TechFlow reported on January 16 that Garrett Jin, agent of "1011 Insider Whale," posted on X stating that while people refer to Bitcoin as "digital gold" and potential money, Ethereum can also serve as money. ETH currently has an inflation rate of approximately 0.8%, which represents manageable inflation. With moderate inflation and real-world utility (DeFi, stablecoins, L2), ETH is fully capable of functioning as money. The argument that "inflation means it cannot be money" is invalid because economies require an expanding money supply to match GDP growth. A completely closed monetary system would allow early holders to passively capture all gains, permanently excluding new contributors—akin to authoritarian regimes hoarding wealth. Only moderate inflation can gradually dilute entrenched wealth, enabling broader participation from everyday contributors and driving healthy growth.
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