization is acceptable if the user experience is just vastly

21:38smoother and cheaper they might migrate away from eth even with its big developer base solana has already

21:44shown that significant migration can happen if the ux and cost advantages are compelling enough it directly

21:51challenges the idea that ethereum's network effect is unbeatable okay so competition is risk number one

21:57what's number two regulation specifically the regulatory headwinds in the united states this is a huge cloud

22:04hanging over institutional adoption the uncertainty is the killer absolutely the big question mark is how

22:10eth will ultimately be classified by regulators like the sec this risk has to be factored in we've seen

22:16hints or suggestions in the past could eth be deemed a security that possibility has been raised particularly in

22:24discussions around the shift to proof of stake after the merge now we have to be really clear here yes

22:29we're simply reporting that this regulatory uncertainty exists it's a known risk factor discussed in the

22:34sources we are not predicting the outcome or taking any side on how eth should be classified right just

22:40acknowledging the risk is there exactly but if eth were definitively classified as a security in the u.s

22:47the consequences would be massive it would drastically change how it can be

22:50traded who can offer it compliance burdens it could seriously slow down that institutional rush

22:55armstrong is counting on it could potentially slam the brakes on it so regardless of how good the tech

23:01gets a negative regulatory outcome in a key market like the u.s would make that 792 percent gain far far

23:09less likely it's a non-tech risk that's huge okay competition regulation any other major risks well there's

23:15the ever-present risk of just market cycles crypto is volatile understatement of the year yeah predictions

23:21like 792 percent they often emerge during periods of market optimism maybe even euphoria if the broader

23:28economic climate sours say interest rates go up significantly liquidity tightens globally risk assets

23:33get hit hard exactly even the best project with the best tech can see its price plummet in a bear market

23:39you have to remember that these gains if they happen likely won't be a straight lineup volatility is baked in

23:45okay so bearing all that in mind armstrong's core thesis is eth catching up to bitcoin's market cap

23:53if you had to pick one single metric for listeners to track to test if that specific idea is actually

23:58playing out what would it be oh easy it's the eth versus btc market cap ratio or even just the eth btc

24:05price ratio which usually tracks closely why that ratio specifically because it tells you directly

24:11in market terms whether ethereum is gaining ground on the leader is eth's value relative to bitcoin's

24:17increasing over time is the flippening narrative actually happening even slowly right if ethereum

24:22really is becoming this essential global financial infrastructure layer its share of the total crypto

24:28market value should be consistently increasing compared to bitcoin that ratio needs to show a clear

24:33sustained upward trend over months and years and if it doesn't if it stays flat or eth loses ground to bitcoin

24:39then it suggests the market especially maybe those institutions are still valuing bitcoin's

24:44narrative digital gold simple store of value more highly it would mean the convergence thesis

24:50isn't panning out regardless of scaling success that ratio it's the scoreboard for armstrong's big bet

24:56okay let's pull back a bit and think about the bigger picture we've got armstrong's bold prediction

25:01the tech roadmap the risks what does this all mean for the wider web3 world what are the potential

25:08outcomes here well you essentially have two profoundly different futures playing out depending on whether

25:13armstrong's vision holds true more or less scenario a he's right scenario a armstrong is broadly correct

25:19maybe not exactly 792 but directionally right ethereum successfully scales with l2's dank sharting

25:26works fees drop wall street embraces the ets rwa tokenization takes off on ethereum what happens then

25:32in that world eth dominance gets cemented it becomes the undisputed settlement layer the bedrock for

25:38this new financial system and that's a huge rising tide lifts all boats built on eve pretty much the

25:44entire ecosystem around ethereum defi protocols nft platforms crypto gaming stable coins all those rwa

25:52projects they all benefit massively ethereum becomes the clear winner the core infrastructure okay that's the

25:59optimistic scenario what's scenario b scenario b is fragmentation it's the world where ethereum

26:05doesn't quite deliver maybe the scaling isn't good enough maybe l2s remain too complex maybe costs don't

26:10drop enough or maybe regulation throws a major wrench in the works and the competition steps in and the

26:16competition solana avalanche others capture a significant chunk of that growth maybe even the

