I think that Bitcoin by the end of this week will probably have broken all-time high
trading between $64,000 and about $70,000.
And I can very easily see Bitcoin going to $100,000 by the end of July.
We've seen a parabolic run-up over the last four or five months.
And, guys, a lot of that has to do with fundamentals.
Like you were just saying, Ben,
the stock-to-flow ratio is one of the most intrinsic reasons why Bitcoin has value in the first place.
- It has value because of its limited supply. - Absolutely.
And limited supply is expressed in the stock-to-flow ratio.
If you want to look for any one fundamental metric about the success of any cryptocurrency project
as far as a currency,
- not a protocol or a platform like Ethereum or Cardano, - Right.
but as far as a cryptocurrency designed to be a currency,
you've got to look at stock-to-flow ratio.
Bitcoin's stock-to-flow ratio, correct me if I'm wrong,
I believe actually passed gold during the last halving event,
and it's now one of the most scarce commodities in the entire world.
And for that reason alone,
it is eventually going to take over government currencies.
Fiat money is on its way out.
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Welcome to BitBoy Crypto! The largest crypto channel in all the Interwebs.
My name is Ben.
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In this video, I brought on technical and fundamental expert Crypto Jebb
to discuss the future of Bitcoin, Ethereum and Cardano.
All three of these coins are great, but which one has the most potential?
Today, we're going to examine each one of them.
Now, of course, if anything in this video gets you excited,
you can trade all three of these coins we'll cover today on Bybit.
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which can get you around that problem.
Okay, guys, let's go ahead and jump into the interview.
Ben, I am so very excited to be talking to you today.
- How are you doing, man? - Yeah, I'm doing very well.
A lot of people know. I mentioned you on the channel before.
You came on a livestream.
You're definitely, you know, one of my favorite technical, you know, analysis guys.
And you also weave in fundamental stuff which I think is very rare,
you know, kind of in the crypto YouTube space,
to be able to meld those very well together.
And you do that, so I'm excited to talk to you today
and talk about my three favorite cryptos.
There we go. Thank you so much for having me on the channel.
Thank you so much for coming on ours.
By the way, I want to go ahead and mention something.
I don't normally wear sunglasses in meetings.
My glasses literally snapped in half yesterday.
Can you believe that? I was just telling Ben about that.
I was holding them, and they just broke in half.
It was really stupid.
Come on. You want to come on and wear those aviators.
- Yeah, come on. You know, I kind of did. - Let's just--
- I think they look cool. - Yeah.
But just so you know.
Well, Bitcoin is flying high,
- so it makes sense that you're having to wear them. - Exactly. I just got off the plane actually, guys.
- We're on our way to the moon, - There you go.
and Bitcoin had to take a little pit stop,
- but it's still going there. - I love it.
Yeah, I love it.
So, Ben, what do you think is going to happen on Bitcoin over the next couple of months?
Where do you think it's going to go?
I'd love to hear your opinions on this because I know that I have some opinions
on where I think Bitcoin is going by the end of Friday and by the end of the month.
We actually just did some price predictions on Bitcoin, Ethereum and Cardano
over on our channel this morning.
So what do you think's going to happen, my friend?
Yeah, and just so everybody knows, before I get into that,
I would like to say if you're watching on my channel, you guys do make sure you go subscribe to Crypto Jebb.
I'll put that down in the video description so people can go subscribe.
Great content on there.
So if you want to go check out those price predictions,
you can do that.
Now, in terms of Bitcoin,
over the next few weeks,
I have been saying for about a month now
that I believe the Coinbase IPO is going to bring with it a lot of manipulation to the upside
because it's beneficial for Coinbase.
If you look at the valuation of Coinbase,
it's directly tied to the price of Bitcoin.
And so it makes sense.
And if you didn't know, like look,
I'll say it again, I say it all the time,
I like Coinbase.
I have nothing against Coinbase.
Brian Armstrong is not a relative of mine even though we have the same last name.
But I use Coinbase.
I have nothing bad to say about it.
But there is a bit of a crypto cartel, you know?
There are a lot of people in crypto with a lot of money.
And a lot of those people are tied to Coinbase.
We know Coinbase was wash trading a few years ago.
They just got a big fine for that.
So we know it's not beneath them.
Of course, now, they could probably hide it a little better.
I think we are going to see
it's going to be beneficial for everyone including Coinbase
if the price of Bitcoin is up the day of the IPO which is April 14.
