Ethereum has followed Bitcoin unfailingly since its inception and this has allowed the altcoin to establish itself as the second-largest cryptocurrency in the market. Even now, Bitcoin’s trend tends to set the pace for the likes of ETH and other altcoins in the market, so a bullish case for the pioneer cryptocurrency always means good tidings for other assets in the space. So the forecast of Bitcoin trading at $120,000 is more than bullish for Ethereum.
Bitcoin Headed To $120,000?
Since the week began, the crypto space has been inundated with forecasts that the price of Bitcoin is set to quadruple before the year is over. This forecast has not been localized to a single source as more than one prominent personality has come forward to say that they expect the digital asset to reach this price level.
The first of these was Standard Chartered’s forecast that said BTC’s price would surge as high as $120,000 in 2023. This forecast predicts an over 300% increase for the digital asset,
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