TechFlow news — BitMEX founder Arthur Hayes recently published a blog post arguing that ETH should be viewed as a bond due to its staking yield and consumptive nature in running the network after The Merge. He elaborated from multiple angles, including network fundamentals, why he believes ETH is currently undervalued. Arthur Hayes suggests that ETH staking should be seen as a high-risk-reward bond; assuming no change in the ETH/USD exchange rate, the USD-denominated return could reach 29%, which would attract significant interest from traditional bond investors. Additionally, due to PoS's environmentally friendly characteristics, ETH will align with ESG standards, potentially drawing in additional capital.
Moreover, Arthur Hayes predicts that by the end of this year, ETH will reach $10,000.
