GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout

Analyst Sets Bar High with Bitcoin (BTC) at $150,000, Ethereum (ETH) at $15,000 Predictions

Bitcoin and Ethereum have managed to pull crowds with stunning rallies this year. With the approval of their respective spot ETFs, the world’s largest cryptocurrencies are expected to attract billions.

As such, popular analyst Lark Davis has made bold predictions for the top assets.

Bold Predictions For Bitcoin and Ethereum

In a recent tweet, Davis predicted that Bitcoin will soar to $150,000 and Ethereum will reach $15,000, driven by market dynamics. He points to the inflows already seen in spot Bitcoin ETFs, which are attracting hundreds of millions of dollars daily.

Ethereum ETFs are on the cusp of starting trading, expected to further fuel market enthusiasm. Davis said he anticipates a bullish scenario where a peak bull market coincides with massive investments from countries, wealth managers, pension funds, and retail investors, resulting in billions of dollars being funneled into ETFs daily.

This confluence of factors, according to Davis, means current bullish sentiments are likely underestimating the potential growth.

“Imagine the scenes when retail is here, and the bull market is at its peak. When countries, wealth managers, pension funds, and retail will be buying billions of dollars worth of ETFs daily. You are seriously not bullish enough.”

BTC ETFs Hoard 1M BTC; ETH Prepares for Upswing

As of May 24th, the total amount of Bitcoin held by all spot ETFs stands at around 1,002,343 BTC, with a notable proportion allocated to US-based products out of the 32 ETFs currently available. This signals growing mainstream acceptance and institutional interest in cryptocurrencies, particularly in the US.

Moreover, the fact that spot Bitcoin ETFs collectively hold over a million BTC implies increased demand for the asset. As these ETFs acquire and hold Bitcoin, it reduces the available supply in circulation.

With the cryptocurrency’s supply fixed and diminishing due to factors such as halving events, increased institutional interest and investment through ETFs could intensify scarcity, potentially driving up demand and prices further.

Meanwhile, Ethereum’s price failed to challenge the $4,000 resistance, but promising signs are emerging that could cause a much-needed spike, as per the latest price analysis.

The post Analyst Sets Bar High with Bitcoin (BTC) at $150,000, Ethereum (ETH) at $15,000 Predictions appeared first on CryptoPotato.

Latest Press

post-thumbnail
News
6 hours ago
Venezuela’s Bitcoin Mining Crisis: Government Actions and Potential Gas-Powered Solutions
Venezuelan Bitcoin miners halt operations as government disconnects power, citing strain on national...
READ MORE
post-thumbnail
News
6 hours ago
Solana Faces Bearish Pressure Despite Bullish On-Chain Metrics: What’s Next for SOL’s Price?
The post Solana Faces Bearish Pressure Despite Bullish On-Chain Metrics: What’s Next for SOL’s P...
READ MORE
default post thumbnail
News
6 hours ago
DOGE To The Moon: This Dogecoin Metric Just Turned Bullish For The First Time Since 2020
Dogecoin (DOGE) is again in the spotlight as the foremost meme coin could be ready for takeoff. This...
READ MORE
default post thumbnail
News
6 hours ago
Lido (LDO) Poised For Explosive Surge To $17, Expert Forecasts ‘Massive Breakout’
Lido Finance, the liquid staking protocol for the Ethereum (ETH) network, has experienced significan...
READ MORE
default post thumbnail
News
6 hours ago
Curve Founder Faces Massive Blow As CRV Price Dives 40%, Multi-Million Dollar Liquidations
A sudden and dramatic crash in the value of Curve Finance’s native token, CRV, has resulted in sub...
READ MORE
default post thumbnail
News
6 hours ago
Analyst Predicts 35% Jump For Bitcoin In Next Step Of ‘Magic Bands’
Despite the price crash after rising to $69,000, the Bitcoin price remains in the game, with bulls c...
READ MORE
default post thumbnail
News
6 hours ago
Bitcoin Stuck: Here Are 2 Things That Must Happen For BTC To Break $72,000
At spot rates, Bitcoin is firm, but traders doubt the uptrend following the unexpected dump on June ...
READ MORE
default post thumbnail
News
6 hours ago
Memecoin Fight: DADDY Surpasses MOTHER Despite Insider Trading Activity Allegations
The celebrity memecoin mania has added a new player with the recently launched Daddy Tate (DADDY). T...
READ MORE
post-thumbnail
News
6 hours ago
These Altcoin Projects Have Raised the Most Capital in 2024
In 2024, several altcoin projects have secured substantial funding, showcasing growing investor conf...
READ MORE
default post thumbnail
News
6 hours ago
Paxos Reportedly Downsizes Workforce by 20%: Details
Stablecoin issuing company Paxos has laid off 20% of its workforce, decreasing its employee count by...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started