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#SupplyGate and the Battle to Frame Crypto’s Next Bull Run
Why the ether supply dust-up was about much more than the supply of ether.

Why the ether supply dust-up was about much more than the supply of ether.
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today on the Brief:
- WSJ study finds TikTok was tracking data in a way that broke Android rules
- The latest Core Inflation statistics
- MicroStrategy stocks pops 10% after cash to bitcoin announcement
See also: How Much Ether Is Out There? Ethereum Developers Create New Scripts for Self-Verification
Our main discussion: What’s the Ethereum #SupplyGate really about
NLW breaks down:
- The historical narratives bitcoiners and ether advocates hold relative to one another
- The history of dominant narratives in crypto over the last three years
- Why the next bull market is poised for a twin narrative combining bitcoin as a hedge against fiat debasement and DeFi as a money-making sandbox
- What happened with #SupplyGate
- Why #SupplyGate is as much about narrative competition as it is about the supply of ether
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
Nathaniel Whittemore
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.