So I'm looking for the next couple of weeks,
Bitcoin to charge actually, you know, somewhere between $70K and $80K.
I think it'll bring a lot of hype and attention.
And then beyond that, you know, certainly we might have a correction,
but if you look at the stock-to-flow chart,
it puts Bitcoin at $289,000 by the end of the year in September.
The thing about it is
is that it actually puts a price of $100K on Bitcoin in July,
and I think it was-- who was it that I just saw?
I can't remember exactly who it was.
I don't think it's JP Morgan, but somebody just put out a report saying
that you should pay attention to that $100K mark in July,
and it definitely is going to hit it at some point,
probably over the summer.
So I can kind of see that Coinbase IPO bringing a lot of attention
and price going to $70K, $80K by the end of this month,
then subsiding,
and then, over the summer, going back up to $100K,
and then I do believe by the end of the year,
around the end of September,
we're looking at a 289--
my number's $322,000 Bitcoin actually, but somewhere between that range.
That's awesome. And by the way, thank you so much for the shout-out.
- I really appreciate that, Ben. - Yeah.
Everybody who's watching on my channel, make sure you go and subscribe to BitBoy Crypto.
Fastest growing largest cryptocurrency channel in the space.
My friend, I am very much in agreeance with you.
I think that Bitcoin by the end of this week will probably have broken all-time high
trading between $64,000 and about $70,000.
And I can very easily see Bitcoin going to $100,000 by the end of July.
We've seen a parabolic run-up over the last four or five months.
And, guys, a lot of that has to do with fundamentals.
Like you were just saying, Ben,
the stock-to-flow ratio is one of the most intrinsic reasons why Bitcoin has value in the first place.
- It has value because of its limited supply. - Absolutely.
And limited supply is expressed in the stock-to-flow ratio.
If you want to look for any one fundamental metric about the success of any cryptocurrency project
as far as a currency,
- not a protocol or a platform like Ethereum or Cardano, - Right.
but as far as a cryptocurrency designed to be a currency,
you've got to look at stock-to-flow ratio.
Bitcoin's stock-to-flow ratio, correct me if I'm wrong,
I believe actually passed gold during the last halving event,
and it's now one of the most scarce commodities in the entire world.
And for that reason alone,
it is eventually going to take over government currencies.
Fiat money is on its way out.
And you can read more about that in The Bitcoin Standard by Saifedean Ammous.
Ben, I actually saw on your Instagram that that's a required reading for all of your employees, isn't it?
That's a great book.
Yeah, yeah, we definitely--
we had some books.
- My favorite one's Bitcoin Billionaires. - Yeah.
By the Winklevoss twins, I think.
Because I was in crypto in the time when that book was written about, you know, or well,
when the things that were happening in the book were happening in 2012.
And seeing the history.
That book has a lot of good history about Bitcoin.
It puts a lot of stuff into perspective.
It shows the Winklevoss twins are very early on knowing
that one point they said it will be bigger than Facebook.
- Bitcoin, you know, bigger than Facebook. - Yeah.
- So, you know. - Yup.
I think that though understanding like the
Andreas Antonopoulos and Saifedean Ammous's book,
those are, you know, The Internet of Money and, of course, Bitcoin Standard.
They're some good ones to read.
But, you know, there are other cryptocurrencies out there
- than just Bitcoin. - Absolutely.
- Oh, of course, and a lot of them are great - Yeah.
- like Ethereum and Cardano, - Yeah, that's right.
two of the best decentralized application protocols.
We were talking about on the stream this morning--
What was it the thing the smart contracts are being developed on over on the Binance Smart Chain?
- It was? - The...
- BakerySwap - BakerySwap! That's what it is.
BakerSwap and having NFTs be--
the fees coming down on them over on Binance.
- I think that's why Binance Coin has been jumping lately. - Yeah.
There's a lot of great cryptocurrencies out there.
Yeah, I think so. I think--
- Ethereum, you know, just had a new all-time high over the weekend. - Yeah.
And I know there's a lot of, you know, big stuff.
There's a big conversation about, you know, "What's better?"
- "Ethereum or Cardano?" - Yeah.
And we'll talk about Cardano in just a minute,
but, for me, you know, I think this month,
you know, I said the beginning of the month,
I said, "If Bitcoin goes up and Ethereum stay stagnant again,
then it may be time to give up on Ethereum if you're an investor
and start looking at other projects
because the institutional pull from the CME futures might be too strong."
