Abra CEO Bullish on Ethereum

[KorioJames]

The CEO of crypto trading platform Abra, Bill Barhydt, shared his thoughts on why he is more bullish about Ethereum than Bitcoin in an interview with CNBC Friday. He also predicts that the price of ether (ETH) could reach $40,000, a significant increase from the cryptocurrency’s current price.

Barhydt explained, “Ethereum’s network effect is based on this idea that it could become the world’s computers. It’s being used for stablecoins, NFTs [non-fungible tokens], defi [decentralized finance] … and gaming now.”

The CEO expects that “with staking coming,” there will be “a massive influx of people trying to hold ethereum.” Comparing the network effects of Ethereum to Bitcoin, he opined:

The network effects for Ethereum in the short-term are actually more bullish to me because of the use cases that are just starting to play out.

[Linette]

Hi! I am far from using large amounts for trading on a crypto exchange. But I confidently increase my assets using regular transactions with the help of bitcoin robot. The demand for BTC is so high now that you can make a profit even from one-time transactions through arbitrage. I generally advise not to keep all your eggs in one basket and diversify your crypto stake.