Mark Yusko, CEO and founder of Morgan Creek Capital. Ethereum He believes the price could reach a five-figure price.
Citing the many years of history of the Bitcoin-Ethereum ratio, Yusko said in an interview with Altcoin Daily that if Bitcoin rises approximately 193% from the current level and reaches a six-figure price target in the upcoming bullish cycle, ETH will also increase 410% from the current level. He suggested that it could go up to .
“I have no reason to ignore the ratio between Bitcoin and Ethereum. In the past, the ratio was almost exactly 10 to 1. So if Bitcoin reached $20,000, Ethereum would also reach $2,000…
Let’s say Bitcoin rises to $150,000 as I predicted. And if the ratio doesn’t go back to 10 to 1 but…let’s say it drops to 1.5. This would imply an Ethereum price of $10,000. I think there are a lot of people who think about that number. And many say, “This is not enough.”
If the ratio increases to 10 to 1, then Ethereum price It would be $15,000. So it would easily be somewhere between $10,000 and $15,000.”
Ethereum was trading at $2,921 at the time of writing.
Here’s what the hedge fund veteran says about ETH’s expected price performance compared to Bitcoin (BTC):
“I could see a bigger rally in Ethereum than Bitcoin. In the pump part, this is what you’d expect from the last meteoric parabolic move. Ethereum has historically outperformed Bitcoin and probably should again.”