26:20majority in certain sectors like consumer apps or gaming users and developers migrate because the

26:26experience is just better or cheaper elsewhere so no clear winner in that scenario you likely end up

26:32with a multi-chain future ethereum is still important maybe dominant and high value defy but it's just

26:37one major layer one among several each specializing it wouldn't be the undisputed center and that market

26:43cap convergence with bitcoin much much less likely in scenario b ethereum's potential value is significantly

26:49capped if it doesn't become that foundational layer for everything so regardless of which scenario plays out

26:55armstrong's prediction and coinbase's strategy really forces the issue does it absolutely does it puts

27:01the spotlight right back on the core challenge for the entire industry can you deliver scaling can

27:06decentralized infrastructure finally be fast cheap and secure all at the same time with a good user

27:13experience that's the billion maybe krillium dollar question okay which brings us back to tracking

27:18progress what are the absolute must watch metrics now specifically for judging if institutions are

27:25biting and if the scaling is actually working two final key areas to watch like a hawk first once they

27:31launch institutional flows into those spot etfs the real money talking that's the acid test for the whole

27:37wall street adoption narrative we need to track the weekly inflow data how much money is going in how does it

27:42compare to the initial flows into the bitcoin etfs is demand strong and sustained that tells you if the

27:48institutional leg of the prediction is real okay etf flows what's the second one the second tracks the

27:54tech reality gas fees versus layer 2 adoption we talked about the ratio but also just the cost our

28:00average transaction fees on major l2s like base optimism arbitrum consistently staying super low like pennies or

28:06fractions of a penny even when network activity spikes especially then if l2 fees remain

28:12negligible even during high demand periods it's proof proof that the scaling architecture works

28:18that the network can handle mass adoption cheaply that the foundation needed for trillions and tokenized

28:24assets is actually stable and affordable so etf flows show demand l2 costs show capability exactly those

28:31are the two pillars supporting the possibility of that 792 percent gain this has been uh definitely deep

28:37dive we've really dissected this huge claim from brian armstrong looked at the tech the

28:42institutional angle the very real competition yeah it's complex the prediction while eye-popping

28:47isn't totally random it's grounded in this vision of ethereum becoming the core infrastructure for global

28:52finance if a big if a huge if if it executes flawlessly on a very complicated technical roadmap

28:59and gets regulatory blessing and fends off faster competitors right so summarizing the bull case

29:04it rests on six successful scaling yeah l2s dank sharding institutional buy-in etfs and massive utility

29:12expansion rwas that's the trifecta and the main risks threatening it yeah intense competition especially

29:19from faster chains like solana and that looming shadow of regulatory uncertainty the sec classification

29:25question those are the big ones yeah competition and regulation okay as we wrap this up i have one final

29:30thought a question really for you the listener to chew on it gets to the heart of the difference

29:34between eth and btc okay is ethereum with all its utility its complexity its reliance on future upgrades

29:41succeeding is it best thought of as digital oil you know the essential maybe messy fuel needed to

29:49power this new internet of value that's one way to frame it the engine or

29:53is that very complexity combined with its volatility just fundamentally too risky for mainstream institutions

30:01compared to the elegant simplicity the proven scarcity of bitcoin the digital gold utility versus simplicity

30:09platform versus asset complexity versus scarcity which one will institutions ultimately value more

30:16when they allocate the really big money that's the core tension isn't it it absolutely is and the answer to

30:21that question revealed over the next few years will likely determine whether 792 was a visionary call

30:28or just market cycle enthusiasm so keep an eye on those metrics we discussed definitely staking growth

30:33developer activity l2 costs and especially those etf flows when they arrive that's where the market

30:39will give us the real answers excellent point to end on thanks for joining us for this deep dive we

30:43really encourage you to keep tracking these developments yourself until next time keep learning

30:51and they're taking a lot of the answers from this deep dive we made about the

30:57release if you're going to be surprised to and hopefully make a little bit more personal

30:59of what you're talking about ii we're talking about ii we're in theik ii we're talking about

31:05the you to the general of the world we're talking about and ii we're talking about

31:07the relationship that ii we're talking about and we're talking about and we're talking about

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