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The Grayscale Ethereum Trust saw its holdings drop from 2.93 million Ether to 2.1 million Ether in just a week, a near 25% reduction and a mark that took the Grayscale Bitcoin Trust more than a ...
Benzinga spotlights cryptocurrency expert Cathie Wood's view that a $10,000 Etherium investment today could be worth more than $540,000 by 2030.
In fact, a price forecast of $5,000 may turn out to be conservative. For example, investment firm VanEck came up with a base-case price forecast of $22,000 for Ethereum for the year 2030.
Grayscale was the world’s largest asset manager for digital currency, as of December 2021, with more than $50 billion in assets under management. [7] Grayscale also manages the Grayscale Bitcoin Investment Trust (OTCQX: GBTC), which was the first publicly quoted security solely invested in the price of bitcoin upon its launch in 2013. [3]
At one of these events, Wood asserted that Ethereum could reach a market capitalization of $20 trillion by 2032. Do Cathie Wood's Bullish Ethereum (ETH) Prediction: How Much $1,000 And $10,000 ...
The move helped make the crypto more deflationary, supporting its price over the longer term. Ethereum closed 2021 at just below $3,700, up 399 percent for the year.
Image source: Getty Images. 1. Altcoin season could be around the corner. One of the most exciting aspects of cryptocurrency markets is the phenomenon known as altcoin season.
Don't listen to the naysayers: Ethereum is heading back to the $4,000 price level soon.