Is Tom Lee on shilling Ethereum or will this really pump to $16k because of Bitmine's purchases from the market?
Sure, he is shilling ETH, but I agree with his prediction more than his prediction about bitcoin.
Many bitcoin maximalists will not like this prediction but as a crypto investor I agree with his prediction. ETH hitting $16k is much more likely and feasible than Bitcoin hitting $3 million (which I don't believe will happen).
Not only Tom Lee and Bitmine, but the demand for ETH has also skyrocketed as ETFs inflows into ETH have far outpaced BTC in the past 2 weeks. ETH price increase is inevitable, it is just a matter of time and it will not be surprising if it gives better returns than BTC.
However, if we make an assumption that the pump on Bitcoin moves more slowly than Ethereum's pump to $16k, this might cause an occurrence that the people on social media call
the flippening. This implies that Ethereum will have a bigger market capitalization than Bitcoin.
Do you agree that Ethereum will have a bigger market capitalization than Bitcoin is more possible than Bitcoin to pump to $3 million?
Flippening was already been that long time talks whenever we are near on bull run on which there are tons of speculations around like this and that on which it will be causing up for you to have that kind of confusion on where you should be that investing but it will be just that depending on you because if we do speak about investment choices and preferences then you are the ones will be making out such decision and make it sure that you wont be that regreting it out. $3M per coin? Even thinking for $1m would be already hard, how much moreo n $3M? There are just that those times that these speculations and predictions it turned out to be that too much on which it will be that causing up that kind of criticisms but since we are dealing up with speculative market so any predictions will always be considered valid.
On dealing up with a speculative market then we do always have those numbers that would be that go beyond the roof. Some people do think positively and some are just that having some baselines when they are trying out to speculate on what are the potential prices that the market would be able to hit up. Hopium? We are always that being hopeful specially into those who are that planning to hold up for long term then it will be having no issues when it comes into this aspect. You are the ones will be whether taking up these predictions or not, some are just that being highly reactive and there are those who dont care up that much because we do have our own insights and previews on how this market could possibly be able to achieve. There's no way that we can be able to predict on where it would be going but basing up into its potential then we can at least have the idea on where it could potentially projected. Its just that there are really those numbers that being that too far off or already that too much on just that simply unrealistic.