‘Considerable Uncertainty’ Encircles ETH 2.0, Asserts Fund Manager

‘Considerable Uncertainty’ Encircles ETH 2.0, Asserts Fund Manager

According to the fund manager, the upcoming and anticipated version of ETH 2.0 may not have a positive impact on the Ethereum network, as expected.

Even though there is a lot of unrest in the crypto community, not everyone is excited. Kelvin Koh of Spartan Group, a crypto hedge fund, and financial advisory company, said the company is still very unsure of Ethereum’s new update. In a recent tweet, responding to a question about a BTC and ETH collision with each other, Koh said:

[At the moment] I am more bullish on $BTC. [The Spartan Group is] observing the ETH 2.0 transition closely to understand the crypto-economic implications and impact on $ETH price. At some point, we may turn more bullish at $ETH. It is a big event but at the moment there is considerable uncertainty.”

Ethereum 2.0 Network Update
Last year, Ethereum announced plans to launch a new network update – Ethereum 2.0. The update will solve all technical problems on the network, as well as increase the speed of transactions.

However, other analysts think otherwise. VC professor and crypto manager Adam Cochran believe that Ethereum 2.0 will positively bring about “the biggest economic shift in society.” In support of his claim, Cochran, among other things, noted that the introduction of Proof of Stake would significantly reduce ETH inflation.

Despite this, experts believe that Ethereum 2.0 may not start shortly.

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.