Happy Wednesday, Wise Owl Nation!

Today is another weird day, but I have good news to share about the Ethereum Merge!

While the crypto market as a whole is down, one thing that never changes is that the Ethereum development core never stops! So while other blockchains melt and get investigated by the SEC, Ethereum keeps building and checking off boxes on their merge checklist.

Today's short newsletter shares the most likely month of the merge (for real this time) and reminds you why the prince of ETH might never be below 2k again.

You can find all past issues (including this one) here. 

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🦉💰 Wealthy Owl Thought(s) of The Week: ETH Merge When?

I'll get right to the point, the merge is most likely happening in August.

It's happening then if the final testnet merges are successful.

Prior to the testnets being merged, the core developers ran tests called "shadowforks" which were simulations of the merge in a development environment. It perfectly mimics the actual merge, but helps the developers find bugs.

The last three shadowforks have gone extremely well, allowing the Ethereum development core to unanimously agree to move on to true testnet merges.

There are three of them and they will be done over the next few weeks. If everything goes to plan then the true Merge will happen in August.

What does this mean for ETH?

It means that the price will likely go up, a lot.

How high? No clue.

Right now the price of ETH is determined by speculation and to a smaller degree, supply/demand. But right now the Ethereum network is secured by miners, who sell millions of ETH every week to pay for the cost of running their miners.

So currently the price of ETH is, in part, affected by a consistent selling of millions of ETH.

When the Merge happens, there will be no ETH for the miners to sell, because there will no longer be any mining. So, overnight, millions of ETH will disappear from the global liquid supply, drastically reducing the available ETH to purchase.

So the price to buy that ETH will have to go up.

This is the most basic of reasons why the price will go up and stay up, but it is extremely potent.

I keep screaming this stuff at you all because you are consistent readers of my humble little newsletter. Many people are screaming about this, but by and large most of the cryptoverse are focused on their coins and their blockchains, not wanting to listen or believe the writing on the wall.

I hate people that hype bullshit. I rarely ever recommend anything other than books and concepts. This newsletter is 1/3 about building wealth, and buying ETH right now is one of the greatest deals in decades.

I bought most of my ETH at ~$200 a coin, and I am more excited about the current price of ETH than I ever was back when it was at $200.

None of this is investment advice of course, I am just sharing my opinion on what I would do if I was you.

If you pull the trigger, invest what you're comfortable losing.

You won't lose it, but you won't freak out as much when the prices swing.

Alright, time to go back to work!

Have a great week!

This concludes our issue this week, I hope it gave you some perspective or injected a little motivation into your life!

If it helped, let me know! I read every newsletter response I receive, and I absolutely love hearing from all of you. This newsletter is for you, so I need your help to make it as great as possible.

If you'd like to show me some love for writing all this free stuff, you can always buy me a coffee.

More Resources

I will be adding to this section over time as we find resources that will help you all.

• Check out the Wise Owl Store
• All Wise Healthy Wealthy Articles on Medium
• Start your own Sendfox Newsletter
• Free products to help you level up

Crypto Resources

The Bankless Podcast: This is a link to the bankless podcast on Spotify. Start from the very beginning and learn why I am so positive about the power of Crypto and Ethereum in particular. You can find the podcast easily on the internet, but I am linking to episode 1 on Spotify for your convenience.

Buy your first ETH or BTC:

• On Coinbase - this is the easiest starting place for the newest beginners
• On Gemini - Another great option founded by the Winklevoss brothers. They are based out of New York.
• On Kraken - Kraken has a bit of a harder user interface, but they already have ETH staking enabled with the push of a single button.

Earn interest on your crypto

• BlockFi - Currently, you can earn 4% interest on BTC, 5% interest on ETH, and a whopping 8.5% on stable coins like USDC. Use the referral code b09f24fd to support the newsletter. BlockFi is currently not accepting new customers from the USA for its Crypto Savings Account. Non-US customers are still welcome.

Other tools:

• Argent Wallet - This is the best mobile wallet for Ethereum, Defi, and all things on the Ethereum network, including staking. They even have plans to implement Layer 2 to remove network fees.
• Ethhub - this is a weekly newsletter that lists out all the interesting news, articles, and tweets that have happened in Crypto that week. It's free and awesome.
• Ethdashboard - A simple dashboard to look at various metrics in the ethereum space. I mainly use this as a quick tool to check ETH gas fees.
• Cointracker - this is one of the better tools for tracking all of your various crypto across all of the various wallets, exchanges, etc. You can also use them to do your crypto taxes each year.
• Metamask - this is a crypto wallet that you can access from your browser and allows you to easily interact with blockchain apps online.