$15,000 Ethereum Price Coming, Hedge Fund Veteran Mark Yusko Predicts – Here's the Schedule
Morgan Creek Capital CEO and founder Mark Yusko believes Ethereum (ETH) could rise to a five-digit price.
Yusko says in a new Altcoin Daily interview that based on the Ethereum to Bitcoin ratio (ETH/BTC), ETH could rise 410% from its current levels if Bitcoin ends up reaching $150,000.
“I probably have no reason to go against what has existed for a long time, which is the relationship between Bitcoin and Ethereum. It used to be pretty much 10 to 1. So if Bitcoin was $20,000, Ethereum would be $2,000…
So let's say Bitcoin hits $150,000, which I think it will. And let's just say we don't go all the way back [a Bitcoin-to-Ethereum ratio of] 10 to 1, but we're going to… Let's say it's 1.5. That's it [an Ethereum price of] $10,000.
I think there are many people who have this number in their brains. And a lot of people say, “Well, that’s not enough.”
Let's assume the ratio is 10 to 1 again. Then that would be the case [an Ethereum price of] $15,000. So comfortably somewhere between $10,000 and $15,000.”
At the time of writing, Ethereum is trading at $2,921.
Regarding the expected price development of Ethereum compared to Bitcoin (BTC), the hedge fund veteran says:
“I could see a bigger rally in Ethereum than Bitcoin. And that's roughly what you would expect in the pump part, in the last meteoric parabolic movement. Ethereum has outperformed Bitcoin in the past and is likely to do so again.”
Bitcoin is trading at $51,904 at the time of writing.
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