How will the upcoming Ethereum Shanghai upgrade impact the price of ETH? And what will be its long-term impact on the ecosystem? Find out in our latest conversation with Ethereum researcher, VivekVentures !
Around 18 million ETH will be available for withdrawal following Shanghai. According to Raman, that may lead to some selling pressure on ETH's price in the short term.
However, in the long run, the ability to unstake Ether will “de-risk the ETH investment in a tremendous way,” he pointed out. In particular, institutional investors that couldn’t get involved earlier in staking will feel more comfortable once ETH can be unstaked. More capital entering ETH staking will improve the Ethereum network in the long run.
“The more native proof-of-stake asset that's staked, the higher the cost to attack the chain,” Raman pointed out.
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