Bitcoin and Ethereum Will Surge 100% by Middle of Next Year – Galaxy Digital
BTC and ETH, according to Galaxy Digital’s chief financial officer, might quadruple in value by the second half of 2023. Co-head of Galaxy Digital’s trading unit Jason Urban thinks that the two largest cryptos by market capitalization might each appreciate by 100% by Q2 2023 in a recent interview with Kitco News.
At the beginning of 2022, I might well have predicted that Bitcoin would be worth $100,000 and Ether would be around $6,500-$7,000. Possibly, although it’s hard to say for sure. Possibly. Is it going to make a difference? No.
Therefore, if the year hasn’t ended yet, it may be Q1 or Q2 of the following year. It’s inevitable that this will unfold. In my opinion, as more and more people discover the benefits of this platform, it’s only going to gain popularity. Despite Urban’s belief that Ethereum will eventually overtake Bitcoin, he does not really expect it to become a reality any time within the year.
“I think eventually yeah,” Urban responds to presenter Michell Makori’s inquiry regarding whether or not ETH may flip BTC. No. In the forthcoming two to three years, should I expect to see anything like this? That’s the most likely date, although I may be incorrect. Not any time soon, in my opinion.
As more individuals comprehend the advantages of smart contracts, institutional engagement in Ethereum is increasing, according to Urban. Smart contracts and layers-1s, on which several creative brains may grow, begin to make sense to them, and Ethereum would be that. This is copper. Ethereum is the digital copper, whereas Bitcoin is the digital gold.