I am new in crypto and I have a question about eth gas and coin price and the comparison to BTC, as the 2 biggest crypto. .
Everyone is saying eth price can be 10x from today's price in xxxx years. Let's say in 4 or 8 years, eth does 10X or 20x
Since we pay transaction gas in eth, so the gas fee, in usd, would also be 10x. meaning we are looking at $3000/transaction. Wouldn't this kill the eth network? I can hardly imagine anyone want to use eth anymore.
In other words, increased eth price --> increased gas fee in USD --> less user --> less demand --> decreased eth price. That seems like a self-destructing cycle.
In contrast, BTC does not have the same problem as a store of value coin and not running all the NFTs and Defi applications on....As the adopting increase, the coin price just rise along with it and no self-limiting factor that I can see.
Do I understand this correctly?
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