Ethereum Will Hit $5,000 After ETFs Launch, Predicts Bitwise Exec

Ethereum's low inflation rate and substantial staked supply compare favorably to Bitcoin, writes Matt Hougan.

Matt Hougan, chief investment officer at Bitwise Asset Management, forecasted on Wednesday that the price of Ethereum could surge past $5,000 following the launch of Ethereum ETFs.

"[ETF] inflows will push prices to all-time highs, above $5,000," he declared. “By year-end, I’m confident the new highs will be in.”

Hougan's prediction is grounded in the belief that ETF inflows will significantly impact Ethereum's price by creating new sources of demand—similar to what was observed with Bitcoin after its funds launched. But it will take some time.

“I think the first few weeks could be choppy, as money may flow out of the $11 billion Grayscale Ethereum Trust (ETHE) after it converts” to an ETF, he wrote.

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