How will Bitcoin React to Ether Merge?

The blockchain behind Ethereum will attempt to do what no major blockchain has ever done, with plans to switch consensus mechanisms and protocols from proof-of-work to proof-of-stake. One of the biggest questions on the market now is: What impact will this transition have on the dominant cryptocurrency, bitcoin?

According to some experts, not much. The biggest impact will naturally be felt by Ethereum itself. The first and most critical step is for Ethereum to successfully execute the Merge. If the Merge fails, it would be catastrophic for the Ethereum community. However, this negative outcome is highly unlikely due to the extensive amount of testing the network has undergone over the past months.

The immediate impact of the Merge on Bitcoin will probably be minimal. As for ether’ in relation to bitcoin, most experts seem to agree that any resultant price movements will likely be transient. After all, Ethereum’s switch to proof-of-stake has been on the network’s to-do list from inception.