🔥🔥🔥 $7,000 Price Claim for Ethereum ($ETH ): Experts Discuss
The launch of Ethereum spot ETFs appears imminent, with industry insiders suggesting a potential rollout before July 4th. Following VankEck's form 8-A filing, Bloomberg Intelligence analyst Eric Balchunas sees this as a positive indicator for a launch around July 2nd.
Lekker Capital's Quinn Thompson views the current bearish sentiment among crypto investors as potentially setting the stage for bullish developments. Thompson predicts a period of calm as sellers exhaust their positions, followed by a significant market realization. He anticipates a potential catalyst from positive flows into spot #ETHETFS at launch or competitive fee offerings among ETF issuers. Thompson boldly forecasts Ethereum reaching $7,000 and Bitcoin aiming for its first attempt at $100,000 by the November elections.
Bitwise's Matt Hougan projects Ethereum ETFs could attract $15 billion in net flows within their first 18 months, drawing insights from established crypto ETF markets in Europe and Canada. While this figure is lower than the $56 billion in US #BitcoinETF investments, Hougan sees it as a notable milestone. However, he warns of initial net outflows as investors transition from Grayscale's Ethereum Trust.
QCP in Singapore looks to the potential Bitcoin ETF launch for market indicators, suggesting a possible 60% rally post-launch, which could position Ethereum around $5,430 in subsequent months.
Joe Lubin, Ethereum co-founder, anticipates increased ETH demand post-ETF approval, foreseeing supply constraints driving higher prices. Bernstein analysts project spot Ethereum ETFs could boost ETH prices by 75% to $6,600, drawing parallels with Bitcoin ETFs' impact on market dynamics.
*This information is provided for informational purposes and does not constitute investment advice.
Source - en.bitcoinsistemi.com
