Crypto investor Chris Burniske thinks Ethereum (ETH) could see a sudden price jump this year. He says that traditional investors might suddenly realize how good Ethereum is and start buying it up, leading to a big rally.
Ethereum’s Potential: Growth Asset with a Dividend?
Burniske thinks Ethereum’s fundamentals are strong, comparing it to a “growth asset with a healthy dividend.” He believes that once traditional investors understand this, they’ll start pouring money into Ethereum, causing its price to go up.
Ethereum’s Challenges: Soul Searching?
However, Burniske also acknowledges that Ethereum might not be popular for a while. He says that Ethereum might go through a period of “soul searching,” similar to what Bitcoin experienced a few years ago.
New ETFs: A Potential Trend
Burniske also predicts that new Ethereum exchange-traded funds (ETFs) will likely see a lot of money flowing out initially, similar to what happened with Bitcoin ETFs earlier this year. He thinks that after this initial outflow, investors will start buying into these ETFs, which could boost Ethereum’s price.
Ethereum’s Current Price
Right now, Ethereum is trading at around $3,280, up slightly over the last 24 hours.
Disclaimer: This information is for educational purposes only and should not be considered investment advice.
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