Abra's CEO has predicted that the price of ether could reach $40,000. ethereum $ETH crypto cryptocurrency
Abra’s CEO has predicted that the price of ether could reach $40,000. He’s more bullish on Ethereum than Bitcoin. “The use cases are through the roof,” said the executive.The CEO of crypto trading platform Abra, Bill Barhydt, shared his thoughts on why he is more bullish about Ethereum than Bitcoin in an interview with CNBC Friday. He also predicts that the price of ether could reach $40,000, a significant increase from the cryptocurrency’s current price.
The CEO expects that “with staking coming,” there will be “a massive influx of people trying to hold ethereum.” Comparing the network effects of Ethereum to Bitcoin, he opined: He continued: “If the gas fees and the transaction fees come down, which is the promise of the proof-of-stake, look out, because now all of the impediments of those network effects are taken out of the way.”
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