Bitcoin’s growth continues as fund managers express confidence in Ethereum catching up – Capital Brief

Hey there! So, it looks like Bitcoin is having a major moment right now, surging way past its 2021 peak. But what about Ethereum, the second-largest cryptocurrency? Well, it seems to be lagging a bit behind, struggling to break through that US$4,000 mark.

But hold on, Australian cryptocurrency fund managers are feeling pretty optimistic about Ethereum. They’re upping their stakes, anticipating that Ethereum is on the rise and heading towards some new all-time highs. Even though Ethereum hasn’t quite hit its previous high of US$4,890, investors think that could change soon.

Ethereum has been a bit overshadowed by Bitcoin lately, even though it also has multiple ETFs backing it up for institutional investors. But things might be turning around for Ethereum. Investors believe that with the overall market on an upswing, Ethereum is poised for a comeback.

Egor Sidelska from Magnet Capital is feeling bullish about Ethereum, boosting the fund’s Ethereum holdings relative to Bitcoin. He’s thinking big, saying, “I find it really difficult to believe that if Bitcoin is at US$150,000 that Ethereum is not at US$6,000 or US$8,000.” Looks like exciting times ahead for Ethereum!