A crypto whale who is quickly building a reputation in the industry after revealing his trove of ERC20 tokens worth hundreds of millions of dollars is now sharing his Bitcoin, Ethereum and altcoin predictions for 2021.
The high-rolling trader known as 0x_b1 says that while Bitcoin will breach the $1 trillion market cap, he expects it to significantly correct before the end of the year.
“Bitcoin breaks $55K, but BTC YE2021 close is < $30K. Wins!”
As for Ethereum, the high-profile investor expects the second-largest cryptocurrency to print new all-time highs (ATH).
1/ #ETH hits new ATH(s).
— 0xB1AdceddB2941033a090dD166a462fe1c2029484 (@0x_b1) January 4, 2021
0x_b1 is also keeping close tabs on the nascent decentralized finance space. He notes that large financial institutions will dabble in lending and borrowing platforms such as Compound (COMP)
“JPMorgan, Citibank, Goldman Sachs begin to spec compoundfinance-like platforms for CBDC, cross-FX, and borrowing/lending.”
He also tells his followers that leading yield aggregators such as yearn.finance (YFI), yAxis