Ethereum Upgrade Could Pump Price By Burning Billions in ETH Each Year

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ETH experts are bullish about EIP-1559, but note that there are technical and political barriers to overcome before it gets implemented.

In brief

1. A recent report by Grayscale predicted that EIP 1559 would create “a positive feedback loop for Ether’s price."

2. Bitcoin Breaking spoke to Ethereum experts Eric Wall and Tim Ogilvie, who both agree that EIP 1559 is bullish.

3. Technical feasibility and miner resistance hinder the implementation of EIP 1559.

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