This forecast was made by Scott Melker, a well-known cryptotrader and host of The Wolf Of All Streets podcast, in an interview with Cointelegraph.
In his opinion, the current period of bitcoin price consolidation has become very optimistic for the second most capitalized cryptocurrency, whose rate recently reached new highs. It is the performance of Ethereum trader called the main catalyst for the growth of the altcoin market.
He said he has largely switched his strategy from the first cryptocurrency to ether in recent months.
“It reminds me of investing in the Internet in the early 1990s,” Melker said.
He doesn’t think his short-term forecast for Ethereum’s price is too bold:
“I don’t see why it’s crazy. It’s basically just an increase of less than five times the current price. Bitcoin almost tripled last year.”
As a reminder, analysts at the Kraken exchange also admitted that Ethereum’s yield will surpass that of bitcoin and the coin’s price will exceed $15,000.
Anthony Scaramucci, founder and managing partner at SkyBridge Capital, is also confident about the growth of the second most capitalized cryptocurrency.
In the first three months of 2021, bitcoin’s price rose by almost 103%, the best first-quarter performance for the flagship since 2013. Ethereum quotes added more than 250% over the period.