The Abra CEO is positive on Ethereum, forecasting that the digital currency could reach $40,000 in the near future. According to the CEO of Abra Technologies, it is possible that the price of ether may reach $40,000, He believes that Ethereum will outperform Bitcoin in the long run. According to the executive, the use cases for Ethereum are out of this world!
Abra’s CEO makes a prediction on the price of Ethereum
This past Friday, Abra CEO Bill Barhydt spoke with CNBC about why he favors the cryptocurrency Ethereum over Bitcoin. He also expects the price of ether (ETH) to rise to $40,000, which would be a huge increase over the currency’s current value.
It has been suggested that Ethereum may one day completely replace computers all around the globe, which Barhydt believes is a reasonable assumption to make. In addition to stablecoins and non-fungible tokens, DeFi (decentralised finance) and other apps make use of this technology.
In the words of the CEO, “with staking coming,” there will be “a massive influx of people trying to hold Ethereum.”
According to him, the move is “deflationary.” Incredibly, there are several application scenarios. The way he sees it, Ethereum is now in the best possible position.
Finders.com’s Take on Ethereum
Meanwhile, the team of fintech experts at Finder.com is less enthusiastic than the CEO of Abra Financial Services Group. Previously, the organization predicted that the value of ETH would reach $50,788 by the year 2030. This figure has been reduced to $26,338. Ethereum (ETH) is now selling for $2,518 per coin, according to Bitcoin.com Markets.