- The co-head of Galaxy Digital’s trading Jason Urban is quite optimistic regarding the price and performance of Bitcoin (BTC) and Ethereum (ETH).
- The crypto assets at the forefront, Bitcoin (BTC) and Ethereum (ETH) might double up by next year, expressed the Executive.
- He even highlights that ETH could flip BTC one day.
Jason Urban, the co-head of Galaxy Digital’s trading division, recently highlighted his views in a recent interview with a news website, about Bitcoin and Ethereum.
He signifies that BTC and ETH reaching new heights are inevitable, and these two top crypto assets by market cap might go up 100% each by Quarter two of next year.
According to him, If you had asked him at this year’s start, he would have said he sees Bitcoin at $100,000 and Ether in the range between $6,500 – $7,000. And if it’s not the end of the year, it could be Q1 or Q2 of next year. It will take place. The sheer number of people that are stepping into this sector he feels is going to just continue to push that and the fact that there’s such utility.
This top executive at Galaxy Digital also highlights that while he thinks Ethereum (ETH) might one-day flip Bitcoin (BTC), he does not think it will happen any time soon.
When asked whether or not Ethereum (ETH) could flip Bitcoin (BTC), he expressed that at some point, yes, but it’s not imminent. And that the institutional interest in ETH is rising as more people realize the benefits of smart contracts.
At the time of writing, the crowned cryptocurrency is trading at around $$42,547 with a market cap of $808,725,583,500. And the second-largest crypto by market cap, ETH is trading at around $3,240 with a market cap of $390,060,209,939.
Several entities globally are quite optimistic about Bitcoin’s performance in the coming future as crypto has gained a significant place in the finance world. It is to look forward to if Urban’s prediction becomes accurate someday.
ALSO READ: TREZOR INTRODUCES DIRECT-TO-SELF-CUSTODY BITCOIN BUYS
Source: https://www.thecoinrepublic.com/2022/04/10/could-eth-flip-btc-galaxy-digital-trading-co-head-jason-urban-thinks-so/