Matt Hawgan noticed that over the past weeks, the broadcast is experiencing a “shock of demand”. According to BitWise, in a month the growth of coin quotes amounted to 50%, and since April, the broadcast has added almost 150%.
“According to preliminary estimates, from May 15, corporate treasures acquired about 2.83 million ETH – more than $ 10 billion at current prices. This is 32 times more than a pure new network offer for the same period. With such an imbalance, the price increase is not surprising, ”Hawgan explained.
According to him, the “catching up purchases” of coins by managing companies and investment funds that have not managed to invest earlier, can maintain price growth over the next few months.
Interest in stablecoin and tokenization of traditional assets is growing, while most of their infrastructure operates on the Ethereum’s blockchain, the investment director explained. Activity in the network pushes the demand for air, acting as a security asset. The trend for transferring reserves of large funds to ETH It may intensify, suggested Hawgan.
Earlier, Fundstrat analysts said that the cost of the second in capitalization of cryptocurrency can reach $ 4000 by the end of July, and in the long run exceed $ 15,000.
Source: Bits
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