Experts come to an understanding that a $100,000 price for Bitcoin (BTC) by the end of the year would as well exponentially increase Ether’s price.
Industry experts view the cryptocurrency market fall as a “false dip” although repeating the $100,000 Bitcoin (BTC) price for the end of the year.
In a new report by Standard Chartered’s cryptocurrency research unit, Bitcoin is forecasted to touch $100,000 “in late 2021 or early 2022,” escorted by a vast Ether (ETH) price point.
The research team stated that the price of ethereum is “structurally” valued at $26,000–$35,000, which is 10 times its present value, although for that bitcoin should reach $175,000 to occur.
The co-founder of Zap Pro elaborated the smash in the market of crypto as a false dip he said, “Big finance and the media say it’s because there was a bumpy rollout in El Salvador. I’m in El Salvador right now and things are looking spectacular,”
He further said, “So here we have a president who is breaking new ground, like a top CEO, rolling out innovation. He believes in it: he bought the dip, as everyone should be.”
Spanos supported the idea of BTC’s price of $100,000 at the end of this year along with ETH that it is too seeking to touch $10,000 by then.
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