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Bitcoin (BTC) Price Prediction 2025-2040: Will Bitcoin Rally to New Heights?

Introduction: Can Bitcoin Sustain Its Meteoric Rise? Bitcoin (BTC), the original cryptocurrency, continues to dominate headlines—with its price today hovering at $111,168.7 according to Bitget, after a breathtaking rally from below $102,000 just days ago. As market participants digest the potential impact of new U.S. digital asset regulations and the lingering effects of a recent breakout above historical resistance, the world’s largest cryptocurrency faces a pivotal moment. Investors are asking: what comes next for this digital asset now entrenched in institutional and mainstream finance? Bitcoin’s significance extends well beyond mere price speculation. It is the bellwether of the crypto market, a hedge against monetary debasement, and the technological foundation for a broader digital asset revolution. This article will analyze Bitcoin’s latest movements, summarize its transformative history, examine the near-term and long-term price outlooks, and lay out the key factors and risks every investor should watch—delivering both a macro and granular Bitcoin price prediction for 2025, 2026-2030, and even out to 2040. For more timely updates, see our Bitcoin price live page. What Is Bitcoin (BTC)? Bitcoin was conceptualized in 2008 by the enigmatic Satoshi Nakamoto and officially launched in January 2009. As the first and most recognized decentralized digital currency, Bitcoin operates on a proof-of-work blockchain secured by thousands of miners across the globe. Nakomoto’s vision was profound: offer a peer-to-peer value transfer system beyond the reach of banks and governments—a “trustless” solution to double-spending and unchecked fiat expansion. The early days of Bitcoin were marked by uncertainty and skepticism. Yet, its radical transparency, capped supply of 21 million BTC, and resilient consensus mechanism quickly attracted cypherpunks, libertarians, and later, institutional investors. Today, Bitcoin stands as a symbol of decentralized finance (DeFi), competing narratives between “digital gold” and “future money,” and a battleground for global regulation. Bitcoin’s development, stewardship, and ecosystem maintenance are driven not by a single team but by a distributed, open-source community—primarily the Bitcoin Core team—whose mission is to keep the protocol secure and censorship-resistant. Over the years, the addition of SegWit, Lightning Network, Taproot, and other upgrades have expanded its utility beyond a simple store of value, reflecting a maturing, multi-dimensional financial asset. For investors, understanding Bitcoin’s genesis and design is fundamental to appreciating both its price action and its potential as a long-term investment. You can learn more about Bitcoin’s history through resources like the Bitcoin whitepaper. What’s Happening With Bitcoin’s Price? Recent News and Key Highlights In recent days, Bitcoin has captured attention due to its sharp rally from sub-$102,000 levels up to its current trade near $109,642 (see live on Bitget), driven by heightened optimism surrounding imminent U.S. digital asset regulation and increasing ETF adoption. The bullish sentiment saw Bitcoin break above multiple resistance levels, with momentum peaking at just below the $112,000 ceiling—a zone that has proven difficult to surmount since May 21. Technical indicators suggest the bulls are reaching exhaustion: The Relative Strength Index (RSI) and MACD are both showing signs of fading momentum after the surge. The $111,000–$112,000 region has formed a formidable barrier, capping previous upside attempts and creating what analysts describe as an ascending wedge structure. On the downside, $109,200 and $108,300 serve as key short-term support. While overall Bitcoin price action remains bullish, traders should be alert to the risk of short-term consolidation or even a pullback should Bitcoin fail to defend these support clusters. The post-Fed rally, ETF-induced inflows, and a potential shift in regulatory posture are the major macro drivers for Bitcoin right now. However, crypto celebrities—from MicroStrategy’s Michael Saylor to Galaxy Digital’s Mike Novogratz—remain undeterred, continuing to project long-term enthusiasm and calling any short-term pauses as “healthy” for market structure. Bitcoin (BTC) Price Prediction for 2025 Expert Opinions Industry experts and seasoned analysts demonstrate remarkable optimism for Bitcoin’s medium-term future. Anthony Scaramucci, founder of SkyBridge Capital, recently projected that Bitcoin could triple by mid-2026, referencing its finite supply and surging institutional interest: “The U.S. will solve its fiscal crisis, and Bitcoin will be a core beneficiary, likely trading at $170,000 by the second half of 2026”. Industry market analysts estimate ranges for 2025 between $150,000 and $200,000, citing growing ETF inflows, increased adoption, and