RE: Ethereum EIP 1559 - The Key to $10,000+ ETH?

The EIP 1559 will turn Eth into the biggest value investment ever, warren buffet style.

Basically, businesses on eth will compete for blockspace. This will increase gas price and will increase the amount of burnt ETH.

This in turn will reduce the Eth supply (deflation) and push the price up. Once this starts happening, business will pay higher and higher prices in dollars, even if fees stay the same in terms of ETH.

This is key, because rising prices of fees will kill the weakest business (games, social medias, etc), while DeFi business will probably survive.

Once businesses start to die, it will free up some blockspace and reduce the amount of coins burned. This will stop the deflation and stabilize prices, probably with a 0% inflation, if businesses have a low turnover.

Now the key question is, at what price will the inflation be 0%? We know that if we had the EIP with today's use, Eth would be burned net. So that price is higher.

To calculate that price, one must know and understand the business model of the biggest players on ETH, and then estimate how much they would be willing to pay in fees per year.

Interesting to see how the market will treat this opportunity.