{"id":638,"date":"2021-01-20T20:18:03","date_gmt":"2021-01-20T20:18:03","guid":{"rendered":"https:\/\/cryptonita.co\/?p=638"},"modified":"2021-01-21T18:53:09","modified_gmt":"2021-01-21T18:53:09","slug":"ethereum-20k-price-target-and-mark-cuban-is-a-hodler","status":"publish","type":"post","link":"https:\/\/cryptonita.co\/?p=638","title":{"rendered":"$20K Ethereum + Mark Cuban is a HODLer"},"content":{"rendered":"
Why (some) economists believe $20,000 Ethereum is a realistic price target.<\/em><\/p> I typically skim past headlines with aggressively high price targets in crypto. Feels like clickbait. However, this simple analysis from macro economist DH Taylor<\/a> caught my attention.<\/p> Earlier this week, as Ethereum rose to $1,439 per coin, it crushed its previous all-time high. Taylor suggests<\/a> that this is just the start. In fact, he believes that a rise to $20,000 per token is totally feasible. Here’s the hypothesis behind this lofty price target.<\/p> While a rise from $1,400 per ETH to $20,000 may sound implausible, that would represent a 1400% gain. It should be noted that Ethereum had a similar run between May 2017 and January 2018. <\/p> Last week investors Mark Cuban and Raoul Pal had a lively Twitter convo discussing Bitcoin, Ether, and other cryptocurrencies. Pal has been especially bullish (positive) about the industry overall. In a thread he echoed Taylor’s price target, suggesting that Ether could outperform Bitcoin this year and hit $20,000 in the future. <\/p>TLDR_<\/h4>
Mark Cuban has entered the chat_<\/h4>
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