Yeah.
But what we've seen is we've seen the price going up for Ethereum,
setting a new all-time high.
Not time to give up on it yet!
And I want to know from your perspective,
what kind of month do you think Ethereum is going to have?
And what are you seeing from, you know,
both the technicals and the fundamentals when it comes to Ethereum?
So, guys, the thing about Ethereum is that Ethereum has something like a 95% correlation with Bitcoin.
It follows Bitcoin tooth and nail, guys.
They are pretty much the same cryptocurrency when you look at their charts.
However, in the last seven days or so, something very interesting has happened.
Ethereum has decoupled from Bitcoin,
and Ethereum is rallying faster than Bitcoin has.
- Ethereum just set a new all-time high. - Yeah.
Bitcoin actually hasn't.
Even though Bitcoin is the cryptocurrency that's leading this whole bull market,
the altcoins are obviously doing very well.
You can see the other category on CoinMaretCap has doubled in the last three months.
If you look at Ethereum, it's actually outpacing Bitcoin.
So I think you're right on that, Ben.
If Bitcoin started outperforming Ethereum and Ethereum wasn't doing very well,
- we'd have to ask ourselves a question, - Yeah.
"Hey, is Ethereum really going to be able to keep up with Bitcoin?"
"Is some of its value going to move into other projects
like Binance Coin and like ADA and like Polkadot and these other great projects?
Or is Ethereum going to be able to keep up?"
And so far, I think the short-term answer to that is yes because we've just broken all-time high,
- and even today, we've rallied close back to that all-time high we've set back on Friday. - Yeah.
So I love the Ethereum blockchain.
I think it is a fantastic ecosystem.
That being said, it, of course, does have its issues
with high fees and low transactional throughput,
and it's difficult to do develop on,
but at the end of the day, guys,
- so does Bitcoin, - Yeah.
but Bitcoin's still top dog, and it always is going to be.
Bitcoin is very unlikely to be overthrown by anything in my personal opinion at least in the short term.
So even though people might argue, "Okay, Cardano is a better project,"
"Yeah, but Ethereum's the top dog,"
really what I think is going to come down to
is Nvidia and AMD situation,
or a Google and a Bing situation,
- or a Microsoft and an Apple situation. - Yeah.
There's going to be two sharks.
And one of the sharks is going say, "I'm going to take a little bit of market cap over here,"
and the other shark is going to say, "Okay, I'll take mine over here,"
and they'll live in peace and harmony.
I don't think that one is necessarily going to destroy the other one.
That being said, of course, Ethereum has a lot of great updates coming out relatively soon.
EIP-1559 which is controversial but hopefully will be helping with that.
And there's another update coming out relatively soon.
- I forgot what's called, but, yeah. - Yeah.
- I think Ethereum's a great project-- - I think the Berlin--
- The Berlin hardfork is this month, I think. - That's it.
That's it. That's what I was trying to remember.
Yeah, so as far as where I think Ethereum is going to go, guys,
I really can see Ethereum going above $2500, maybe even up to $3,000 in this month.
At the end of the day,
if Bitcoin rallies, Ethereum will rally.
And that's really what you need to look at is, hey, if Bitcoin is doing well,
Ethereum is going to do well.
In fact, Ben, I think you said in one of your videos recently
that Ethereum has massively outperformed Bitcoin over the last 6-12 months.
- And you're right. - Yeah.
It's a good project.
Well, here's the question I ask everybody because everybody wants to point to the gas fees
- as holding back the price, - Yeah.
and, you know, does that hold back, you know, NFT platforms or DeFi platforms?
Yeah, I think so.
But do you really believe that institutions that are putting money in Ethereum right now
care about gas fees?
I think they do.
And the reason is is because for decentralized finance
and for NFTs and all the other decentralized application protocols being built on Ethereum
to become successful, they need to be scalable.
And this is an issue that Bitcoin runs into.
- Bitcoin's low transactional throughput and slow block time does actually inhibit its ability - Yeah.
to be adopted as a world currency.
That being said, layer 2 solutions like Lightning Network are coming online.
There's other things that are coming out that are going to help with that problem on Bitcoin.
If I didn't see a solution in sight for the problems that Ethereum has,
then, yes, it would be a huge problem.
But that being said, there are improvements on the horizon for Ethereum.
