How high can Bitcoin rise in this bull market? Ethereum still has two benefits that have not yet materialized!
If it hit 7w last night, then we can look forward. But there is no hit to 7w at present, so we must remain cautious! !
I also want to talk about two important benefits that are coming to Ethereum.
The first is the approval of Ethereum ETF staking. This could significantly increase demand for spot Ethereum ETFs. While an ETH staking yield of around 3.2% per year may not seem like much, the fact that ETH has a lower annual inflation rate and the benefits of staking may make ETH more attractive to some institutions than BTC.
The second positive is the release of Pectra, the next hard fork of Ethereum. This major upgrade is expected to occur by the end of the fourth quarter of this year or the first quarter of 2024.
So don't worry about insufficient liquidity on the market, lack of money for retail investors, etc. This is not a problem. We do not need/cannot know the specific source of funds. We only need to believe in the laws of nature. The final stage of the bull market will definitely come.
