Jason Urban, a senior executive at Galaxy Digital, claims that the price of Bitcoin (BTC) and leading altcoin Ethereum could double by the middle of next year. Urban, one of the senior executives of the famous company, has made important statements about BTC and ETH in his recent interview.
Will the leading altcoin hit $7,000 soon?
Galaxy Digital co-head of commerce Jason Urban, in a new interview with Kitco News, states that it is inevitable for the leading cryptocurrency Bitcoin (BTC) and the leading altcoin (ETH) to reach new heights. . Urban also states that the top two cryptocurrencies by market cap could increase by 100 percent by the second quarter of 2023. Galaxy Digital executive uses the following statements on the subject:
If you had asked me at the beginning of the year, I would have said that I saw Bitcoin in the $100,000 range and Ethereum in the $6,500 – $7,000 range. Do I think there are sources of resistance for this? potentially. Do I think this will be important? No. So if it’s not the end of the year, it will happen in the first quarter or second quarter of next year. Lots of people stepping into this space will continue to tell you about this and the fact that there is such a benefit.
According to the expert, ETH still has time to surpass BTC
Urban also states that he believes Ethereum can surpass Bitcoin one day. However, the Galaxy Digital manager, who we closely follow the data shared as Kriptokoin.com, adds that he does not think that this will happen anytime soon. In response to Michell Makori, when asked if the leading altcoin Ethereum could surpass BTC, Urban says:
I think at some point yes, but is it close? No. Is it something we will see in the next two to three years? This is probably the earliest one and I could be wrong about that. I don’t think it’s anytime soon.
Urban later says institutional interest in Ethereum is growing as more people realize the benefits of smart contracts. They are starting to understand the power of -1s. If Bitcoin is digital gold, Ethereum is also known as digital copper. Bitcoin and Ethereum are currently trading at $42,476 and $3,236.
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