Abra’s CEO predicts that Ethereum’s price could reach $ 40,000. He is more bullish on Ethereum than Bitcoin.
Abra CEO predicts Ethereum price
In an interview with CNBC on Friday, Bill Barhydt, CEO of crypto trading platform Abra, shared his thoughts on why Ethereum is more bullish than Bitcoin. The current price of cryptocurrency.
Barhydt explains: “Ethereum’s network effect is based on this idea that it has the potential to become a computer in the world. It is used in Stablecoin, NFTs. [non-fungible tokens]Defi [decentralized finance] … and I’m playing a game now. “
The CEO expects “when stakes come” and “a large influx of people trying to hold Ethereum.” Comparing the network effects of Ethereum and Bitcoin, he states:
The short-term Ethereum network effect is actually more bullish to me as the use cases are just beginning.
He continued. “If gas and transaction prices go down, it’s a proof of stake promise. Be aware that now all the obstacles to these network effects are out of the way.”
However, executives warn: You may see some sort of news selling pullback. “
Nevertheless, Barhydt said without mentioning a specific time frame:
I think you are potentially talking about $ 30,000 – $ 40,000 Ethereum.
He states: “It’s deflation. Use cases are going through the roof. In my opinion, all the stars are now lined up on Ethereum.”
On the other hand, Finder.com’s FinTech expert panel is less bullish than Abra CEO. The panel previously predicted that ETH would reach $ 50,788 by 2030. The estimate has been reduced to $ 26,338. At the time of writing, ETH is trading at $ 2,518. Based on data from Bitcoin.com Markets.
What do you think of Barhydt’s Ethereum price forecast? Let us know in the comments section below.
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