It seemed like yesterday that Ethereum was playing second fiddle to Bitcoin. In recent months, it has increasingly decoupled from Bitcoin, growing to be a formidable asset in its own right. The spotlight has been shone on the approval of 8 spot ETH ETFs in the United States, no doubt, but in actual fact, Hong Kong approved of spot ETH ETFs before America. Is it any surprise that with the prevalence of Ethereum, it not only yields us financial stability, but also improves our mental health?
Firstly, central banks like to increase the supply of fiat to artificially inflate its value. However, with the Ethereum Improvement Proposals (EIPs) slated to be implemented, Ethereum is shaping up to be a deflationary asset. This means that when we save in ETH, we can rest assured that it will appreciate in the future and help us gain back the purchasing power that we would have lost, no thanks to the rising costs of living. Can you imagine how helpless those who don't invest in ETH would become, seeing their fiat getting eroded by skyrocketing inflation?
In addition, having a consistent DCA habit saves us from the pernicious jaws of consumerism. While our neighbours are running hte hedonic treadmill, trying to beef up their self-worth by acquiring more and more material possessions, Ethereum HODLers keep their heads down and swap fiat for ETH. After all, ETH feels more tangible than all these fleeting material stuff. If our neighbours are into conspicuous consumerism and runway materialism, it is frankly none of our business.
Feeling secure that a part of our net worth is safely stored in ETH gives us the peace of mind to pursue our life goals and actualise our potential. No more rolling over in bed at night, worried about the rollercoaster ride that is part and parcel of investing in shitcoins. No more precious cognitive energy wasted on making the most bang for our buck. In Ethereum we trust.
