Ethereum’s market outlook is highly bullish following the approval of its spot ETFs, expected to attract $15 to $20 billion in net inflow within a year, despite initial outflows from the Grayscale Ethereum Trust. With a friendlier regulatory environment and unique attributes like deflationary supply and staking rewards, Ethereum’s price is projected to reach $6,500 by October. The ETH/BTC ratio is anticipated to hit at least 0.065 later this year.
The ISM Services report had “pause” tattooed all over, while the RBA hiked this morning in a surprise move. Is the RBA a harbinger for the BoJ? We also took notice of the WSJ story in increasing capital requirements for banks.
The ECB and the Fed keep referring to sound and resilient conditions in banking as they obviously need to. Beneath the surface, a cocktail of mediocre regulation, bizarre incentives and complacent authorities is likely to guide us into a continued bank crisis until rates come down. Here is why!