Research has shown that the establishment of the Ethereum Merge upgrade will cause the Bitcoin network to be regulated away hence the crashing of its value.
Kyle McDonald, a researcher, advises investors to sell Bitcoin since the upcoming Ethereum merge will have a less energy-intensive way of verifying transactions as opposed to the high energy that Bitcoin uses.
He also said that Bitcoin is likely to collapse due to a lack of coordination which will help it leave proof of work. In addition, he revealed that Bitcoin might never reach $69,000 again due to the dispute between environmental activists and governments over crypto’s energy consumption.
Ethereum Merge will cut down energy costs by a great significance by reducing millions of Graphic Processing Units (GPU) to thousands of computers that are low energy intensive.
