Vitalik ‘Pivots’ ETH To Store Of Value, Crypto Suffers After US Election: Hodler’s Digest
Buterin said fee burns are an unreliable valuation anchor as lower network activity and cheaper layer-2 transactions reduce ETH destruction and can leave supply growing.
- On Sunday, November 8, 2026, Ethereum co-founder Vitalik Buterin stated the fee-burning mechanism "was never a true floor" for ETH's price, arguing the network should prioritize decentralization and security over maximizing fee destruction.
- The fee burn was previously linked to the "ultrasound money" concept, promising increased scarcity; however, network data shows Ethereum has been minting more ETH than it burns as fee revenue declined following the March 2024 Dencun upgrade.
- Buterin explained that optimizing for fee-burning could negatively impact "decentralization and CROPS"—referring to censorship resistance, open-source development, privacy, and security. ETH trades at $2,226, down 1.6% over the past week.
- Held Media founder Dan Held derided the comments as "wild," arguing ETH is pivoting to Bitcoin's store-of-value narrative; MetaLeX attorney Gabriel Shapiro called it a "nature is healing moment," suggesting ETH could be a better store of value than Bitcoin.
- Ethereum Foundation researcher Justin Drake is targeting December 2028 to complete the network's post-quantum and post-AI transition, a year earlier than the foundation's previous deadline, with developers having 24 months to deliver three additional network upgrades.
21 Articles
21 Articles
Cointelegraph
The New York LedgerVitalik ‘Pivots’ ETH To Store Of Value, Crypto Suffers After US Election: Hodler’s Digest
Transactions are surging but fee revenue isn’t, which may be why Vitalik wants ETH to embrace a store of value narrative. Crypto industry weighs implications of Democratic sweep.
Vitalik Buterin Says Ethereum's Fee Burn Was Never a Price Floor. What Is Holding ETH at $2,200?
The post Vitalik Buterin Says Ethereum’s Fee Burn Was Never a Price Floor. What Is Holding ETH at $2,200? appeared first on 24/7 Wall St..Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin shared his thoughts in a post on November 8, 2026, stating that the Ethereum fee burn “was never a true floor” for the asset’s price. He suggested that investors should view ETH more as a store of value, an asset people hold to maintain wealth over time. The fe…
Vitalik Pivots ETH to Store of Value as Crypto Drops Post–US Midterms
Ethereum’s creator Vitalik Buterin is pushing back on an increasingly popular narrative that the network’s value should primarily be tied to transaction-fee burn. In a public thread, Buterin argued that optimizing Ethereum around fee-burning “never was as strong as it seemed,” warning that a narrow focus on burns could dilute two core priorities: decentralization and [...]
Vitalik Buterin questions the 'ultrasound money' and places the value reserve as the real basis of ETH's price. The entry Vitalik Buterin shakes Ethereum: ETH is worth $2,200 as a value reserve, not for burning commissions aparece primero en Merca2.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
