Will BTC reach 100k before ETH Reaches 5k?

[Asiska02]

There is this news that was posted on telegram which I came across on where BitGo CEO Mike Balshe saying that 'Bitcoin could hit 120,000 dollars to 150,000 dollars at the ending of this year'. Most times I have to think about Ethereum why they don't always give significant price on other cryptocurrency apart from Bitcoin or do we say much priority are being given to bitcoin.

Yes, much priority is been given to bitcoin because it’s the only cryptocurrency that has every potential of rising to an inestimable amount just by seeing how it’s behaving in the market. It may be speculative and may not get to that price as predicted, but it has the more tendency to break some boundaries that many of the other cryptocurrencies won’t dare to break. So focusing more on bitcoin price is more likely to become a reality than many of the predicted price of other altcoin. I have no choice and I’m sure that option 1 is the best answer to the poll raised on this topic .

[alogan]

I do believe bitcoin will reach first 100k then ethereum 5k, as we are talking about limited supply vs infinite supply , besides that the smart contracts arent anymore a only ethereum feature.

If Trump wins the 100k will be achieved this year, otherwise next year it should achieve, then ethereum will make a moove right after... but Etf might change this cenario as well.

[SmartGold01]

There is this news that was posted on telegram which I came across on where BitGo CEO Mike Balshe saying that 'Bitcoin could hit 120,000 dollars to 150,000 dollars at the ending of this year'. Most times I have to think about Ethereum why they don't always give significant price on other cryptocurrency apart from Bitcoin or do we say much priority are being given to bitcoin.

Yes, much priority is been given to bitcoin because it’s the only cryptocurrency that has every potential of rising to an inestimable amount just by seeing how it’s behaving in the market. It may be speculative and may not get to that price as predicted, but it has the more tendency to break some boundaries that many of the other cryptocurrencies won’t dare to break. So focusing more on bitcoin price is more likely to become a reality than many of the predicted price of other altcoin. I have no choice and I’m sure that option 1 is the best answer to the poll raised on this topic .

Yes that is it but most times coin like ethereum and some other has already build up their trust and usability where people has seen them to be very strong, where people can't lose their investment just like. For instance litecoin is also trusted coin that has been existing for long now and people are making use it for transaction it's also cheaper but people don't usually mentioned them the way bitcoin are being recognized.

[Jating]

I do believe bitcoin will reach first 100k then ethereum 5k, as we are talking about limited supply vs infinite supply , besides that the smart contracts arent anymore a only ethereum feature.

If Trump wins the 100k will be achieved this year, otherwise next year it should achieve, then ethereum will make a moove right after... but Etf might change this cenario as well.

Do we really need Trump to win in order for the price to hit $100k? What if Kamala Harris won, does it mean that 6 digits is not achievable. I would believed that the election in the US might have a big impact on the price, however, regardless of who is going to win, and with the whole 4 year cycle still in effect, I think we can still get to where we all predicting the price will be, and that is in the 6 digit.

We love Trump to win because he is turning to be pro-Bitcoin, and he is leading in the early days of the election. But when Biden steps down and Kamala Harris takes over, it seems that there are reports that Harris has overtaken Trump in the polls. And we all know that her political party is somewhat anti crypto.

[UNIVERSE]

Do we really need Trump to win in order for the price to hit $100k? What if Kamala Harris won, does it mean that 6 digits is not achievable. I would believed that the election in the US might have a big impact on the price, however, regardless of who is going to win, and with the whole 4 year cycle still in effect, I think we can still get to where we all predicting the price will be, and that is in the 6 digit.

If Trump wins the president election, surely it will be easier to hit $100k. There will be a big hype in crypto because people believe in Trump's promise for Bitcoin industry, especially in US. However, I believe Bitcoin can still have a chance to hit $100k although Harris who wins the president election. We know that Bitcoin price doesn't fully rely on the news, there are other factors that can trigger the huge increase in Bitcoin price. According the previous cycle, Bitcoin always could increase very significantly whatever the news is spreading around the world.

[Ricardo11]

 
Yes when Bitcoin goes to 100K there is a good chance that ETH will go to 5K.  Because we saw when Bitcoin went above 70k in March, ETH hit 4K on March 12th.  As such we can say with certainty that the moment Bitcoin goes above 100K, ETH will easily cross 5K.

[dragononcrypto]

Voted yes, simply because Bitcoin usually pumps first, then altcoins afterwards, even if this isn't quite how it worked out in the last bull market.

Also as $5K for ETH is only a few % from ATH, whereas for BTC it'd be around another 35% approximately.

Though that said by % Bitcoin is notably closer to $100K than Ethereum is to $5K...

