#MetaFide CEO Predicts #bitcoin☀️ to Hit $100K and Ethereum $4K by Year-End
Frank Speiser's Bitcoin and Ethereum Predictions on #Bloomberg TV
- On August 13, Frank Speiser, CEO of Metafide, discussed his predictions for Bitcoin and Ethereum during an interview with Tim Stenovec and Katie Greifeld on Bloomberg TV.
- Speiser projected Bitcoin could reach $100,000 by the end of 2024, up from its current price of just under $60,000. He attributed this potential rise to increased demand from new market participants, including nation-states and spot ETFs.
- Nation-states might drive demand, potentially influenced by former President Trump’s suggestion of a strategic Bitcoin reserve. Spot ETFs have consistently bought Bitcoin during price dips, maintaining market pressure. With Bitcoin’s fixed supply, the influx of new buyers and ongoing ETF purchases could push the price to $100,000, provided there are no major economic downturns.
Strategic Bitcoin Reserve
- Speiser elaborated on Trump’s proposal for a strategic Bitcoin reserve, suggesting that Bitcoin could serve as a neutral alternative to traditional fiat currencies for international transactions. This shift could offer countries more flexibility in global politics.
Ethereum Price Forecast
- Speiser predicted Ethereum could hit $4,000 by year-end. He highlighted Ethereum’s nearing all-time high supply and limited new issuance as factors that could drive up the price. The introduction of spot Ethereum ETFs and Ethereum staking, which reduces the available supply, have increased market buying pressure and demand.
Metafide’s Role
- Speiser also touched on Metafide’s role in the crypto ecosystem. Metafide uses AI to provide blockchain ratings and market predictions, combining human insights with algorithms to forecast trends and support investor decisions.
Source - cryptoglobe.com
