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Opinion: ETH like 'iPhone platform', may follow BTC to rise to $8000-10000
Summary: According to Decrypt, Greg Magadini, Derivatives Director at Amberdata, stated that Bitcoin is currently like a digital gold and risk asset hybrid, being driven by two emotions simultaneously in the backdrop of a rising stock market and pressure on the Federal Reserve to cut interest rates. Despite some calling Ethereum outdated technology, it has a ...
According to Decrypt, Greg Magadini, Derivatives Director at Amberdata, stated that Bitcoin is currently like a digital gold and risk asset hybrid, being driven by two emotions simultaneously in the backdrop of a rising stock market and pressure on the Federal Reserve to cut interest rates. Despite some calling Ethereum outdated technology, it has a developer ecosystem, similar to the iPhone platform, allowing developers to build applications directly on its infrastructure. These network effects will only continue to accumulate, therefore it is expected that Ethereum's price will continue to follow Bitcoin's rise, potentially reaching the range of $8000 to $10000.
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Link: Opinion: ETH like 'iPhone platform', may follow BTC to rise to $8000-10000 [Copy]
