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Mati Greenspan, founder of Quantum Economics, believes Bitcoin might see a major price increase due to enhancements like the Taproot upgrade, possibly hitting $100,000 by 2024 depending on events like the US presidential elections. On the other hand, he finds it challenging to make a bullish case for Ethereum due to its competition. Greenspan also advises potential investors to be cautious about hyped tokens and memecoins. Always do research and understand the potential risks before investing.

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The crypto world is abuzz with talks about what might trigger the next huge price surge. However, according to Mati Greenspan, founder of Quantum Economics and a knowledgeable crypto analyst, it’s probably Bitcoin where the next big surge will originate.

This is due to the enhancements Bitcoin has gone through. One noteworthy change incorporated in November 2021 was the Taproot upgrade. This has made Bitcoin even more robust, opening the doors for DeFi (decentralized finance) and NFT (non-fungible token) opportunities.

What’s more, Greenspan thinks we might see Bitcoin hit $100,000 by 2024, depending on some key events like the coming US presidential elections. Bitcoin, currently priced at $68,553, could see a significant increase if a pro-crypto candidate, possibly Trump, comes to power.

In contrast, Greenspan isn’t as hopeful about Ethereum. Given the competition and the number of affordable and scalable alternatives, making a bullish case for Ethereum is tricky. To give you some perspective, Bitcoin’s market value surpassed that of Ethereum by more than $1 trillion on October 20.

Generally, folks start looking at other cryptocurrencies and speculative tokens, chasing bigger returns, when Bitcoin hits new all-time highs. However, Greenspan suggests being savvy if you’re thinking about putting money into hyped tokens. Ask yourself what the coin does and whether Bitcoin or Ethereum can achieve the same goals. Plus, it’s a good idea to check out the project’s development team and what’s affecting its supply and demand.

Just a heads up – Greenspan isn’t sure about the future of certain memecoins. For example, Goatseus Maximus (GOAT), which boasts a $688 million market cap within 11 days of its launch, riding on the endorsement from an AI bot named Truty Terminal.

In conclusion, make sure to do your research before investing and remember – every investment move comes with risks.

Source: Cointelegraph