The huge Bitcoin and Ethereum forecast came from crypto investor Chris Burniske. Stating that he expects Ethereum price to exceed $ 7,500 in the next bullish cycle, Burniske thinks that Bitcoin will also see 50 thousand dollars.
Chris Burniske, co-founder of crypto-focused venture capital firm Placeholder, predicted the huge Bitcoin and Etherium. Burniske, who made explanations regarding the estimate in question, estimates that Ethereum’s price will reach $ 7,500 in the next bull cycle.
Burniske expects Ether to perform significantly better than Bitcoin, the leading cryptocurrency that is estimated to reach $ 50,000. Explaining the rationale behind his prediction, Chris Burniske said that Bitcoin’s network value will exceed $ 1 trillion with the halving effect of BTC, as in the previous bull market.
Chris Burniske expects that the prices mentioned in the image above can be achieved in late 2021 in accordance with the Stock Flow Model (S2F). The analyst believes that Ethereum will gain value before Bitcoin due to its smaller network value and robust chain economies. Chris Burniske also states that when the crypto frenzy shifts into high gear, the leader altcoin will be perceived as the “new blockchain leader of the market”.