Is Ethereum a No-Brainer Buy After the Bitcoin Halving?
Earlier this year, Ark Invest's Cathie Wood stunned cryptocurrency investors by predicting that Bitcoin 's (CRYPTO: BTC) price would reach $1.5 million by 2027. Back in April, Wood believed that the recent approvals of the first exchange-traded funds (ETFs) based on Bitcoin's spot price, more institutional purchases, and the then-impending halving of Bitcoin's mining rewards (making it twice as hard to mine the cryptocurrency) would drive a stampede of bulls to the world's largest cryptocurrency.
Wood also made some bullish predictions for Ethereum (CRYPTO: ETH), estimating its market cap could exceed $20 trillion by 2032. That would mean a market price of more than $166,000 per Ethereum coin.
Recent updates and analyses have added new perspectives on Ethereum's potential. The Bitcoin halving is in the books, the initial spot Bitcoin ETFs have been on the market since January, and the first Ethereum ETFs followed suit this week. So what's next, and is Ethereum still a good investment?
Source Fool.com
