Matt Hougan, chief investment officer at Bitwise, predicts significant growth for Ethereum following the launch of spot ETFs on it.
Hougan emphasized that Ethereum has a number of advantages that should support its growth.
Firstly, steaking Ethereum does not require significant costs, unlike bitcoin mining. “This means that stakers don’t have the need to sell their assets, which should have a positive impact on the price of Ethereum,” he explained.
Secondly, about 40% of Ethereum supply is already locked into staking and smart contracts. “In fact, this makes these ETHs unavailable for sale, which should also support the price of the cryptocurrency,” Hougan added.
Thus, Bitwise experts believe that the launch of spot ETFs on Ethereum will be the catalyst for the growth of this cryptocurrency to $5,000 and above.
Read the original article – https://incrypted.com/v-bitwise-dopustili-rost-ethereum-do-5000-posle-zapuska-spotovyh-etf/.
