It’s all in the title.
I think that, before 2020, Ethereum will be worth $1000, which is a three-fold increase from today’s price. In order to get that same increase, Bitcoin needs to be worth $21k, which is certainly doable (especially with so much talk that BTC’s going to hit a million one day), but I don’t think it’s as likely.
There are going to be big corrections. If you spend time surfing r/Bitcoin, you start to think that the only direction we can go is up. Don’t get too optimistic. Trees don’t grow to the sky. Amazon had five 70% corrections on its way up to where it is today.
So I’m going to make some predictions. Because I like making predictions, and it’s not like anyone’s going to call me out for being wrong — no one really follows me anyway.
Mike Novogratz, billionaire ex-Macro Investor and early adopter of Ethereum, said that he would be shocked if crypto kept going up from here.
It’s silly. I don’t care what anyone else has to say, really. Markets never grow without hiccups.
Ethereum recently dropped to around $280, which is a pretty good price. If you have any left-over money, I’d put it in Ethereum when it’s in the realm of $200-275. Right now, at $330, I don’t think it’s a good idea (well, as good, of an idea). It could end up going to $500+ for all I know, but I don’t think so; and, if it does, there will be a major correction.
At $295, Ether's on discount. My prediction is that it breaks $400 by the end of the year, no problem.
— Brave New Blockchain (@BraveNewBlock) October 22, 2017