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Pierre Rochard, CEO at The Bitcoin Bond Company, points to the reported figure of 121 million ETH in circulation and expresses concerns over its continued increase without any set limit.
Rochard questions the verifiability of the supply numbers and highlights the lack of a cap on ETH issuance.
Rochard has previously compared regulatory approaches, noting a marked difference between the Biden administration’s 2024 EIA Bitcoin miner survey and earlier, more voluntary practices in comments on crypto policy. In a separate analysis, he argued that the U.S. is implementing the Chicago Plan in a way that subsidizes government debt, drawing parallels between rewards and fiscal measures in his review of U.S. monetary policy. These recent remarks on ETH’s supply follow a series of public statements addressing transparency and monetary frameworks.