Hello, I purchased ETH as an investment about 5 years ago via Coinbase and now I stake it through that platform. I am still learning about the entire crypto ecosystem (taking a class at the moment). One question I have is regarding ETH -- as I understand it, the literal gas that powers transactions within the ethereum network.
It certainly seems to be a commodity ipso facto - but regardless - if the amount of eth will continue to grow as the ethereum network, applications and defi use cases do, won't that devalue eth as more and more becomes available? By comparison, bitcoin has a cap on the total number of bitcoins that will be mined which seems to make it deflationary.
so if millions of people are just staking ethereum as an investment, then more and more is being held which would seem to lower its value.
I don't know much about economics so any ELI5 is useful :) and I apologize if my thinking is incorrect thank you
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