Ethereum

Kling

Cryptocurrency

Bitcoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/expert-predicts-record-highs-for-bitcoin-and-ethereum/" data-wpel-link="internal">Expert Predicts Record Highs for Bitcoin and Ethereum</a><br></p>
<p style="text-align: justify">The chief investment officer of Ikigai Asset Management claimed that an unprecedented formation in the history of cryptocurrency will propel <strong><a href="https://en.coin-turk.com/turbulence-in-bitcoin-btc-amid-mixed-market-sentiment-a-4-5-drop-last-week/" data-wpel-link="internal">Bitcoin</a> (BTC)</strong> and Ethereum (ETH) to their all-time highest levels (ATH).</p> 
<h2 id="predictions-of-all-time-highs-for-btc">Predictions of All-Time Highs for BTC</h2> 
<p style="text-align: justify">Cryptocurrency expert Travis Kling stated on <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> platform X that a series of factors are coming together to push Bitcoin’s rally to its all-time high. Kling mentioned the following:</p> 
<blockquote> 
 <p style="text-align: justify"><strong>BTC</strong> essentially has a free walk to ATHs. We’ve got spot BTC ETFs that unlock safe access to BTC worth trillions of dollars, which we never had before. There are only a few months left until the halving. The Fed is expected to cut interest rates several times this year. Stocks are at ATHs and seem to be on the rise… We can debate the speed of the ATHs and eventually discuss how far beyond the previous ATHs this cycle will take us. However, the path to the ATH seems incredibly straightforward. The cryptocurrency will have to do very little work to push <strong>BTC</strong> to $60,000. It’s likely to happen because we have our ETFs, and the Fed is moving towards expansion. We’ve never set up such a regime before.</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-310980 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/eth.jpg" alt="" width="1328" height="537"></p> 
<h2 id="expectations-for-ethereum">Expectations for Ethereum</h2> 
<p style="text-align: justify">The halving, which cuts the rewards for BTC miners in half, is expected to take place in April. At the time of writing, Bitcoin was trading at a value of $43,022. Expert Travis Kling also pointed out that Ethereum has the same structure. However, Kling argued that instead of halving, Ethereum relies on a mechanism that burns a small amount of <strong>ETH</strong> with each transaction. The Ikigai executive also emphasized that spot market ETH could be approved in the coming months, saying:</p> 
<blockquote> 
 <p style="text-align: justify">The same setup mentioned applies to ETH, just delayed by three to twelve months. The SEC had to approve spot BTC <strong>ETFs</strong> for the same reasons they had to approve it. Approve the ETH ETFs. We can debate the timing of the approval. March? Probably too early. May? Definitely possible but might still be a bit early. August? Seems about right. I don’t think it’s very likely that we won’t have a spot ETH ETF a year from now. If you combine this with the Fed’s rate cuts and the nature of the ETH burning mechanism, I think <strong>ETH</strong> has a free walk to ATHs from here, with an approximate 100% increase. Again, reasonable minds may disagree on the timing and how far beyond the previous ATHs this cycle will take ETH, but fundamentally, it looks like a free walk. We’ve never set up such a regime before.</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/expert-predicts-record-highs-for-bitcoin-and-ethereum/" data-wpel-link="internal">Expert Predicts Record Highs for Bitcoin and Ethereum</a></h5>

Expert Predicts Record Highs for Bitcoin and Ethereum

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