The question now comes down to
are those improvements, such as the EIP-1559 and Berlin and all these different--
- Ethereum 2.0 hopefully will launch at some point. - Yeah.
Whenever these updates come out and they make Ethereum much more
able to be used for the purpose it was created,
then I don't think it's going to be a problem.
Until we see that though, we do need to keep in mind
that there are some hindrances that are stopping Ethereum
from reaching its full potential and what it set out to do.
So that's not to say that Ethereum is a bad project,
but it is to say to be an informed investor in that project,
you need to understand the fundamentals.
Again, you never want to invest in anything you don't fully understand.
Yeah.
Well, I would argue that they don't care about gas fees.
And here's why.
I would say that we're seeing--
what's really interesting with Bitcoin is we've seen it go from being a currency to being digital gold.
- Everybody pretty much knows that. - Yup.
When it comes to Ethereum, we're seeing this really weird fork, right?
Where we're seeing the use case and utility of decentralized platform as one fork.
But we're also seeing another fork develop that I believe is an alternative to Bitcoin
as a store of value.
And I think from the store of value side,
where institutions are looking saying,
"Oh, we kind of missed out on getting enough Bitcoin. Let's add Ethereum."
I don't think they're looking at gas fees.
And I think when you look at the Bank of America report,
where they just said like the No. 1, you know, a couple weeks ago,
the No. 1 value of Bitcoin is that it goes up,
and they're not scared of it,
- but they are scared of DeFi. - Yeah.
There wasn't a lot of talk about gas fees in there.
And I think that really sometimes I think we give institutions too much credit.
I think we, people that are in cryptocurrency, I think we know more in our little finger
- about Ethereum and cryptocurrency - Yeah, that's true.
than even the best researchers they have in these banks.
Yeah.
Because they're just--
It's like an old guy on Facebook.
You know, when it comes-- you just see it--
Well, what they say just sounds so, you know, basic level.
Well, let's--
we talked about Cardano a little bit and-- or we talked about Ethereum.
- I want to move on and talk about Cardano for just a couple minutes here because - Sure.
you recently had done a video
- the day before the Coinbase announcement saying-- - I know.
- Great timing on that! Yeah. - I know, right? Come on now.
I was like, "Oh, man, I want to Jebb about that 70¢ Cardano prediction."
- And literally within I think it was like six hours you posted that video, - Yeah.
- the Coinbase news came out. - No, I made the video at like 10 o'clock in the morning,
and then the news came out at 3. I'm like, "Come on."
For those of you who don't know,
I was talking about in that video that it is possible
if Cardano does not see more bullish momentum come into it,
which by the way, Cardano is trading sideways right now still.
- It still has the same problem that I was pointing out in that video. - Yeah, absolutely.
I was saying that it may drop that low if the bulls continue to fall over
and not be able to maintain the market.
That being said, what I tell people on our channel all the time is that technical analysis is very useful
- right up until the fundamentals overrule it - Yeah.
because the technicals could not have in any way predicted that.
At the end of the day, Coinbase listing Cardano is the largest adoption story
that Cardano has perhaps ever had.
And I applaud the Cardano project for that.
In fact, I'm actually getting some people involved in Cardano pretty soon
and trying to get them invested in it.
I think it's a great project.
- Yeah, so, yeah. - What are your thoughts?
I love Cardano. I think it's, you know.
I say I'm in a weird threesome with Cardano and Ethereum, you know?
Their communities like, you know, whichever one I talked about that day, they love me,
- and the other one hates me. - Yeah.
- But-- - I get that. Yup.
But 'cause I believe you're right when you say that this is like, you know,
Apple versus Android kind of, you know, or Apple versus Microsoft.
- You know, in their earlier times. - Exactly.
I think Cardano and Ethereum are going to be around for a long time.
I think Polkadot factors in somewhere,
but I really personally believe more in Ethereum and Cardano.
But, you know, I think that Polkadot has a place.
I think Elrond has a place. I think Solana has a place.
But I think we're looking at the two giants here, and I think they're going to remain that way.
We're seeing now like some institutions are looking at Cardano.
- And I think there's a reason for that. - Yup.
They understand the long-term play, the slow roadmap.
I definitely saw that video at 70¢ that you said it could go down to.
I was like, "That's a little sketch. That may be too low.
I understand the technicals are saying that,
- but there's a lot of bullish stuff going on." - Yeah. True.