geopolitical instability as catalysts for further upside. Technical Analysis From a technical perspective, Bitcoin’s current price structure is constructive but laden with near-term resistance. After staging a historic rally to $111,000+, the price has entered a consolidation phase below the $112,000 threshold. The 50-day and 200-day moving averages point upwards, reinforcing a medium-term bullish bias. RSI values suggest overbought conditions easing off, indicating a likely period of sideways or corrective movement before the next leg up. On higher timeframes, the weekly chart suggests that Bitcoin is building a base for a potential breakout, provided macroeconomic conditions remain supportive and key on-chain metrics—such as wallet accumulation by large entities (“whales”)—continue. Market Sentiment Sentiment remains positive among both retail and institutional investors. The approval of Bitcoin ETFs in the United States, combined with an increasing number of sovereign wealth funds and public companies adding Bitcoin to their balance sheets, validate its position as a strategic macro asset. Additionally, the upcoming Bitcoin halving event is expected to further constrain supply, which, historically, has preceded major price rallies. Despite this, investors should remain cautious of sudden volatility in the broader crypto markets, particularly as global regulators debate stablecoin frameworks and tax reporting for digital assets. To deepen your technical analysis, check out our advanced BTC charting tools . Long-term Bitcoin (BTC) Price Forecast 2025, 2026-2030, 2040 Bitcoin Price Forecast Table Explaining the Data and Predictions Based on a modest annual appreciation rate of 7–10%, the above table shows Bitcoin’s min, average, and max potential across milestone years. These projections combine on-chain data, historical price cycles, and expert opinion. The model suggests that if current adoption trends, institutional participation, and supply-halving mechanisms persist: In 2026, Bitcoin could average $135,000, with a potential spike to $155,000 if ETF flows intensify. By 2030, price targets center around $185,000, with some bullish scenarios approaching $215,000, fueled by increased global reserve status and major emerging market adoption. Looking further, 2035–2040, best-case projections place Bitcoin between $260,000 and $400,000, as diminishing supply and integration with global payment rails coincide. As per long-term compounding, this represents a potential ROI of 66% by 2030 and up to 197% by 2040, based on today’s Bitget price as a reference point. Long-Term Trends Institutionalization: Bitcoin’s integration into pension funds, ETFs, and state treasuries is likely to underpin demand growth for years. Scarcity and Halving Impact: The protocol-imposed halving every four years will continue to influence supply-demand mechanics. Layer-Two Scaling: With Lightning Network adoption, Bitcoin’s use case as a medium of exchange could grow beyond “digital gold.” Potential Scenarios: Best-case: Massive adoption, supportive regulation, and global currency debasement lead to parabolic price expansion beyond $400,000 by 2040. Worst-case: Stringent regulations, critical technological attack, or a shift to alternative protocols could see Bitcoin’s growth stall or contract. Most likely: Steady, sustainable appreciation on the back of healthy network effects, cycled by episodic volatility. Influencing Factors Critical events to watch include: Global regulatory harmonization or crackdowns Energy and ESG narratives impacting mining viability Innovative protocol proposals (e.g., drivechains, new privacy tools) Macroeconomic cycles and digital asset taxation policies Factors Influencing Bitcoin Price Cryptocurrency Market Trends Bitcoin’s market is inexorably linked to the health of the broader crypto ecosystem. During risk-on cycles, capital flows into Bitcoin, often igniting and leading broad rallies. Bear phases, marked by regulatory uncertainty or liquidity tightening, can provoke sharp drawdowns across all digital assets. Recent years have seen correlations with equity indices rise during macro turbulence but decouple during periods of crypto-specific innovation and adoption. Technological Developments Bitcoin’s upgrade path remains conservative but impactful. The protocol’s security, stability, and predictability are major selling points in an unstable macro world. However, ongoing work—such as Lightning Network scaling, Schnorr signatures, and further efficiency upgrades—aims to make Bitcoin even more useful while preserving its core ethos. Significant upgrades, like Taproot, have increased scripting possibilities, opening doors for more sophisticated decentralized finance (DeFi) use cases. Adoption and Use Cases From El Salvador’s landmark legal tender experiment to growing acceptance at payment processors like PayPal, and integration within leading custodial platforms, Bitcoin adoption continues to