Speaking with Kitco News, Co-Head of Galaxy Digital Trading, Jason Urban, discussed his outlook on Ethereum and Bitcoin prices, as well as the progress of institutional adoption of the second-largest cryptocurrency by market cap. Analyzing what is driving the institutional demand for Ethereum, Urban discussed Goldman Sachs’ exposure to ETH via an Ethereum fund: The Galaxy Digital co-head also considered ETH 2.0 as another driving factor, moving from a proof of work universe to a proof of stake universe. Nevertheless, Mr. Urban does not see the flippening of Bitcoin as imminent but does think it will happen “in the next two to three years” as “probably the soonest” time it will occur.
Ethereum price prediction
Furthermore, the price of Ethereum is being discussed in terms of its price forecast for the end of the year. Urban pointed out that there are a number of elements that may have an influence on this, including the Federal Reserve and what it plans to do in terms of inflation, as well as the situation in Ukraine. Acknowledging that there may be headwinds, Urban does not believe that they will be significant. If it is not the end of 2022, the co-head believes it will be the first quarter or second quarter of next year, but that it will happen because of the sheer number of people who are entering this space. That simply more users will keep pushing the price, as well as the fact that there is such value in the ecosystem. Finally, he believes that people don’t always perceive the usefulness of crypto because they don’t comprehend it, but that there is much utility in this ecosystem. Watch: Ethereum could flip Bitcoin in 3 years Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
