Price Prediction : Bitcoin is expected to be worth US$100,000, while Ethereum is expected to be worth US$10,500.

Source Image : Blockapps.net

Be prepared, for the price of Ether (ETH) and Bitcoin (BTC) this year could surpass US $ 100,000 and US $ 10.500, respectively.

The forecast is based on the findings of a new analysis conducted by David Grider, Director of Fundstrat Global Advisors.

“We remain positive on ETH and BTC, as we have in previous reports. It could cross US$ 10,500 for ETH and US$ 100,000 for BTC. "We should do it again this year," Grider said.

According to him, the phenomenal growth was due to the Ethereum blockchain's continued popularity in the Decentralized Finance (DeFi) field.

DeFi market value.

DeFi's present market cap is more than US $ 65 billion based on Total Value Locked (TVL).

After September 2020, the industry has been booming. Business leaders include AAVE, Compound, Uniswap, among others.

BTC is gaining power.

Since the market for crypto assets will continue to be dominated by big corporations, the estimate for the price of BTC is up to US $ 100,000 per BTC.

Previously, MicroStrategy, Grayscale, has been doing this since 2020. Tesla initiated it in January 2021.

Aside from that, macroeconomic factors played a role. According to Grider's observations, the Bitcoin price forecast is triggered by a fall in the valuation of the dollar currency as a consequence of its growing availability.

Another issue is that the bank's interest yield is decreasing. This is what is causing the inflow of funds into the crypto asset market.

ETH rates are currently breaking new highs, with a high of US $ 3,481 on Thursday (6/5/2021).

Meanwhile, Bitcoin was only marginally corrected in the $57,116 range.

Market Cap US$5 Triliun

Fundstrat anticipates a rise in the value of other crypto assets in general.
Since they expect the crypto asset market capitalization will exceed US $ 5 trillion, up from US $ 2 trillion currently.