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The CEO of an investment firm with $4.6 billion in assets under management is predicting that the Bitcoin (BTC) price will hit seven figures while Ethereum (ETH) will reach six.
U.S. Global Investors head Frank Holmes says that, due to Bitcoin’s scarcity and growing adoption, the flagship cryptocurrency can appreciate by around 1,600% from current levels over the next decade.
Regarding ETH, Frank says that he wouldn’t be “surprised” to see Ethereum appreciate by about 2,250% from the current levels, surpassing $100,000 per coin.
In other trending Bitcoin News today: Institutional Buys Will Put Bitcoin At $560,000 In Five Years, Says Cathie Wood.
Despite the rapid rate of investment among institutional investors, it is still estimated that less than 5% are allocated to Bitcoin. However, the trend is growing among big money and Wood explained that if “institutional investors move into BTC and allocate 5% of their portfolios,” then Bitcoin would hit $560,000.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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