Said on Mar 10, 2026, at 17:19 in the video.
“They note that ETH's inflation rate will likely climb higher than the current 0.8% and that Ethereum will continue to lose mindshare to competing chains like Solana and could even be cannibalized by its own layer-two ecosystem.”Consumer price index (CPI): U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.
Somebody else's forecast — not scored
investment than other assets. However, the report notes that neither claim holds up. While ETH staking offers about a 2.7% annual yield, US treasuries, widely considered the safest investment, yield around 4.1% per year. On top of that, ETH is slightly inflationary at 0.8%. Now, given that ETH's value has dropped while treasuries remain stable, Bitmain clearly would have been better off playing it safe. As such, the authors make a number of damning predictions about Ethereum's future. They note that ETH's inflation rate will likely climb higher than the current 0.8% and that Ethereum will continue to lose mindshare to competing chains like Solana and could even be cannibalized by its own layer-two ecosystem. They note that this deterioration is already happening before our very eyes and state that {quote} in the end, ETH holders will be left with little of economic substance. We are short and think ETH is headed lower. And with that, we've reached the end of the report. And remember, you can find a link to the full version in the description below. But right now, you're probably all wondering what this means for Ethereum's future. Well, while Fusaka seems to have done more harm than good,
What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.
Graham Stephan, relaying another source: a call with no clear direction
“they're now expecting interest rates to increase a little bit in 2026 before falling back down again in 2027 and once again in 2028. They also expect inflation to remain elevated at 3.6% throughout 2026 before eventually falling back down again.”
Jun 17, 2026
Graham Stephan, relaying another source: Inflation will rise to 3.6%
“They also expect inflation to remain elevated at 3.6% throughout 2026 before eventually falling back down again.”
Jun 17, 2026
Graham Stephana call under review
“First, taxes are going up.”
Jun 1, 2026
Graham Stephana call with no clear direction
“First, we could see inflation slowly subside and yields come back down on their own, or yields keep going up and eventually the Federal Reserve has to step in.”
May 18, 2026
Graham Stephan, relaying Goldman Sachs: Inflation — around 1%
“Goldman Sachs estimates that this would still push inflation up by 1% through mid-2026.”
Apr 20, 2026
Coin Bureau, relaying Federal Reserve: Inflation will fall to 2.7%
“the Federal Reserve's recent summary of economic projections insists that inflation will magically settle at just 2.7% over the exact same time frame.”
Apr 9, 2026