broaden. The coin’s positive profile is underscored by consistent messaging from notable supporters: Michael Saylor, Jack Dorsey, and Cathie Wood, all of whom see Bitcoin as a generational asset capable of disrupting not just finance, but the global monetary system. Regulatory Environment Perhaps the most unpredictable factor, regulatory developments—especially in the U.S. and the EU—can cause outsized volatility. The recent U.S. ETF approvals emboldened bulls, but new SEC or IRS reporting rules, and global compliance mandates, could present future headwinds. Economic Indicators External events—like Federal Reserve rate changes, debt ceiling debates, and shifts in global inflation—impact Bitcoin as investors hedge against traditional fiat instability. The prevailing narrative treats Bitcoin as “digital gold,” performing well during fiat crises or expansionary monetary policies. Risks and Challenges Notwithstanding the bullish case, key risks remain. Technological bugs, network attacks, regulation (outright bans or taxes), “ESG” concerns around mining energy use, and the rise of competitive protocols (like Ethereum or newer blockchains), could all create pressure on Bitcoin’s dominance or cause it to lag broader markets. FAQ about Bitcoin Price Prediction Q1: How much will Bitcoin be worth in 2025?Experts and models project a 2025 Bitcoin price range between $110,000 and $136,000, with an average price above $120,000, assuming current trends continue. Q2: What is the realistic Bitcoin price prediction for 2030?By 2030, realistic targets place Bitcoin between $170,000 and $215,000, with long-term bulls projecting even higher in optimal scenarios. Q3: Is Bitcoin expected to skyrocket?While historical bull cycles have seen dramatic price increases, future growth is expected to be more moderate, yet substantial, as institutional demand and technology upgrades continue. Q4: Will Bitcoin reach $10 million?Such a price is possible only under unprecedented conditions—global hyperinflation and Bitcoin becoming the dominant money worldwide. Most analysts do not predict this within the 2025–2040 timeline. Conclusion Bitcoin (BTC) remains fundamentally robust and continues to attract institutional capital, regulation interest, and retail participation. With the current price near $111,168.7, the medium- and long-term outlook points toward continued, if sometimes volatile, appreciation. The next decade will likely be shaped by a tug-of-war between regulatory, technological, and macroeconomic forces—all of which investors must monitor closely for risk management and strategic opportunity.

Maple Finance (SYRUP) Price Prediction 2025, 2026-2030: Will SYRUP Soar to New Highs?

Introduction Is Maple Finance (SYRUP) on the verge of unlocking substantial value for crypto investors? This question is resonating across digital asset communities as Maple Finance continues making headlines with recent upgrades and growing ecosystem partnerships. In June 2024, the project announced a major update to its on-chain credit protocols and expanded its lending marketplace, signaling its ambition to provide an institutional-grade DeFi solution. The launch was met with positive reactions on social media and the crypto analyst space, particularly as SYRUP’s price stabilized at $0.2315 now. Maple Finance (SYRUP) isn’t merely another DeFi token; it represents a robust attempt to bridge decentralized lending practices with institutional-level transparency in the crypto market. Since its inception, SYRUP has captured the interest of both seasoned and emerging DeFi investors given its unique use case and progressive roadmap. Notably, the coin finds itself listed and actively traded on prominent exchanges like Bitget. This article provides an in-depth analysis of Maple Finance (SYRUP), focusing on its origins, latest developments, and a comprehensive forecast from 2025 to 2030. We’ll examine expert predictions, technical signals, market sentiment, essential factors impacting its trajectory, and address the key questions crypto investors ask before choosing SYRUP for their portfolios.For deeper context, we’ll refer to Bitget’s SYRUP Markets page and supplement projections with leading external sources. What Is Maple Finance (SYRUP)? Maple Finance (SYRUP) is a decentralized finance (DeFi) protocol tailored to institutional lending within crypto markets. Established in 2021 by a team of experienced blockchain developers led by Sid Powell and Joe Flanagan, the project sought to address the lack of efficient, transparent, and automated credit provisioning in the DeFi ecosystem. Unlike many DeFi platforms that are restricted to retail peer-to-peer lending, Maple Finance empowers vetted institutional borrowers to access undercollateralized loans facilitated by pools managed by professional delegates. The central mission of Maple Finance is to revolutionize capital formation and lending in the digital asset economy. By leveraging smart contracts, Maple