Bitcoin and Ethereum, the two largest cryptocurrencies in the sector, are expected to spike if recent predictions are to be believed. According to Blockfyre crypto analysis company’s co-founder Simon Dedic, the next bull run will push both BTC and ETH to $150,000 and $9,000 respectively.
According to a recent tweet from the exec, the 2017 bull run that pushed BTC to its current all-time high of $20,000 is notable. He said that at the time, anyone “could have bought literally any [altcoin] and it was a good investment. Although he believes it’s impossible for just any altcoin to pull in heavy returns, a bull run could help some major altcoins spike.
Apart from BTC and ETH, Dedic believes LINK would jump 4.450% to hit $200, BNB could spike to $500, and XTZ could see $200, among other altcoins mentioned.
Generally, there has never really been a shortage of bullish predictions in the crypto market. For the most part, Bitcoin is the largest recipient of these predictions, as more entities see the king coin hitting its current all-time high, and even higher. Recently, Bloomberg also predicted $20,000 for Bitcoin.
According to Bloomberg Crypto Outlook, Bitcoin could quite possibly hit $20,000 before the end of 2020. Bloomberg believes that Bitcoin has been maturing at an impressive rate, faster than other assets.