Ethereum (ETHUSD)

[ap17]

HOW HIGH WILL ETHEREUM GO? 🧠
Now that the Ethereum ETFs have been approved, there’s one question on everyone’s mind:

Just how high will Ethereum go?

Well, according to the work done by Julien Bittle, we have an answer.

$20,000 per Ethereum, by the end of 2025.

Jbittle1
Julien Bittle is the head of macro research at Global Macro Investor (GMI).

Global Macro Investor is the research service founded by Raoul Pal. It has one of, if not the best track records of any financial research service in existence.

Julien Bittle & Raoul Pal have decades worths of experience in financial markets & investing.

And It’s all culminated into a thesis they’ve named: ‘The Everything Code’.

This week, Julien & Raoul broke down ‘The Everything Code’ in a 2+ hour special. They revealed all the data & charts behind their conclusions.

In a nutshell, ‘The Everything Code’ is a theory that ever since 2008, all asset prices are correlated to liquidity.

We are in a repeating 4-year cycle, based around repayments on government debt.

This 4-year cycle is the same as the 4-year Bitcoin halving cycle, the 4-year election cycle & the 4-year crypto cycle.

Essentially, it suggests that if you are able to accurately forecast changes in liquidity, you will be able to forecast future asset prices. 🔮

(obviously ‘The Everything Code’ is much more nuanced & detailed than that. We’d strongly suggest you check out the full breakdown here.)

So what does this mean for Ethereum?

Well, because we’re in a repeating 4-year cycle, Julien observed something.

We keep seeing repeats of price action over cycles.

“Current cycles are repeats of prior cycles. Because of this debt maturity schedule and the rolling of the debt.”


Julien Bittle
This repeating price action, can be observed in Ethereum in 2 places:

Ethereum’s current price action is playing out very similar to the

2020-2021 bull-run.

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It also very closely tracks the early price action of Bitcoin.

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Where does this suggest Ethereum will peak in this cycle?

A $20,000 Ethereum, by the end of 2025. 🥂

“I think we could hit a $20,000 Ethereum this cycle, into the peak in 2025. It's possible, just based on repeats.”


Julien Bittle
However, a word of warning from Raoul:

“It's possible just based on repeats. Now it may be different. It doesn't mean that we're saying: ‘Raoul and Julian think ETH goes to $20,000!’ We're saying: ‘Listen, just understand how this could play out.’”


Raoul Pal
Don’t take this projection to the bank.

However, if cycles just play out the same as previous cycles… we’re looking at a $20,000 Ethereum. 🍾

P.S Previous cycles didn’t have an Ethereum ETF…