delivers transparency, swift loan execution, and automated yield distribution, which mitigates counterparty risk while cutting operational friction. Over time, Maple Finance has rolled out several protocol upgrades, allowing for broader collateral types and integration with leading DeFi primitives. These improvements, along with continuing active governance by the community, have kept the project relevant amid a competitive DeFi landscape. SYRUP is the primary utility and governance token in the Maple ecosystem. Holders can participate in governance voting, stake SYRUP to earn protocol fees, and even contribute capital to lending pools. The tokenomics model incentivizes both liquidity provision and long-term holding, aiming to create sustained value and stability for participants. In summary, Maple Finance combines the transparency and security of blockchain with institutional-grade lending, addressing a key gap in decentralized finance. Maple Finance (SYRUP) Price Prediction for 2025 Expert Opinions When projecting Maple Finance (SYRUP) for 2025, a consensus emerges among crypto analysts that institutional DeFi will remain one of the sector’s most important growth vectors. Industry figures such as Messari’s Ryan Selkis and DeFi researcher The DeFi Edge note the maturing nature of the DeFi lending sector and emphasize that tokens like SYRUP—backed by tangible on-chain revenues and robust KYC protocols—are poised to outperform more speculative DeFi counterparts during the next bullish market cycle. Crypto market research platforms have forecast a positive price trajectory, provided Maple maintains its on-chain loan volumes and continues protocol innovation. SwapSpace’s June 2024 analysis suggests SYRUP could experience a moderate rally towards $0.31 by late 2025, as institutional adoption deepens and new lending partnerships come to fruition. Technical Analysis From a technical analysis perspective, SYRUP currently trades at approximately $0.2315 (Bitget), with its price consolidating after recovering from a multi-quarter low seen in early 2024. Key chart indicators such as moving averages (50-day and 200-day) suggest a nascent bullish trend, with the asset recently breaking above critical resistance levels at around $0.18. Trading volume has increased modestly, reflecting renewed investor interest post-protocol upgrade. The Relative Strength Index (RSI) is hovering around neutral territory (~52), indicating neither overbought nor oversold conditions. Fibonacci retracement levels place short-term resistance near $0.24 and support around $0.18. Successful retests of these zones, especially coupled with growing decentralized lending TVL (total value locked), could pave the way toward the next major price milestone in 2025. Market Sentiment Market sentiment toward Maple Finance remains cautiously optimistic. Social media monitoring (e.g., LunarCrush sentiment scores) shows a steady uptick in positive mentions, especially after institutional lending pools onboarded two prominent crypto fund managers in Q2 2024. The broader DeFi sector’s resilience during recent macro volatility has increased investor trust in projects with real-world use cases, such as Maple. On-chain metrics, including increases in unique wallet holders and protocol revenue, strengthen the bullish scenario. However, investor appetite will hinge on Maple’s capacity to sustain loan demand and respond to evolving regulatory guidance, particularly for non-KYC retail participants. In summary, factors align for a steady or rising SYRUP valuation through 2025, barring unexpected market downturns. For a deeper dive, visit Bitget’s Maple Finance Price Page and review CoinMarketCap’s latest data. Long-term Maple Finance (SYRUP) Price Forecast 2025, 2026-2030 (All price data are projections based on current fundamental and technical analysis, and subject to change based on evolving market conditions.) Long-Term Trends The long-term outlook for Maple Finance (SYRUP) draws optimism from the growing demand for on-chain institutional lending and the overall expansion of decentralized finance into the traditional financial sector. By 2026-2030, the DeFi landscape is expected to see greater integration with off-chain assets and the tokenization of real-world securities. Maple, with its focus on creditworthiness, compliant lending pools, and automated systems, stands out as a key contender to lead this paradigm shift. Ongoing partnerships and development upgrades will further cement SYRUP’s value. Growth projections also reflect increased protocol interoperability, more diversified lending pools, and potential cross-chain deployments. If Maple can consistently innovate, it is positioned for strong mainstream adoption, which could drive SYRUP’s price toward the upper bands of current forecasts. Potential Scenarios Best-Case Scenario: Maple secures high-profile partnerships with top-tier financial institutions, achieves notable TVL growth, and successfully