@dan8
Bank of Italy research highlights the potential effect of a collapse in ether's price on Ethereum's ability to function as a financial settlement infrastructure.
Economist Claudia Biancotti argues that a significant drop in ETH value could lead validators to shut down, weakening Ethereum's security and reliability.
The study suggests that Ethereum's role in financial systems makes its token economics a concern for regulators, who may need to consider safeguards for its use in regulated finance.