But, overall, what is your prospects?
What do you think we're going to see for Cardano in the next let's say few months?
You think we're going to see continuing sideways action?
'Cause I could see that depending on how high the market goes.
Yeah, so it really depends on what the rest of the cryptocurrency market does
because you can look at the whole cryptocurrency market
as one massive index fund that all moves together.
Really a lot of these cryptocurrencies have very high correlation.
So whenever Bitcoin rallies, the altcoins are naturally going to follow.
And in fact, the altcoins are outpacing Bitcoin right now.
That's something you've been talking about on your channel.
How the altcoins--
If you look on the other category in market dominance on CoinMarketCap's dominance chart,
you can see it's doubled from 8% to 17% in the last three months.
That's because small cap altcoins are starting to gobble up a lot of the attention
as more money is flowing into them.
That being said,
one of the reasons that I love Cardano, and this will lead me back to the question,
one of the reasons I love Cardano is that, unlike Ethereum,
- it actually has a maximum supply of 45 million coins. - Yeah.
Ethereum does not, at the moment, have a maximum supply,
which means that it is subject to continual inflation
unlike Bitcoin and, in this case, unlike Cardano.
So while both of them do something similar, as far as an investment in the coin,
which is reflective of the blockchain,
but the coin itself has to be able to maintain value over time,
I love the investment of Cardano because, unlike Ethereum,
it actually has a limited supply.
- And they've talked about this in all kinds of developer conferences and everything. - Yeah.
Cardano is a good investment not just because of the protocol,
but it's also a good investment because of the coin itself.
Remember, when you're investing in the Ethereum coin,
you're investing in the Ethereum coin
- and then the blockchain. - Yeah.
Well, the blockchain might do very well,
but what if the coin doesn't because overnight the supply doubles
for whatever fundamental reason or for whatever developmental reason?
So as far as where I think it's going to go,
in that video, I was talking about a 70¢ correction,
but I was still very bullish on in the long term.
I think Cardano is going to do exceptionally well in the long term,
especially as it's coming out of that price discovery phase
that happened in Quarter 4 of last year.
It's rallied up to $1.48.
And I think based on all the fundamentals that you and I are talking about here,
it's going to go much higher.
I think in the next two years, it can go between $5 and $15.
In fact, in the next couple of months, I think it's going to go to more like $2 or $3.
Wow.
I think it's going to be very bullish.
I don't actually know what your prediction is on it though, Ben.
What do you think?
$8 make a holla.
You think it's going to $8?
- When do you think it's going to $8? - Yeah.
Well, by the end of this bull run.
- I mean I think Halloween is the end of-- yeah. - Oh, okay.
By the end of, you know, the altcoin cycle, I think it'll be around Halloween,
I can see Cardano reaching $8.
I can see a lot of people wanting it to get to $10.
And I think between $8 and $9, people will start taking profits,
- and that kind of be the end, so I-- - Yeah. That makes sense to me.
- It's already had a massive run-up. - Yup.
I mean it was down to 2¢ at one point.
So I think everybody sees the prospects on it are really great.
But overall,
bullish on Bitcoin,
bullish on Ethereum,
bullish on Cardano.
Amen.
Great projects, guys.
If you're looking for anything to invest in,
those three are ones that you can't really go wrong with.
Yep, absolutely. I agree 100%.
And I think that, you know,
- this has been a great collaboration here. - Yeah.
I look forward to having you on the channel again in the future.
And I think, for today, that's going to wrap it up.
Good deal. Thank you so much for joining me, Ben.
Thank you so much for having me.
Guys, if you haven't already, from my channel, make sure to go and subscribe to Ben.
Go smash the like button and go spam his comments
saying that Jebb sent you.
I'm sure he will let it slide for one video.
We got all kinds of spam in the comments. Though I hear you're working on something for that.
We are. We got--
- We got something up our sleeve is what I'll say. - I'm looking for--
- I'm looking forward to hearing what you've got to say about that. - Yeah.
Ben, you want to wrap us up?
Yeah.
- I just think, guys, it's a great time to be in cryptocurrency. - Yep.
Jebb, you know, thanks as always for coming on the channel.
Guys, to everybody in the community, make sure drop some comments down below.
Let us know what you want us to talk about next time.
- What kind of coins you want to see. - Yeah.
And that's all I got.
Everybody, be blessed.
- BitBoy out. - Be blessed, guys.