Zach Pandl, Grayscale Investments head of research, expects Ether will benefit more than Bitcoin when Donald Trump assumes office in January.
Trump promised more regulatory clarity for digital assets and more accommodating policies.
Pandl believes that his pro-crypto position could be an important tailwind for Ethereum, as the latter has a wider range of use cases. This means it “requires clear rules from regulators in order to achieve its vision.”
Ether’s price has seen a rapid rise in the last few weeks. The second largest cryptocurrency in the world by market capital has been on a near 50% rally since election day.
Ether is still not priced according to Trump 2.0
Mark Connors, of Onramp, describes Ethereum as suffering from the “middle-child syndrome”. Investors favored its younger brother Solana, and its older sister BTC up until recently.
The new administration’s crypto policies could change the way people view them, as they are not yet priced.
Zach Pandl says that his accommodative stance towards cryptocurrencies may help ETH to “lead the way in stablecoins and DeFi, as well as really solidify its position as the global settlement level for finance.”
Ethereum has risen 60% compared to its lowest point for the year.
Under Trump’s presidency, ether funds can win.
Pandl believes that regulatory clarity will allow investors to use Ethereum as a passive source of income.
Ether ETFs, which have lagged behind since July’s launch and are a bit lagging in their performance.
Capital has started flowing into ETFs since Donald Trump’s inauguration as 47 th president of the United States.
Ether has been on a steady rise since election day. However, it is still behind Bitcoin which has more than doubled in value this year. CoinDesk 20 is up by 94% year-to date (way higher than ETH).
Pandl’s recent note concluded that Ether will be able to grow higher by 2025.
Can Ethereum market cap surpass $1 trillion?
Matt Hougan, chief investment officer at Bitwise Asset Management is another expert that’s bullish about the future of Ethereum.
He’s confident that the new Congress will pass stablecoin laws, which will allow Ether to surpass $1 trillion market capitalization. Hougan, in a report, argued that Ethereum is “the dominant chain” for stablecoins. It’s also the market leader for DeFi.
As an example, he cited Onyx, the Ethereum-based Blockchain that JPMorgan utilizes for cross-border real-time transactions. Jim Cramer, the famous investor has Ether as part of his portfolio.
The post Ether can benefit more than Bitcoin in the Trump Administration may be updated as new information unfolds
