Bitcoin (BTC) And Ethereum (ETH) Will Explode 100% By Mid-2023, Says Jason Urban, Co-Head Of Galaxy Digital Trading

A senior Galaxy Digital executive has said that top crypto assets Bitcoin (BTC) and Ethereum (ETH) could double by the middle of next year.

In a new interview with Kitco News, Jason Urban, co-head of Galaxy Digital’s trading division, says BTC and ETH hitting new highs is inevitable, and the top two digital assets by market cap could rise 100% each by the second quarter of 2023.

“If you had asked me at the start of the year, I would have said that I see Bitcoin at $100,000 [and Ether in the] Range from $6,500 to $7,000. Do I think there are headwinds to this? Potentially. Do I think it’s going to matter? No.

So if it’s not the end of the year, it could be the first quarter of next year. [or] Q2. It will happen. The sheer number of people entering this space, I think, is going to continue to push that and the fact that there’s such utility.

Urban also notes that while he thinks Ethereum could one day turn Bitcoin around, he doesn’t think it’s charging any time soon.

In response to a question about whether or not ETH could flip BTC by host Michell Makori, Urban said,

“I think at some point yes, but is it imminent? No. Do I think that’s something we’re going to see in the next two to three years? It’s probably the earliest, and I could be wrong on that. I don’t think it will be anytime soon.

Urban then says that institutional interest in Ethereum is growing as more people realize the benefits of smart contracts.

“They are beginning to understand the power of smart contracts [and] canapes-1, on demand so many brilliant minds can lean on, and Ethereum is that.

It’s copper. Bitcoin is the digital gold and digital copper of Ethereum.

Bitcoin and Ethereum are trading hands at $42,235 and $3,192, respectively, at the time of writing.

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