Many people have speculated about Ethereum’s future prospects after it broke through the $3,000 milestone where it set an all-time high. Even deVere Group’s CEO and Founder, Nigel Green, believed that Ethereum’s market share was likely to grow and may have exceeded $5,000 USD last month.
For Green, Ether is one of the primary winners in the broader growth in the world of cryptocurrency. He mentioned that in the past few months earlier this year, the surge has been fueled by increased interest from larger institutional investors and continuous growing understanding that limitless digital currencies are the way to the future. The upward trend was expected to continue in the foreseeable future, and he predicted that Ether will touch $5,000 USD over the next seven days in the midweek of May.
Green’s interest in the second-largest cryptocurrency firm after Bitcoin stems from his view that Ether is a more resilient digital currency built on a more modern blockchain system. With a 321 percent increase in the previous year, Ethereum is quickly approaching the degree of commercial and public acceptability that Bitcoin has already achieved.
After the European Investment Bank announced its very first digital bond sale over Ethereum’s blockchain network, Ethereum has been on the rise for many days since then. According to Bloomberg, Banco Santander, Goldman Sachs, and Societe Generale will lead the sale.
Due to the growing demand, the volume of Ethereum had been decreasing, and major corporations including JPMorgan, Mastercard, and UBS have invested in Ethereum-related firms. In 2015, a $1,000 USD Ether investment would have also been worth nearly $4.7 million USD today.
Nigel Green truly believed that 2021 is Ethereum’s year and that it has already been years ahead of Bitcoin in everything aside from fame and price.