Is post-Merge Ethereum PoS a threat to Bitcoin’s dominance? By Cointelegraph

While fans are enthusiastic about the successful Merge, Swan CEO Cory Klippsten believes the upgrade will lead Ethereum into a “slow slide to irrelevance and eventual death.”

According to Klippsten, the Ethereum community picked the wrong moment for detaching the protocol from its reliance on energy. As many parts of the world are experiencing severe energy shortages, he believed the environmental narrative is taking the back seat.