Ethereum has been the star of the crypto market these days, with the digital asset seeing massive gains.
At the moment of writing this article, ETH is trading in the green, and the digital asset is priced at $1,976.97.
It’s been just revealed that Skybridge Capital chief and former White House press secretary Anthony Scaramucci recently said that Ethereum (ETH) would become a store of value asset.
Ethereum to have a great future
During an interview with CNBC, Scaramucci says that as an institutional investor, he’s mainly focused on Bitcoin (BTC) at the moment, but this doe not mean that he doesn’t see amazing things happening for Ethereum in the future.
“I think there’s a very big market for Ethereum, and I predict that Ethereum has good fundamentals and will grow, but I’m in an institutionalist sort of business. I think like an institutionalist, and I’ve got to get my clients thinking about cryptocurrency and digital assets. So as a first step, I’m focused on Bitcoin, and we only have now a Bitcoin fund,” he said.
He also mentioned an Ethereum-focused fund.
“Could we have an Ethereum fund in the future? Yes, we certainly could. Everything that you’re saying is true with the non-fungible tokens, and the technology around Ethereum is going to make it a sticky cryptocurrency and a store of value and something that people will transact with.”
Regarding Bitcoin and crypto, he said that the world of finance should be getting ready to see a massive generational shift.
Ethereum target for 2021
Analyst Scott Melker just revealed this year’s target for Ethereum. The coin has been making bullish moves these days.
He explained that ETH has broken out of a bullish continuation pattern after months of consolidation.
“As I said just the other day, I showed the target of $3,600, which I believe is actually somewhat conservative. How did I get that target? We have this massive bull pennant here… To get the target of the bull pennant, you measure the flagpole, that’s this entire move, and you extrapolate that from the breakout to the top,” he said.