Institutional capital and new trading products are making digital asset investments more accessible, potentially sparking a long-term 'super cycle' in the crypto market, according to HashNews. This cycle could challenge the traditional four-year market cycle theory linked to Bitcoin halvings. BitMine Immersion Technologies highlights Wall Street's increasing adoption of blockchain as a key driver for Ethereum's potential super cycle.
Despite this optimism, not all Wall Street firms share the same outlook. Bank of America and Citigroup have set a year-end price target for Ethereum at $4,300, which remains below its all-time high of $4,953. Additionally, the growth of AI protocols is seen as a potential catalyst for Ethereum, as AI requires a neutral platform like a public blockchain. Andreessen Horowitz co-founder Ben Horowitz emphasizes that for AI to realize its value, it must engage in economic activities, with crypto serving as the economic network for AI.
Ethereum's Potential Super Cycle Driven by AI and Wall Street Interest
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