Arthur Hayes Urges People To Watch The ETH Issuance Chart, Faces Backlash 

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BitMEX’s ex-CEO Arthur Hayes believes that investors should keep a close eye on Ethereum’s Issuance Chart. Reports speculate that Ethereum may become deflationary post the Merge, with its issuance ranging between -0.5% to -4.5%.

A plunge in net daily issuance will increase the cryptocurrency’s scarcity, hence potentially boosting its price. However, Twitter users had contrasting views to Hayes’, arguing that the price chart is the only chart that actually matters. Previously, Hayes had predicted that the Ethereum price would be able to conquer the $3,500 level if the Merge ends up being a success.