navigates regulatory hurdles, driving SYRUP to $0.77 by 2030. Worst-Case Scenario: Regulatory obstacles, declining on-chain lending demand, or a major protocol exploit could constrict value, with SYRUP languishing near its current lows, potentially revisiting the $0.18 zone. Most Likely Scenario: Maple continues steady protocol enhancements and organic adoption, with SYRUP achieving price appreciation in line with the crypto market’s overall maturation, targeting $0.40-$0.58 by the end of 2030. Influencing Factors Several factors could materially impact Maple Finance’s long-term SYRUP price: Regulation: The introduction of clear DeFi regulatory frameworks in the U.S., EU, or Asia could boost investor confidence and institutional participation. Protocol Security: Continued focus on security audits and risk mitigation is vital to avoid loss of funds and reputation. Integration: Expansion into emerging DeFi sectors (e.g., RWA, tokenized carbon credits) and Layer 2 adoption could diversify protocol revenue streams. Community Governance: Active community involvement in decision-making and protocol upgrades often begets stronger loyalty and ecosystem growth. Macro Environment: Interest rates, global inflation, and digital asset regulations can either accelerate or dampen sector-wide performance. Factors Influencing Maple Finance (SYRUP) Price 1. Crypto Market Trends The trajectory of Maple Finance (SYRUP) is heavily shaped by overarching trends in the cryptocurrency and decentralized finance markets. The recent increase in both on-chain TVL and venture capital interest in institutional DeFi protocols has spotlighted projects like Maple as significant drivers of the next stage of blockchain-based finance. The increasing institutional appetite for compliant, revenue-generating DeFi products lends Maple a competitive edge over legacy and purely retail-focused lending solutions. 2. Technological Developments Maple’s ongoing commitment to protocol enhancements, such as Q2 2024’s overhaul of their credit origination process and integrations with risk management oracles, is setting new standards for DeFi lending. Future upgrades could include AI-powered credit scoring and multi-chain lending, making the protocol more resilient and attractive. These technological milestones, if realized, would likely drive positive price re-rating for SYRUP. 3. Adoption and Use Cases The successful onboarding of institutional borrowers and fund managers in 2024 has already provided tangible evidence of Maple’s use-case viability. Should the protocol successfully expand to additional sectors—such as tokenizing real-world assets or facilitating ESG-compliant lending—this could further fuel organic SYRUP adoption and price appreciation. Furthermore, the token’s central role in governance incentivizes long-term holding and participation. 4. Regulatory Environment Maple Finance operates in a regulatory gray zone, making its navigation of compliance and jurisdictional uncertainties a key variable. Positive moves, such as obtaining industry certifications or aligning pool management practices with major jurisdictions, could lead to a substantial influx of institutional money and spark renewed price momentum. Conversely, strict policy crackdowns would remain a downside risk. 5. Economic Indicators Like all cryptocurrencies, Maple Finance’s SYRUP is influenced by global macro indicators, including monetary policy, interest rates, inflation, and public market sentiment. In periods of high inflation or aggressive interest rate cuts, investors may flock to yield-generating crypto protocols, benefiting Maple. Periods of high risk aversion or financial instability could, however, limit upside. 6. Risks and Challenges Despite its strengths, Maple Finance faces non-trivial risks. These include increased market competition, potential smart contract vulnerabilities, borrower defaults, and liquidity shocks. Negative events or protocol exploits could trigger sharp sell-offs and damage investor confidence, similar to episodes affecting other DeFi lenders in the past. To maintain and grow its valuation, Maple must continue investing in security, transparency, and community alignment. FAQ Section 1. What will Maple Finance (SYRUP) be worth in 2025? Based on current expert analysis and technical trends, SYRUP is forecasted to trade within the $0.18 to $0.31 range in 2025, with an average value around $0.245. 2. What will be the value of Maple Finance (SYRUP) in 2030? Projections indicate the token could reach a maximum price of $0.77 by 2030, with the most likely scenario being $0.40-$0.58, assuming steady protocol adoption and positive market conditions. 3. Is Maple Finance (SYRUP) a good investment? While Maple Finance has demonstrated robust institutional demand and protocol innovation, investing in SYRUP entails market, technological, and regulatory risks. Prospective investors should conduct thorough research and consider diversifying their portfolios.

