Ethereum has been on an incredible run in 2021 and new millionaires are being created left and right, but the current crash has made everyone wonder if we should invest now? or if the bull market has ended. In this video, I will go over what Ethereum actually is in case you want to invest in it, and the things we should know before investing in this cryptocurrency. I'll also talk about my take on whether or not its a good investment. Enjoy!

0:00 Intro
1:04 Ethereum

► Get 4 FREE stocks on WeBull when you deposit $100 (Valued up to $1850):
https://act.webull.com/te/dRCHtFl2aLH...
► Get up to a $250 in Digital Currency: https://blockfi.com/WagnerSaucedo

Now, I fist covered bitcoin last year when I first started this channel, and since this is the first time covering Ethereum on my channel, I will explain what it is, but if you’re already an ethereum expert then be sure to skip the first part of this video, but if you feel like you don't understand the technology behind what makes Ethereum to special, then be sure to stick around, because in reality its really just a lot more than the second largest cryptocurrency. But what's more surprising is that, Ethereum is the network, and Ether is the cryptocurrency, and oftentimes you will hear people and articles talking about the crypticucurency when they say ethereum, but Ether is the name of the currency.

In july, we have some major ethereum upgrades coming up and one of them being the EPI 1559 in july, and the shift from proof of work to proof of stake in november or december, and these changes are going to make ethereum's transaction fees much lower and ethereum will become deflationary, and also the complete elimination of mining, which will reduce carbon footprint by 99 percent, and this will make ethereum a green technology..

And this brings me to what Elon Musk just tweeted about, where he said that Tesla will no longer be accepting Bitcoin as a payment because of the rapid increase of fossil fuels in bitcoin mining and transactions, you may agree or disagree with Elon on this…

But once Ethereum 2.0, it’s going to make ethereum faster, and in addition its going to be more environmentally friendly, and if Elon does decide to somehow incorporate Ether as a form of payment, then that could send the price higher than 10,000 dollars to the $25 thousand dollars some people have predicted for the current bull cycle that we are in right now…

Now, I know that there are other cryptocurrencies out there, such as cardano, who is right now the third spot of kilowatt consumption.. And cardano was actually founded by Charles Hoskinso, who was one of the co founders of Ethereum,

And just a full disclaimer, I own both Ethereum and Cardano, but remember to just always do your own diligence before investing in these cyrptocurrencies.

Now consider this. Will you be able to sleep at night if the value of your investment dropped by 20%? What about 50%? Cryptorrucnies overall are risky, so make sure you're ready to strap on for a wild ride before investing, because from what we’ve seen in the past week, things could get even uglier in the short term, but remember when in doubt, zoom out, and don't look at your account.

So be sure to watch the video "The TRUTH about Ethereum (Should You Invest Now?)" to understand this cryptocurrency and to help you decided if you should be investing in it.

Thanks for watching! don't forget to subscribe!

Disclaimer: DISCLAIMER: You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based on personal experience. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment.

AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe