According to Guy Gotslak, co-founder and president of My Digital Money, Ethereum will reach $10,000 faster than people anticipate. Gotslak told Coinedition that ETH has all the fundamentals needed to grow significantly, and it would be a stroll to the summit rather than a giant leap.
Ethereum gained 21% in the recent crypto market rally but failed to reach the $2,000 milestone. That led many users to think the rally was influenced by Bitcoin’s movement. Gotslak thinks otherwise and believes Ethereum’s price action is independent of what is happening with Bitcoin. According to him, ETH’s price is relatively down because the entire alternative industry was down.
The trading expert noted that it is an open secret the government has been manipulating the numbers to make the mainstream economy look better than it does. According to him, the handlers of the economy attracted many investors to traditional investments. For instance, the S&P 500 is up 7% YTD, and the dollar is uncharacteristically high.
Gotslak thinks geopolitical instability is slowly highlighting some of the fundamental lies the government told about the economy, specifically with government spending. He explained that this pushed many people towards assets outside the government’s control. Gold just broke $2,000, and Bitcoin and Ethereum, the flagbearer of altcoins, were two of the strongest digital assets alongside gold.
The trading expert is confident in Ethereum’s prospects because he believes the market is searching for safety from the government. He based his confidence on Ethereum’s numerous use cases that have endeared the innovative blockchain to several Fortune 500 companies. Gotslak believes that when technology catches up, Ethereum will be the most utilized blockchain, and ETH will be the most used crypto.
ETH traded for $1,785 at the time of writing, and users expect the price to push higher, with the altcoin season likely to resume soon.
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