DevvE (DEVVE): Solving the Complex Challenges Inherent in Environmental, Social, and Governance with Blockchain

What is DevvE (DEVVE)? DevvE (DEVVE) is the cryptocurrency that powers the DevvX blockchain, a Layer 1 protocol engineered to support environmental, social, and governance (ESG) efforts with unparalleled speed, scalability, and affordability. While DevvE fuels transactions and governance within the ecosystem, DevvX provides the underlying infrastructure with patented architecture and cutting-edge features. How DevvE (DEVVE) Works Before talking about DevvE, it is important to discuss the structure of the blockchain that underlies its operation first. DevvX is designed to address the most pressing challenges in the blockchain space. It uses sharding as a solution that allows for horizontal scaling. Each shard is responsible for processing transactions and maintaining data integrity, and they all operate independently. Additional shards are added to the blockchain as transaction volume increases. The cross-shard mechanism facilitates seamless interaction between shards, ensuring that transactions can flow effortlessly across the network. This innovative approach not only enhances scalability but also provides a robust solution for architectural flexibility and interoperability. At its core of DevvX is a byzantine fault-tolerant consensus algorithm known as Proof-of-Validation (PoV). In PoV, Validators propose new blocks containing valid transactions, which are then evaluated by other Validators. Once a block receives validation from a predetermined threshold of Validators, it is added to the blockchain and associated with a shard. This process ensures the security and integrity of the DevvX network while enabling cost-effective transactions. Thanks to DevvX’s structure, DevvE's utility is multifaceted with three primary use cases as follows: Providing Trust Through Verification Nodes Central to DevvE's mission is the establishment of trust and transparency through Verification Nodes. These nodes, operated by DevvE holders, validate transactions and ensure the integrity of the DevvX blockchain. Powered by the Proof-of-Validation consensus algorithm, these nodes play a crucial role in maintaining the ecosystem's security and reliability. Funding Worthy ESG Projects to Generate ESG Assets DevvE acts as a catalyst for funding ESG projects that drive positive social and environmental impact. Through token sales and contributions, DevvE fuels the Forevver Association's investment fund, which supports green initiatives and generates ESG assets such as carbon credits and plastics tokens. This funding mechanism empowers individuals, corporations, and governments to actively participate in building a sustainable future. Payment DevvE serves as the primary payment mechanism within the DevvX ecosystem, enabling seamless transactions for ESG assets and services. DEVVE Goes Live on Bitget DEVVE offers a unique utility, serving as the backbone of the DevvX blockchain ecosystem, which revolutionizes ESG investing with unparalleled speed, scalability, and affordability. As a leading crypto exchange, Bitget provides a secure and reliable platform to trade DEVVE tokens with confidence. Whether you're a seasoned trader or new to the crypto market, Bitget's intuitive interface, advanced security measures, and dedicated customer support ensure a smooth journey into the world of digital assets. Join Bitget today and explore the possibilities of trading DEVVE tokens with ease and peace of mind, while contributing to a sustainable future through ESG investing. How to Trade DEVVE on Bitget Step 1: Go to DEVVEUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell. DevvE and DevvX represent a paradigm shift in ESG investing, offering a sustainable and transparent alternative to traditional financial models. With its focus on trust, funding, and payment solutions, DevvE empowers individuals and organizations to make meaningful contributions to environmental and social causes. Trade DEVVE on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Bitget's Insights: How the Entire Ecosystem Will Benefit From the Merge

We have been waiting for The Merge for a long time, now it's time! In this quick AMA session with Gracy Chen - our managing director, let's find out now what The Merge will change, what are the positive and negative points and finally what will happen to mining after The Merge. Question 1: What are your views on the Ethereum Merge process? Ethereum is in the process of making its transition as the protocol is currently based on PoW and will switch to PoS. It is a historical event, an incredible technical feat, and at the same time a huge risk. This explains why there are a lot of expectations around this and what will happen. First of all, it is important to mention that the entire ecosystem will benefit from the progress offered by Ethereum. Ethereum is fighting some big battles and is trying in a slightly different way compared to all other protocols. In our opinion, Ethereum will continue to be inspired by Bitcoin regarding the security aspect and resistance to censorship, which is a current topic with the Tornado Cash affair in particular. Neither Bitcoin nor Ethereum system is perfect. However, Ethereum's