{"id":10613,"date":"2022-03-14T03:11:52","date_gmt":"2022-03-14T03:11:52","guid":{"rendered":"http:\/\/egrowonline.com\/?p=10613"},"modified":"2022-03-14T03:11:52","modified_gmt":"2022-03-14T03:11:52","slug":"abra-ceo-bullish-on-ethereum-predicts-eth-could-hit-40000-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=10613","title":{"rendered":"Abra CEO Bullish on Ethereum, Predicts ETH Could Hit $40,000 \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"


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Abra\u2019s CEO has predicted that the price of ether could reach $40,000. He\u2019s more bullish on Ethereum than Bitcoin. \u201cThe use cases are through the roof,\u201d said the executive.<\/strong><\/p>\n

Abra\u2019s CEO Predicts Ethereum Price<\/h2>\n

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 (ETH<\/a>) could reach $40,000, a significant increase from the cryptocurrency\u2019s current price.<\/p>\n

Barhydt explained, \u201cEthereum\u2019s network effect is based on this idea that it could become the world\u2019s computers. It\u2019s being used for stablecoins, NFTs [non-fungible tokens], defi [decentralized finance] \u2026 and gaming now.\u201d<\/p>\n

The CEO expects that \u201cwith staking coming,\u201d there will be \u201ca massive influx of people trying to hold ethereum.\u201d Comparing the network effects of Ethereum to Bitcoin, he opined:<\/p>\n

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The network effects for Ethereum in the short-term are actually more bullish to me because of the use cases that are just starting to play out.<\/p>\n<\/blockquote>\n

He continued: \u201cIf 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.\u201d<\/p>\n

However, the executive warned: \u201cWe may have a bit of a sell-the-news effect after the initial rush to stake happens with the upgrade in June or July \u2014 whenever it happens, the upgrade to proof-of-stake \u2014 so you may see kind of sell-the-news pullback.\u201d<\/p>\n

Nonetheless, Barhydt said without mentioning a specific time frame:<\/p>\n

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I think you are talking potentially $30,000 \u2013 $40,000 ethereum.<\/p>\n<\/blockquote>\n

He opined: \u201cIt\u2019s deflationary. The use cases are through the roof. It\u2019s just all the stars are lining up for ethereum in my opinion right now.\u201d<\/p>\n

Meanwhile, a panel of fintech experts at Finder.com is less bullish than the Abra CEO. The panel previously<\/a> predicted that ETH<\/a> would reach $50,788 by 2030. That estimate has been lowered<\/a> to $26,338. At the time of writing, ETH<\/a> is trading at $2,518 based on data from Bitcoin.com Markets.<\/p>\n

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Abra<\/a>, Abra CEO<\/a>, bullish ethereum<\/a>, ETH<\/a>, ether<\/a>, Ethereum<\/a>, ethereum bullish<\/a>, Ethereum Price<\/a>, ethereum price forecast<\/a>, ethereum price prediction<\/a>, Ethereum Upgrade<\/a>, Proof-of-Stake<\/a><\/div>\n<\/div>\n

What do you think about Barhydt\u2019s ethereum price prediction? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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