Spot Ethereum ETF Approval 'Not Even Remotely Priced In,' Warns Trader Who Sees 'Ethereum Overperforming From US Elections Onwards'
Portfolio Pulse from Khyathi Dalal
Economist and crypto trader Alex Krüger predicts that Bitcoin will rise significantly by year-end, while Ethereum may underperform due to a potential ETF rejection. However, he suggests that the U.S. elections could lead to regulatory changes and an Ethereum ETF approval in 2025, which would boost Ethereum's performance. An unexpected early approval of an Ethereum ETF could drive Ethereum to new all-time highs. Bloomberg analysts have updated the approval chances to 75%. Traders should stay vigilant until the decision on May 23.
May 21, 2024 | 3:26 pm
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POSITIVE IMPACT
Alex Krüger predicts Bitcoin will rise significantly by year-end, driven by market dynamics and potential regulatory changes.
Krüger's analysis suggests a bullish outlook for Bitcoin, driven by market dynamics and potential regulatory changes. This could lead to increased investor interest and higher prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ethereum may underperform due to a potential ETF rejection, but an unexpected early approval could drive it to new all-time highs.
Krüger's analysis highlights the significant impact of an ETF decision on Ethereum's price. An early approval could lead to substantial inflows and new highs, while a rejection could result in downside risk.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100