move to a Proof-of-Stake consensus is a good try because we will have two protocols with different attack vectors so both Bitcoin and Ethereum will come out stronger, especially regarding potential attacks towards governance. Question 2: What will the Ethereum Merge change? In technical terms, it is important to understand that this transition is only the inception of the new roadmap of Ethereum, which is well devised, established, and moreover, smoothly executed until now. So we are now approaching ETH 2.0. This is a key point for Ethereum‘s development for the next 5 to 10 years. Ethereum will change from PoW to PoS so the criteria to become validators will be different. The major issue of this change is based on a Beacon Chain that runs in parallel to Ethereum, and this chain is already active. Some players have been running on this PoS chain for a while, where they stake ETH to become validators, but there are no transactions running yet. Transactions are being executed on the main chain currently known as Ethereum. The idea of this transition is, roughly speaking, to deposit ETH on a smart contract of ETH 1.0 and to recover them on a contract of ETH 2.0 to make validation. The Merge will only keep one chain on which the execution and also the consensus part will take place. Thus, the transactions will now be included in the Beacon Chain. Ethereum's monetary policy will change with an Ethereum asset that will become deflationary. Question 3: Do you see this transition as positive or negative? Regarding Proof-of-Stake, there are many potential boons. Among them, the most noticeable one is the improvement in energy efficiency. The Merge gives a green color to Ethereum. We are very curious to see the impact introduced by this change on institutional players. We know that many are reluctant to use Ethereum because of the energy-consuming concern of Proof-of-Work, such as some traditional investors or theme funds restricted by ESG elements. We can expect this may serve as a trigger, or help remove barriers for some potential players and see a wave of massive adoption of institutions because Ethereum is now much more environment-friendly. There are always risks along with change. The main risk is undiscovered bugs during the testing phase. The risk is somehow amplified and mitigated by the fact that there are several implementations on ETH, unlike BTC. It means that several different teams are working on implementations of the protocol. Maybe there is a special case that the developers have not identified through the different interpretations of the protocol. The risk is that there are several forks in fact and the chains split. This already happened. If it really happens, there will be solutions to alleviate the negative impact, because it happened several times and there are several approaches to "save" the network. Now, some technical solutions and plans are ready, to react quickly to correct bugs on the mainnet. As the Merge is an extremely huge change, almost all are expectant. But an unexpected bug may cause a real problem and trigger fear in the market, making the fear sentiment dominate the market again since it is a negative omen for many developers and projects. Even worse, some stakers may take advantage of the lack of information transparency or spread negative information to derive profits. Finally, another possible risk is that there may be a fork of ETH in Proof-of-Work. Because miners have financial interests and motivations to stay with the PoW mode. After the shift from PoW to PoS, miners' hardware will no longer be useful, and they may be forced to sell them. Moreover, some centralized exchanges could be potential participants to maintain the chain of PoW as well, since they could generate the trading volume of ETH on this chain. Question 4: Can you elaborate on where will mining go after Ethereum Merge? Mining is still important to Bitcoin. The calculating power of mining may go there. Bitcoin Ethereum are complementary, not competitors. For a long time, we wanted ETH to become a real currency just like Bitcoin. The result is not as expected. EIP-1559, an update to Ethereum, makes Ethereum a better cryptocurrency because it has interesting features but at the same time, it has set a precedent of changing monetary policy along the way, so we can no longer categorize it as "hard money" or take it as similar assets as Bitcoin. Once there are 21 million Bitcoins in the world, no more Bitcoins will be created, ever. The existing supply will be the defining amount for all time. That is what makes Bitcoin a form of “hard money” that may be even more valuable than gold in the future. Bitcoin is gaining traction in the mainstream and become an investment tool to hedge against inflation and diversify portfolios. Thus, if the return on it is high enough with its increasing value, then more people may seek to secure the network and amass mining power from Ethereum. Further reading Post-Merge: 5 Facts You Need to Know Things you need to know about the Ethereum 'Merge' What is the Proof-Of-Stake (PoS)? How is it different from Proof-of-Work (PoW)? Different Token Standards on the Ethereum Blockchain Follow Bitget Academy for more insights: Twitter | Telegram | LinkedIn | Facebook | Instagram