Critical Analysis: Was Ethereum’s ‘Ultrasound Money’ a Failed Thesis?
March 15, 2026 — Global cryptocurrency markets continue to scrutinize Ethereum’s foundational economic thesis as new data reveals a stark performance divergence. Since Ethereum’s landmark transition to Proof-of-Stake in September 2022, Ether (ETH) has declined approximately 65% against Bitcoin (BTC), challenging the network’s “ultrasound money” narrative that promised superior scarcity dynamics. This underperformance, documented across […]
