From the last section, "Implications", we read > The lower long-run return of cryptocurrencies, relative to equities, is inherent to the asset class, because c

From the last section, "Implications", we read > The lower long-run return of cryptocurrencies, relative to equities, is inherent to the asset class, because cryptocurrencies do not generate any cash flows. Ether and other proof-of-stake coins can generate income through staking: https://www.thestreet.com/crypto/markets/fidelitys-ethereum-etf-seeks-secs-permission-for-staking https://www.thestreet.com/crypto/markets/fidelitys-ethereum-...