Bitcoin (BTC) and Ethereum (ETH) will explode by 100% by mid-2023, says Jason Urban, co-head of Galaxy Digital Trading
A Galaxy Digital top executive says leading crypto assets Bitcoin (BTC) and Ethereum (ETH) could double by the middle of next year.
In a new interview with Kitco News, Jason Urban, co-head of trading at Galaxy Digital, says it’s inevitable that BTC and ETH will hit new highs, and that the two largest digital assets by market cap are each up 100 by Q2 2023 % could increase.
“If you had asked me earlier this year, I would have said I see Bitcoin at $100,000 [and Ether in the] $6,500 to $7,000 range. Do I think there is a headwind? Possibly. Do I think it will matter? no
So if it’s not the end of the year, it could be Q1 of next year [or] Q2. It will happen. The sheer number of people entering this space will just keep pushing, I think, to push this and the fact that there is such benefit.
Urban also notes that while he believes Ethereum could flip Bitcoin one day, he doesn’t think it will happen any time soon.
In response to a question about whether or not host Michell Makori could flip ETH BTC, Urban says:
“I think eventually yes, but is it imminent? no Do I think we’ll see that in the next two to three years? That’s probably the earliest, and I could be wrong about that. I don’t think it’s anytime soon.”
Urban then says institutional interest in Ethereum is increasing as more people see the benefits of smart contracts.
“You are beginning to understand the power of smart contracts [and] Layer 1s that so many brilliant minds can build upon, and Ethereum is that.
That’s the copper. Bitcoin is the digital gold and digital copper of Ethereum.”
Bitcoin and Ethereum are exchanging hands at $42,235 and $3,192 respectively at the time of writing.
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