#Write2Earn #TrendingTopic #ETH $15,000 Ethereum Price Incoming, Predicts Hedge Fund Veteran Mark Yusko – Here’s the Timeline
The CEO and founder of Morgan Creek Capital Mark Yusko believes that Ethereum (ETH) could appreciate to a five-figure price.
Yusko says in an Altcoin Daily interview that going by the Bitcoin-to-Ethereum ratio that has existed for years now, Ethereum could go up by up to 410% from the present level if Bitcoin appreciates by around 193% from the current level and hits a six-figure price target in the upcoming bullish cycle.
I probably have no reason to go against what has existed for a long time which is the ratio between Bitcoin and Ethereum. It used to be almost exactly 10-to-1. So if Bitcoin was $20,000, Ethereum would be $2,000…
So let’s say Bitcoin gets to $150,000 like I think it will. And let’s say we don’t go all the way back to [a Bitcoin-to-Ethereum ratio of] 10-to-1 but we go to… Let’s say it’s 1.5. So that’s [an Ethereum price of] $10,000.
I think there are a lot of people that have that number in their brain. And a lot of people say, ‘Well that’s not enough.’
Let’s say it gets all the way back to 10-to-1. Then that would be [an Ethereum price of] $15,000. So, comfortably somewhere between $10,000 and $15,000.”
Ethereum is trading at $2,921 at time of writing.
On Ethereum’s expected price performance relative to that of Bitcoin (BTC), the hedge fund veteran says,