Ethereum Upgrade’s Perks Include Crypto Deflation

The Ethereum “Merge” may have a big impact on the blockchain’s native token Ether.

Photographer: Chris Ratcliffe/Bloomberg

Welcome to Bloomberg Crypto. In today’s edition, Olga Kharif discusses a possible side benefit of Ethereum’s coming big update.

At a time when the world is worried about inflation, Ether -- the second-biggest cryptocurrency -- is moving toward deflation. And for proponents, it props up their bullish case.