[Aanuoluwatofunmi]

Ethereum is definitely going to reach $5,000 as long as we have bitcoin above $73,000 all time high, i want to believe that with the way we are seeing ethereum performance these days, there is more on ground its having in preparation to be unleashed when the general crypto markets start to rise, to me, i don't expect to see ethereum waiting till bitcoin gets to $100,000 before making its new all time high.

[sampoerna]

Wow, this is going to be an exciting race.
but, if Bitcoin reaches its ATH at $100k, I'm sure ETH will also reach $5k soon. but, usually the soaring price of Bitcoin will affect the price of altcoins, right? including the price of ETH in particular?

but if ETH is $5k, hmm, it's actually a bit difficult, is it possible for ETH to reach $5k when the price of BTC is at $90k? 

[Lucius]

The bottom line is that ETH will not go anywhere if BTC does not have a big bull run, and that is probably clear to everyone, no matter how much some people think that the ETH spot ETF is something that will make a difference. Given that I know what the OP thinks about ETH, he must agree that VB shot his project in both feet when he decided that PoS is better than PoW - and in the last three years ETH has lost even 50% in value.

[rdluffy]

The bottom line is that ETH will not go anywhere if BTC does not have a big bull run, and that is probably clear to everyone, no matter how much some people think that the ETH spot ETF is something that will make a difference. Given that I know what the OP thinks about ETH, he must agree that VB shot his project in both feet when he decided that PoS is better than PoW - and in the last three years ETH has lost even 50% in value.

You know I've been thinking about this, about POS vs POW and the possible relationship with price
ETH didn't keep up well with BTC in ATH and couldn't repeat BTC's ath, even with ETFs

It seems that the support of a whole community of miners made the difference before

[Lucius]

You know I've been thinking about this, about POS vs POW and the possible relationship with price
ETH didn't keep up well with BTC in ATH and couldn't repeat BTC's ath, even with ETFs

It seems that the support of a whole community of miners made the difference before

Of course the miners made a big contribution to the whole project, just imagine how much money was involved and how important it was to the investors that the project was somehow decentralized (at least in terms of mining). Someone once wrote that now the entire project can be maintained from one basement with a couple of computers (figuratively speaking).

Miners were kicked out of the game and that created a void that apparently no one was able to fill. You build trust for years, and you lose it literally in one day.

[rdluffy]

Of course the miners made a big contribution to the whole project, just imagine how much money was involved and how important it was to the investors that the project was somehow decentralized (at least in terms of mining). Someone once wrote that now the entire project can be maintained from one basement with a couple of computers (figuratively speaking).

Miners were kicked out of the game and that created a void that apparently no one was able to fill. You build trust for years, and you lose it literally in one day.

I also agree with you
It is not easy to make this analysis due to the lack of possible methods to verify it, but the vast majority thought that the price of ETH would rise a lot with the POS
they thought that miners only dumped ETH and with POS it would become scarcer and more reliable

The opposite happened. There were millions of GPUs and thousands of people mining ETH and it was a community
When I mined ETH I didn't sell it all, I kept a lot of it and many should do the same
When the POS came along, many of those people may have sold their ETH and moved on to other coins, or even BTC

it was incredible how many miners there were in ETH 

[Lucius]

@rdluffy, all these decisions are a consequence of the personal attitude of VB who has always wanted to impose himself as someone who will invent something better than Bitcoin, from the idea that he will leave the project (like Satoshi) which never came true, to the fact that people will appreciate ETH more because it became "green coin."

So far, this idea has turned out to be a complete failure, but maybe it will pay off in the long term, given that it should be taken into account that Bitcoin will already be mined to almost 99% at the beginning of the next decade, and that the 1% that will remain for the next 100 + years will not keep too many miners in business.

Will the miners then turn to other (more profitable) projects?

[UNIVERSE]

Ethereum is definitely going to reach $5,000 as long as we have bitcoin above $73,000 all time high, i want to believe that with the way we are seeing ethereum performance these days, there is more on ground its having in preparation to be unleashed when the general crypto markets start to rise, to me, i don't expect to see ethereum waiting till bitcoin gets to $100,000 before making its new all time high.

In fact, Ethereum never reached $5k when Bitcoin reached the ATH around $73k in March. So, even if Bitcoin price can return to $73k again, it is very doubtful that Ethereum will be $5k. There should be big pump on Bitcoin price, maybe Ethereum price will be close to $5k if Bitcoin price can be above $90k. I also expect that Ethereum can reach its ATH faster, waiting for $100k of Bitcoin will be too long. We even don't know that Bitcoin really can be $100k or not. However, I'm sure that ETH will reach a new ATH sooner or later.