"1011 Insider Whale" Agent: Controlled Inflation and DeFi Utility Support Could Give ETH the Foundation for Monetary Attributes

Odaily reported that Garrett Jin, the agent for the "1011 Insider Whale," stated on platform X that while people call Bitcoin "digital gold" and a potential currency, Ethereum can also become a currency. The argument that "inflation means it cannot be a currency" is invalid because economies need an expanding money supply to match GDP growth. A completely closed monetary system would allow early holders to passively capture all gains while permanently excluding new contributors, which is no different from authoritarian regimes hoarding wealth. ETH's current inflation rate is approximately 0.8%, which is a controlled inflation. With moderate inflation and real utility (DeFi, stablecoins, L2), ETH can fully function as a currency. Only moderate inflation can dilute entrenched wealth over time, allowing more everyday contributors to participate fairly and drive healthy growth.