dailyhodl.com
The CEO and founder of Morgan Creek Capital Mark Yusko believes that Ethereum (ETH) could appreciate to a five-figure price.
Yusko says in an Altcoin Daily interview that going by the Bitcoin-to-Ethereum ratio that has existed for years now, Ethereum could go up by up to 410% from the present level if Bitcoin appreciates by around 193% from the current level and hits a six-figure price target in the upcoming bullish cycle.
“I probably have no reason to go against what has existed for a long time which is the ratio between Bitcoin and Ethereum. It used to be almost exactly 10-to-1. So if Bitcoin was $20,000, Ethereum would be $2,000…
So let’s say Bitcoin gets to $150,000 like I think it will. And let’s say we don’t go all the way back to [a Bitcoin-to-Ethereum ratio of] 10-to-1 but we go to… Let’s say it’s 1.5. So that’s [an Ethereum price of] $10,000.
I think there are a lot of people that have that number in their brain. And a lot of people say, ‘Well that’s not enough.’
Let’s say it gets all the way back to 10-to-1. Then that would be [an Ethereum price of] $15,000. So, comfortably somewhere between $10,000 and $15,000.”
Ethereum is trading at $2,921 at time of writing.
On Ethereum’s expected price performance relative to that of Bitcoin (BTC), the hedge fund veteran says,
“I could see a bigger rally in Ethereum than Bitcoin. And that’s kind of what you would expect in the pump part, in the final meteoric parabolic move. Ethereum has historically outperformed Bitcoin and it probably should again.”
Bitcoin is trading at $5,904 at time of writing.