In today new era of digital world, Cryptocurrency is just writing a new story, in which both the Bitcoin and Ethereum are making a historic moves in their own way. Bitcoin has demonstrated its strength by making a new all-time high of $125,000 but the most interesting things is that the retail investor haven’t fully entered the market yet. This has the simple meaning that this rally is only just the beginning and may be we could see moves further that could dwarf the previous bull runs.
Bitcoin New Target And Paul Tudor Jones’ Warning
According to the news sources, The Legendary Billionaire investor Paul Tudor is himself a major big bull in the crypto world and he believes that this could be the early phase of the bull market. He says that in the coming 12 months, we could going see the largest price gains which was ever seen in the market. This simply means that this is the best opportunity to make an entry in the bullish trend.
But Paul Tudor also gives a important warning which is “I think all the ingredients are in place for some kind of a blowoff.” This means that the market will be explosive when the price will sharply rise but after that there could be a shape correction. According to him, this time the environment may be intense than the dot-com bubble of 1999. And there is also a fear of interest rate hike, and we are expecting rate cuts—which will create a unique combination of monetary policy and fiscal deficit that has never been seen before. In this cycle, the billionaire Paul Tudor Jones estimated the price of Bitcoin to rise to atleast upto $150,000 and also with a possibility to reach $200,000. But the real story is even more exciting from this.
Ethereum: Wall Street’s New Home
Currently, just as the Bitcoin is gaining the buzz, Ethereum is also rapidly gaining the popularity and institutional adoption. Now Ethereum has become a platform where the traditional finance (commonly known as wall street) is also embracing it. Some of the big analyst like Tom Lee says that “Ethereum is the new Wall Street.” Now they are being compared with 1971 US event when the dollar was separated from the gold standards and became synthetic. And that time, The Wall street had regain grip by launching a new synthetic dollar-based product. In today’s time, everything is being tokenized—dollar, stocks, bonds—and Ethereum is also one of those technology which provides the base layer for tokenization. So that’s why experts are assuming that Ethereum is in super cycle and its price and adoption will increase at a rapid speed.
Why Ethereum is different from Bitcoin?
Some of the best prominent analyst has pointed out that Bitcoin has revolutionize the money and also becomes the new digital assets of current market, but its primary function is just only limited to that of a store of value. However, Ethereum is just like a giant tech company, but without a CEO or board. So this decentralized platform allows the developer to create a new financial products and applications. Now the new version of financial market is being created on the Ethereum, and also launching a new platform for entertainment and making a new innovative business with the help of blockchain. Ethereum is just like the combination of Stripe, Yahoo, and Twitter, bringing totally a new proposition to the market.
Now slowly the Investors are started understanding that Ethereum has much more potential than the Bitcoin in the coming days, and investing in this may be a smarter choice.
Ethereum’s Bullish Breakout And Future Targets
Ethereum has recently gives a bullish breakout from a multi-year wedge pattern, which simple means that in future price could move higher and also surpass the significant levels. This is because, few years ago, the Bitcoin crossing $100,000 was unimaginable, but its became the reality. Just like that, the price of Ethereum is also could reach $10,000, $50,000, and even possibly $60,000-$70,000 range in next few years.
Some of the expert also see the Ethereum’s network value could reach a value with Bitcoin, which would be a bigger milestone. now the $10,000 level is also expected to reach so soon.
Ignore the Skepticism!!
As long as for Ethereum, there is still some scepticism in the market. Some of the people thinks that banks or institutions won’t pay the blockchain fees, or the Ethereum’s bull thesis is unrealistic. But some best expert like Tom Lee takes these all sceptics as a compliment. The Historic data also shows that we get the greatest opportunities when there is a huge doubt or tremendous market uncertainty. Some of the big financial institutions like JP Morgan Chase, Wells Fargo, and Santander are adopting the tech of Ethereum to reduce the costs and increase the efficiency.
A stablecoin like Tether with a valuation of $500 billion, has now become the second-largest bank in the blockchain ecosystem after JP Morgen. This clearly shows that blockchain technology become how important in the globe finance sector.
Conclusion: Get ready for the Blowoff!
In today’s time, We are at that stage of crypto cycle where Wall Street, institutions, corporations, and retail investors, all are realizing that how underexposed they are in the cryptocurrency sectors.
- Almost 95% of Bitcoin has been mined til yet, but sill 95% of investor didn’t entered the market.
- Ethereum’s strong narrative and charts both indicates that it has only just begun its upward move.
- The Internet rate cut and regulatory clarity makes the market more stronger.
So, by watching the scenario, it seems that its the best time to take position in crypto now especially we should prepare for the Ethereum super cycle. Those who adopt this in the early phase, will receive the greatest benefits of all this new digital financial revolution. So, are you ready for this new Ethereum and Crypto bull run? This is the best time for participate, do the research and make a confident investment towards your bright future!
