WHY WILL ETHEREUM BEAT BITCOIN?
Will the flippenning happen? Will ETH flip and beat BTC? What are the conditions for that to happen? We have one of the best traders and popular investors in the world JayNemsis join us in the show!
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#StockSmarts #Ethereum #Bitcoin
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Bitcoin’s price rally has stalled after a blistering start to the year with ethereum, the second-largest cryptocurrency after bitcoin, also falling sharply from its peak.
The bitcoin price has lost a third of its value since soaring to almost $65,000 per bitcoin in April while the ethereum price has crashed by almost 50% from its mid-May high—though ethereum’s rally has dwarfed the bitcoin price surge over the last 12 months.
As Wall Street giants and retail investors flood the crypto market, traders are trying to predict whether ethereum will continue to outperform bitcoin—with $100 million digital asset investment manager Two Prime’s chief investment officer forecasting ethereum will eventually “flip” bitcoin.
Ethereum (ETH) could be worth $4,596 by the end of 2021, according to the latest quarterly Ethereum Price Predictions Report.
Report author Finder.com’s global panel consists of 42 senior cryptocurrency specialists and academics who were asked to give their thoughts and price forecasts for ETH. Longer term, the panel predicts ETH could hit $17,810 by the end of 2025 and $71,763 by the end of 2030.
CoinFlip founder and chief advisor Daniel Polotsky gave forecasts in line with the panel average and expects ETH will be worth $4,000 by the end of the year, before skyrocketing to $64,000 by 2030.
“Ethereum’s price largely follows Bitcoin’s halving cycles, although that relationship may begin to decouple as time goes on, and as Ethereum continues to develop use cases that Bitcoin cannot achieve. Then, its price may grow at a faster rate than Bitcoin’s,” he said.
Both Morpher CEO Martin Fröhler and RealFevr’s head of blockchain Pedro Febrero see ETH topping $10,000 by December 2021, with Fröhler adding, “Ethereum has the potential to power the future global financial