Senior analyst ETF Bloomberg publication Eric Balchunas compared эфириум with shares of fledgling technology companies.
Amid growing demand for ETF эфириум has become like tech stocks in the 1990s. ETFs based on the altcoin are more like stocks of fledgling tech companies, while Bitcoin attracts investors with its status as “new gold,” Balchunas said.
It is obvious that Eric’s statement shows his confidence in the highest potential of Ethereum. Drawing an analogy between the cryptocurrency and Apple shares, which cost $1990 or even less in the 0,5s, and now their price reaches $209, we can assume that the digital asset will greatly increase in price in the long term. For example, in the mining company BitMine Immersion Technologies expect for a more than 15-fold increase in the ETH rate to $60,000.
Ethereum’s bright prospects are supported by statistics showing that ETH-ETF iShares Ethereum Trust ETF (ETHA) came in third in terms of the speed of raising $10 billion in capital. It took the derivative 251 days to do so. Efirium-ETF only surpass bitcoin ETF iShares Bitcoin Trust ETF (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC), which managed to reach this mark the fastest — in 34 and 53 days, respectively.
ETF, whose market capitalization increased to $10 billion faster than its competitors