Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Fundstrat Dramatically Increases Bitcoin Price Target for 2021, Predicts Ethereum Will Outperform BTC

by Daily Hodl Staff
February 11, 2021
in Bitcoin, Ethereum
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Investment research firm Fundstrat is more than doubling its 2021 Bitcoin price prediction, but bets Ethereum will significantly outpace the top cryptocurrency.

Fundstrat’s lead digital asset strategist David Grider says that the investment research firm is raising its Bitcoin price target by two and a half times.

ADVERTISEMENT

“In our 2021 crypto outlook report two weeks ago we raised our target on BTC from $40k to $100k.”

The firm cites a myriad of macro and microeconomic factors influencing its updated bullish BTC target, some of which include institutional FOMO (fear of missing out), public expectations of a weakening dollar, more regulatory clarity surrounding the asset and an overall strong equities uptrend.

Fundstrat’s forecast for Ethereum is even more bullish than its Bitcoin prediction. Last month, Bloomberg reported that Fundstrat had raised its 2021 Ethereum price target to $10,500.

Grider describes Ethereum as having the ‘best risk-reward ratio’ of all cryptocurrencies. The digital asset strategist goes so far as to estimate that ‘blockchain computing may be the future of the cloud.’

In an interview with Yahoo Finance regarding Fundstrat’s new BTC target, Grider expands upon his analysis regarding why corporations will continue to invest in crypto assets like Bitcoin and Ethereum, noting that support for the sector is motivated by more than a desire for a hedge against inflation or a store of value option.

“…There’s a lot of utility being provided by these networks and it can be very disruptive to some corporate business models… There’s real reasons that you’d want to own some of these crypto assets… as a disruption hedge or as a complimentary way to increase revenue to your business.

How the technology can really be impactful to businesses and what it can do to be transformative… what we’re seeing is with crypto networks these are new forms of an organizational model. it’s kind of like the internet. as more businesses and users join these things the value of them increases and the utility rises. people join because there is really disruptive utility in this technology.”

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

ADVERTISEMENT


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Drop of Light

Submit a Press Release

Crypto Livewire – Press Releases

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$48,854.00
$48,854.00
4.07%
Ethereum
$1,538.42
$1,538.42
4.04%
Binance Coin
$226.00
$226.00
3.32%
Polkadot
$33.60
$33.60
3.07%
Cardano
$1.16
$1.16
9.12%
XRP
$0.457534
$0.457534
0.27%
ADVERTISEMENT

Spotlight

  • Crypto Trader Lark Davis Lists Top Six Altcoins To Buy in March
    February 28, 2021
  • Real Vision Tackles Altcoin Market, Analyzes Crypto Portfolio Construction Beyond Bitcoin and Ethereum
    March 4, 2021
  • Cathie Wood Says Janet Yellen Doesn’t Understand Cryptocurrency, Bitcoin Far More Energy Efficient Than Gold
    March 1, 2021
  • Analyst Who Called Bitcoin and Crypto Correction Says Market Gearing Up To Explode – Here’s His Timeline
    March 5, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.